HSBC is planning to add staff to its Saudi Arabian operations as the kingdom embarks "on one of the biggest economic transformations attempted by any country," the bank's regional chief Georges Elhedery told Reuters, via the New York Times.
Saudi Arabia wants to turn hundreds of miles of its Red Sea coastline into a global tourism destination, according to an announcement by the government's Public Investment Fund (PIF) and reports.
The World Health Organization (WHO) said on Friday that Saudi Arabia's authorities are "well prepared" to handle annual and new challenges surrounding the Hajj pilgrimage this year, taking place in September.
More and more women are joining the workforce in Saudi Arabia, official data show, as the Kingdom looks to increase female participation in the workforce as part of its Vision 2030 economic and social reforms.
A senior Saudi official on Thursday denied as "baseless" a New York Times report that Prince Mohammed bin Nayef has been confined to his palace in Jeddah and barred from traveling abroad, according to a Reuters report.
A proposed sale of $500 million worth of U.S. precision-guided missiles to Saudi Arabia is coming under growing scrutiny from Congress, according to reports, as a key vote looms in the U.S. senate today.
U.S. President Donald Trump spoke by phone with Saudi Arabia's King Salman amid a growing crisis between GCC states over allegations that Qatar is funding terrorism and extremist activities.
Goldman Sachs has applied to Saudi Arabia's capital markets regulator for a license to trade equities in the kingdom, two sources familiar with the move said, in the latest step by Western banks to expand operations in the country, Reuters reports.
The expected launch of the $100 billion Vision Fund will be just one of many deals and partnerships announced between U.S. and Saudi government entities and private companies.
