Interest in film and cinema in Saudi Arabia is growing. Although movie theaters are banned in the Kingdom, Saudi citizens rank among the most active YouTube viewers in the world. The purpose of the film festival is to give a platform and audience to support the Saudi Arabia’s budding film industry.
America’s relationship with Saudi Arabia during the Obama Administration over the last seven years has been challenged by a war-weary American public and a President who is cautious about the use of military force and resistant to what he has termed the ‘Washington playbook.’
The decision to support Saudi Arabia came after two days of meetings in March 2015 between then-Ambassador to the United States Adel Al-Jubeir and top officials in the Obama administration at the White House.
Saudi Arabia will honor its contracts with French defense companies for $3 billion in arms previously bound for Lebanon as military aid, but will keep the equipment for its own army, foreign minister Adel Al-Jubeir said.
In a recently released report by Jadwa Investment on inflation in the Saudi economy, the Riyadh-based firm found that inflation in Saudi Arabia had reached a new 5-year high as a result of recent energy price reforms that have increased domestic energy costs.
Saudi Arabia's Manifa offshore oil field is a huge development just off of Saudi Arabia's northeast coast. The field exists in harmony with large underwater areas where wildlife and coral reefs are thriving, and is the size of Manhattan.
Saudi Arabia was the second largest arms importer in the world between 2011 and 2015, and the U.S. was the world’s largest exporter during the same period, according to a comprehensive annual report report on arms transfers between states by the Stockholm International Peace Research Institute.