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.
Saudi Arabia's Deputy Crown Prince Mohammed bin Salman gave a wide-ranging interview with Saudi TV station MBC yesterday, discussing regional politics, the war in Yemen, the economy, Vision 2030, and Saudi Aramco's planned IPO.
