Energy subsidies have long been a significant drag on the Saudi economy on numerous fronts, but as Vision 2030 kicks into high gear, Saudi Arabia is reportedly eying brave cuts to its domestic energy subsidy program, long a third rail for Saudi domestic politics.
The recently observed uptick in oil prices has given many US shale oil producers the opportunity to expand production, Riyadh-based Jadwa Investment said in a research note on shale production.
Dow Chemical plans to buy an additional 15 percent stake in its $20 billion joint venture with Saudi Aramco, the companies said on Monday according to reports.
Saudi Arabia has issued a regulatory framework for electricity consumers to operate their own, small-scale solar power generating systems and export unused power to the national grid, according to a Reuters report citing a government statement.
The Saudi Ministry of Justice issued four important decisions and proposals to limit the abuse of women, including raising the age that a woman is allowed to marry to 17 years old.
Saudi Arabia is the largest arms importer in the world by total sales amount, with regional rival Qatar surging to third largest importer, according to a data released by the UK's Ministry of Justice.
Growth in Saudi Arabia's non-oil private sector accelerated in July, albeit at a moderate pace, while the expansion in employment slowed, according to a Reuters report citing a Emirates NBD survey.
Saudi Arabia and 3 Arab nations leading a boycott of Qatar are no longer insisting it comply with a list of 13 specific demands they tabled last month, according to reports.
Saudi public schools will begin offering physical education for girls in the coming academic year, the education ministry announced on Tuesday, in another step forward for women and girls in the Kingdom.
