Saudi Arabia’s state grain buyer, the Saudi Arabian Grains Organization (SAGO), said on Thursday it would start accepting applications for qualification of potential investors interested in the sale of its four mills on Aug. 26 as the push toward privatization continues.
Saudi Arabia will hear news regarding its inclusion into MSCI, Inc.'s highly sought-after emerging market index, expanding the asset class by as much as $600 billion for the Kingdom.
Saudi Arabia's Crown Prince Mohammed bin Salman watched the match alongside of Russia's President Vladimir Putin, and video images of the two leaders reacting to the match have gone viral on social media sites.
Saudi Arabia's Public Investment Fund-backed mortgage company, the Saudi Real Estate Refinance Company (SRC), plans to roll out new funding soon to the Kingdom’s lenders to boost home ownership in Saudi Arabia, according to a report.
The latest monthly edition of the Saudi Chartbook published by Jadwa Investment finds positive indicators for the Saudi economy as growth picks up in the Kingdom.
The $13.3 billion month-on-month increase in reserves to $498.9 billion in April is the highest level reached in over year and reveals "the extent to which a rebound in oil prices is strengthening the kingdom’s finances."
The price of oil reached $80 on the Brent Crude Index this week for the first time in three years, prompting Saudi Arabia's powerful Minister of Energy Khalid Al-Falih to tweet a message urging coordinated action to allay supply "anxiety," according to reports.
Ramadan officially begins in Saudi Arabia Thursday, as millions of Muslims in the Kingdom and around the world prepare for a month of fasting, which is intended to bring Muslims closer to Allah and remind them of those less fortunate.
97 percent of young Saudis consider Crown Prince Mohammed bin Salman a strong leader, and 90 percent say he will move the country in the right direction.
Four Saudi officers were shot dead and four others wounded Thursday when their checkpoint came under gunfire in southern Asir province, according to reports citing information from the Saudi Press Agency and Saudi Arabia's interior ministry.
