According to recently released data by Riyadh-based Jadwa Investment, Both OPEC and non-OPEC cuts are contributing to a reduction in global oil balances.
Saudi Arabia's government is ordering its ministries and agencies to review billions of dollars' worth of unfinished infrastructure and economic development projects "with a view to shelving or restructuring them."
For the first time, a Japanese orchestra has played a live performance in Saudi Arabia's capital, the latest step forward for Saudi culture and prospects for greater entertainment options for Saudi citizens.
Saudi Arabia's stock exchange, the Tadawul, today provided in a press release "an update of its progress across a range of far-reaching capital market reforms to enhance efficiency, corporate governance, and transparency."
Saudi Arabia's economic data for the month of February 2017 showed a mixed picture for the Kingdom, with foreign reserves falling to $514 billion in February, the lowest since August 2011.
The Shoura Council asked the General Authority for Civil Aviation (GACA) Wednesday to establish a strategic vision to make Saudi airports among top ranked globally, achieve competitiveness, ensure safety and serve customers in the best manner.
The White House released a statement yesterday calling for the development of "a new United States-Saudi program" after the President hosted Deputy Crown Prince Mohammed bin Salman for a lunch meeting.
Saudi Aramco has chosen Washington, D.C.-based FTI Consulting as global media adviser for what is expected to be the world's largest initial public share offer, industry sources told Reuters.
Saudi Arabia's largest private agriculture company, Almarai, and U.S. agribusiness Archer Daniels Midland Co. are reportedly among companies eying Saudi Grains Organization's (SAGO) milling operations, the kingdom's sole supplier, according to an exclusive report by Reuters.
In a setback for women especially, who make up 80% of ride-sharing app's customers in the Kingdom of Saudi Arabia, the government has announced that it has banned Uber and Careem from making airport pickups and will instead force customers to use cabs, according to a report.
