The U.S. State Department has approved a potential agreement covering up to $500 million in military support services for Saudi Arabia, the first since President Biden took office on January 20. The agreement has been sent to Congress for review, the Pentagon said on Thursday.
Saudi Arabia's Prince Turki al-Faisal Al-Saud, the former intelligence chief for Saudi Arabia, has called on the United States to show a renewed commitment to Saudi Arabia's security and the U.S.-Saudi partnership in comments to CNBC published today.
At least eight people were wounded on Monday in Houthi terrorist drone strikes on Saudi Arabia's Abha International Airport, Reuters reports, citing local sources and news outlets.
A consortium that is developing Saudi Arabia’s largest solar project has reached financial close for the nearly $1 billion plant, and has secured the backing of state oil producer Saudi Aramco, according to Bloomberg.
Saudi Arabia's delegation of athletes to the Olympic Games in Tokyo this month is its largest ever, as the Kingdom continues to build its homegrown sports talent and develop young athletes.
Saudi Arabia's Crown Prince Mohammed bin Salman on Tuesday launched a new strategy that aims to make the kingdom a global logistics hub and boost the sector's contribution to non-oil revenues, according to reports. The plans include an "ambitious package of mega-projects."
Veteran diplomat and U.S. Special Envoy for Yemen Tim Lenderking traveled to Saudi Arabia this week to continue efforts at bringing to a close the ongoing war in Yemen, the State Department and reports confirm.
According to a report in Bloomberg, Goldman Sachs Group Inc. raised its expectations for Saudi Arabia’s oil production and economic growth in 2021 as crude prices soared over $70 a barrel this week and pandemic-related lockdowns continued to ease.
Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF) said on Tuesday it has established two deputy governor roles to support the $430 billion fund's continued growth and expansion, several outlets report.
The contribution of Small to Medium Enterprise businesses (SMEs) in Saudi Arabia to the Kingdom's overall GDP has surged 45% since the launch of Vision 2030, according to a report in Zawya, citing official government data.
