Yemen's President Hadi said that Saudi Arabia has given his nation $10 billion to rebuild following nearly two years of civil war, "including $2 billion as a deposit in the central bank to shore up the (Yemeni) riyal,” according to reports.
The National Project Management Office ("NPMO") is something you will hear a lot about in the coming years. Saudi Arabia has tasked U.S.-based Bechtel Corp to oversee its state infrastructure projects, known in Arabic as 'Mashroat'.
With Brent oil hovering around $55 for the past two months, actions by OPEC and non-OPEC members to keep 900,000 barrels per day off the market have had a stabilizing effect on prices. But will U.S. shale producers respond with strong production?
Saudi Arabia has approved $24.5b for water, agriculture, and environment spending to allow government leaders to meet 16 goals set as part of its Vision 2030 development plan, Reuters reports.
Saudi Aramco has tasked two U.S. industry leaders in oil reserves auditing to review the content of its deposits as it pushes ahead with a share listing next year, industry sources told Reuters on Thursday.
Oracle founder Larry Ellison will join Apple, Qualcomm and Foxconn in backing SoftBank’s record-setting technology fund, allowing the Japanese telecoms group to hit its $100 billion goal weeks ahead of schedule, the Financial Times reports.
The bodies of four Saudis who were slain in the attack on an Istanbul nightclub were returned home as the Kingdom reels from the loss of its citizens at the hands of Daesh terrorists abroad.
Saudi Arabia executed 153 people in 2016, a slight reduction over 2015 (158) that marked a 20-year high for the Kingdom. Still, it is far fewer than regional rival Iran and global leader China.
