In Jadwa Investment's recently released report on the Saudi economy, the Riyadh-based finance firm sees limited upside to oil prices for the remainder of the year but increased production leading to growth in Saudi Arabia's oil sector GDP.
Saudi officials and sources say King Salman will visit the United States for the first time since ascending the throne and will meet with President Barack Obama on September 4th.
The Saudi Health Ministry on Monday confirmed the infection of 49 people with MERS as Minister Khalid al-Falih said the Ministry is working at full capacity to contain the current outbreak of the virus.
Saudi Arabia's Eastern Province municipality is planning a model city comprising a residential, economic and tourism center in Half Moon Bay, Al-Aziziyah district, which is expected to create up to 90,000 jobs when complete.
A suicide bomber attacked a mosque inside a local security force headquarters in Abha, the capital of Saudi Arabia's south western province of Asir, near the Yemeni border. The attack is the third such attack in Saudi Arabia on a mosque in 2015.
US Secretary of State John Kerry departed late Friday to Egypt for cooperation talks and then to Qatar, where he hopes to ease Gulf countries' concerns about the Iran nuclear deal.
