In an analysis of official data from the Kingdom, Bloomberg found a significant year-on-year reduction in Saudi Arabia's budget deficit from Q1 2017, a sign that the Kingdom's economic reforms coupled with an uptick in oil prices have positively impacted the government's balance sheet.
Saudi Arabia’s first mortgage-refinancing firm has started approaching banks to buy their mortgage portfolios as the state tries to boost lending for homes, Bloomberg reports.
Over the weekend, Saudi Arabia's King Salman announced a series of major changes to key leadership positions, a new “national security center” for Saudi Arabia that is affiliated with the Royal Court, and more.
Full text of the Secretary of State's remarks at the U.S.-Saudi CEO Summit, hosted by the U.S. Chamber of Commerce, the Saudi Committee for International Trade and the Council of Saudi Chambers of Commerce.
Egypt is the second largest beneficiary of US military aid after Israel and receives around $1.3 billion a year. President Sisi will also visit the U.S. Chamber of Commerce.
The Trump administration has "significantly increased" military support for the Saudi-led coalition fighting al Qaeda and Iranian-backed militias in Yemen.
The families of more than 2,000 victims of terrorism have filed a civil lawsuit against the government of Saudi Arabia, hoping for restitution for the September 11, 2001 attacks on the United States.
