Saudi Arabia and Japan's SoftBank Group will create a technology investment fund that could grow as large as $100 billion, making it one of the world's largest private equity investors.
Saudi Arabia says it has shot down a ballistic missile fired into the kingdom by Houthi rebels in the latest incident in Yemen's civil war that has lasted nearly 19 months.
Saudi Arabia has shifted to the Gregorian or "Western" calendar as a basis for paying civil servants as part of broader fiscal changes, according to reports.
As Congress looks to potentially adjust the law, those looking to sue Saudi Arabia in U.S. courts look to begin their claims - a process that may take years and is unlikely to yield a settlement.
The Kingdom's structural economic transformation, envisaged by
Vision 2030, will have significant implications on trade and
financial flows over the next fifteen years.
Bloomberg said that the 31-year old prince has drawn up a plan to transform the world’s biggest crude exporter into a diversified economy fit for the next era, almost eight decades after oil was discovered in Saudi Arabia.
White House Press Secretary Josh Earnest said on Monday that U.S. President Barack Obama will veto the controversial Justice Against Sponsors of Terrorism Act (JASTA) passed by congress last week, setting up a showdown with Congress.
An estimated two million pilgrims have converged in Saudi Arabia for the start of the annual Hajj pilgrimage today, lasting until Wednesday, September 13th.
The House will vote this week on a bill allowing the families of 9/11 victims to sue Saudi Arabia in U.S. courts, a Republican leadership source told Politico Wednesday.
