Saudi Arabia's finance minister Mohammed Al-Jadaan said in his pre-budget statement for fiscal year 2020 yesterday that the Kingdom would cut spending and widen its projected deficit in a vote of confidence in Saudi Arabia's economic reforms.
Saudi Aramco's long-planned IPO will see its first shares traded on Riyadh's stock exchange in December, several news outlets are reporting, citing the Saudi-owned satellite news channel Al Arabiya.
A new issue brief written by Jean-François Seznec for the Atlantic Council explores the Saudi Aramco-SABIC merger and Aramco's strategy to make the Saudi oil giant "like most other large international oil companies, except much bigger."
Economic data for Saudi Arabia for the month of August revealed a number of "positive developments" in several areas, according a recently-released monthly chartbook report by Jadwa Investment.
Britain, France and Germany have joined the United States in blaming Iran for recent attacks on key Saudi Arabia oil facilities, according to reports, issuing a joint statement Monday on the sidelines of the United Nations General Assembly.
In the early hours of Saturday morning, two of Saudi Arabia's most important oil facilities were brazenly attacked and set ablaze, causing a disruption of half of Saudi Arabia's total daily oil production and 5% of the world's crude supply and throwing the tense region into greater risk of conflict.
Saudi Arabia has named a new energy minister in Prince Abdulaziz bin Salman, a son of King Salman and older half brother of Crown Prince Mohammed bin Salman, to replace Khalid Al-Falih.
The announcement, along with a website for the future park, said that Six Flags Qiddiya will feature "a number of record-breaking roller coasters, unique thrill experiences, incredible live shows and more arranged into 6 unique lands."
The spokesperson for the Saudi embassy in Washington, Fahad Nazer, responded to “worrisome and false" allegations being made by U.S. politicians against Saudi Arabia as the 2020 election cycle gears up.
