According to a Bloomberg report, Saudi banks are making it difficult for startups get off the ground by decreasing loans to entrepreneurs, despite the fact that these loans are backed by a government SME Loan Guarantee Program.
After a rough second half of 2014, Saudi Arabia's stock market, the Tadawul or TASI, is up 11.2 percent this year as Reuters, in a recent survey, noted that funds are seen as increasingly bullish on Saudi Arabian equities.
At the Global Islamic Conference that brought together scholars in Mecca, Prince Khaled Al-Faisal read a speech on behalf of King Salman in which the monarch urged the defeat of extremism and noted, "Terrorists do not at all represent Islam."
Military officials from 26 nations descended on Saudi Arabia this week for a two-day meeting to discuss joint efforts to combat the self-styled Islamic State extremist group, or Daesh, in Iraq and Syria, according to the Saudi Press Agency.
A recently released note by Riyadh-based Jadwa Investment predicts strong growth in consumer spending on the back of recent spending announced in Royal Decrees.
Gulf-based analyst says that Saudi Arabia's political transition from King Abdullah to King Salman "went very smoothly," and noted, "I think that’s very good news."
Recently released figures from Saudi Arabia’s Central Department of Statistics show that Saudi women have a long way to go in achieving equality in the workforce in the Kingdom, a longstanding challenge with economic and social facets facing Saudi Arabia’s new King Salman bin Abdulaziz al Saud and L
According to new U.S. Government data analyzed by the National U.S.-Arab Chamber of Commerce (NUSACC), exports of U.S. goods to the Middle East and North Africa (MENA) region set a new record in 2014, surpassing $71 billion for the first time ever, the NUSACC said in a press release.
Upon King Abdullah's passing, then Crown Prince Salman became Saudi Arabia's first King to use social media publicly - and he even changed his handle on Twitter to @KingSalman.
