Saudi Arabia unveiled its 2017 budget last week with a budgeted SR890b ($237.2b) in spending, which is a SR50b ($13.3b) increase over the 2016 budget of SR840b ($223.8b).
Saudi Arabia's Energy Minister Khalid al-Falih said that Saudi Arabia plans to boost the capital of the Saudi Industrial Development Fund (SIDF) by SAR6bn ($1.6bn) to help finance the kingdom’s entry into new industries.
Shamoon's "surprise comeback" was a strikingly similar version of the malware from four years ago. Several government agencies were targeted in attacks that came from outside the kingdom.
In a 4-page essay entitled, "It's High Time Women Started Driving Their Cars," billionaire businessman Prince Alwaleed bin Talal urges an end to the debate about women's driving in Saudi Arabia.
Saudi Arabia's government has begun injecting large amounts of money into the economy, which could boost growth at the end of this year after a sharp slowdown due to low oil prices, central bank data showed on Monday.
Saudi Arabia has reportedly made good on $10.7 billion that it owed to private sector companies, according to Arab News, but one construction firm said on Monday that it wrote directly to the Deputy Crown Prince warning it may need to cease operations.
A University of Wisconsin-Stout student from Saudi Arabia died one day after being assaulted on a street in downtown Menomonie, Wis., about 70 miles east of Minneapolis, according to reports.
Saudi Arabia has replaced its Minister of Finance, Dr. Ibrahim Al-Assaf, with the head of the Kingdom’s capital markets regulator Mohammed Al-Jadaan in the latest move toward a younger generation of technocratic leaders in high positions.
US Customs and Border Protection (CBP) facilities are being set up at both airports to process US-bound passengers’ arrival documents before landing in the US.
Several high-ranking officials and Ministers in Saudi Arabia discussed the state of the Kingdom's economy on a popular television show last week, according to Bloomberg.
