Saudi Arabia's King Salman has met French cardinal Jean-Louis Tauran during the first visit to the Kingdom by such a senior Catholic authority, according to the SPA.
A first glimpse at Saudi Aramco's finances by Bloomberg News reveals the state oil giant made a whopping $33.8 billion in net income in the first half of 2017 and has very little debt, according to a series of stories published by the news site.
Crown Prince Mohammed bin Salman continued his active visit to the United States yesterday, attending a business meeting in New York with over 200 executives, and later meeting with the Secretary General of the United Nations, Antonio Guterres.
Two separate reports from Bloomberg confirm that Saudi officials are eying meetings with major banking houses and technology giants during the Crown Prince's nearly three-week long visit to the United States.
Steadily climbing oil prices over the past year may help increase cash in Saudi Arabia's massive Public Investment Fund (PIF), according to comments by Mohammed Al Tuwaijri, the kingdom’s minister of economy and planning.
Saudi Arabia's Crown Prince Mohammed bin Salman is seeking to reassure the business community following the Kingdom's crackdown on corruption, which netted over $100 billion for the Saudi government from alleged impropriety.
The average Saudi household will be sheltered from tough economic reforms by new royal grants and household allowance disbursements, a report on the Saudi economy by Bank of America Merrill Lynch (BofAML) said.
At a cost of $533 million, the Kingdom hopes to quickly bring on-line new water supplies to satisfy surging demand and “improve the quality of water services” in Saudi Arabia.
