In an interview with France24 on YouTube, Saudi Arabia's foreign minister Adel Al-Jubeir discussed the ongoing Yemen peace talks in Geneva, the newly created Islamic Military Alliance and also responded to a question about Donald Trump's recent remarks regarding Muslims in America.
The oil-producing nations of OPEC convene in Vienna on Friday, exactly one year since Saudi Arabia took the lead on its strategy to ramp up output to drive out higher-cost producers and secure market share.
A new real $2.2 billion estate fund will drive ongoing construction at the Kingdom Tower Jeddah and the surrounding development, slated to become the world's tallest building upon its targeted completion in 2018.
Saudi Arabia's cabinet, in a meeting chaired by King Salman, imposed a 2.5 percent fee on undeveloped land within city limits intended for residential or commercial use, it announced in a statement on state media on Monday.
Consumers in Saudi Arabia are thus far feeling little effects of the fall in oil prices on the broader Saudi economy, Bloomberg reports, though the government is taking measures to curb spending and adjust its fiscal policy to new realities.
