Saudi Arabia's Ministry of Justice is planning to launch an alimony fund similar to the United Kingdom's Child Maintenance Service in an attempt to "empower mothers and provide sustainable living and support, for them and their children," the Ministry said in a press release.
Saudi Arabia is delaying the IPO of the Tadawul, the Kingdom's stock exchange, "on hopes that a potential MSCI Inc. upgrade could boost its value," according to Bloomberg which cited people with knowledge of the matter.
Saudi Arabia beat out regional rival Qatar's first bond issuance since the Gulf crisis began with its own "surprise" $11 billion raise, which drew $52 billion of orders this week, according to reports.
Crown Prince Mohammed bin Salman visited Harvard University and MIT in Boston, Massachusetts over the weekend to tour two of America's premiere higher education campuses and talk about the importance of research and entrepreneurship to Vision 2030.
The State Department approved a possible sale of $670 million in TOW 2B (BGM-71F-Series) missiles to Saudi Arabia, according to a release from the Defense Security Cooperation Agency (DSCA).
Saudi Arabia's Crown Prince Mohammed bin Salman arrived in Washington, D.C. last night and will kick off a two week, multi-city U.S. tour with a meeting today at the White House.
Saudi Arabia is "the hottest emerging market" right now as investors appear to be shrugging off concerns surrounding last year's crackdown on corruption and with optimism surrounding Vision 2030's economic and social reforms now coming into effect, CNN Money reports.
Saudi Arabia and the United Kingdom re-affirmed bi-lateral trade and investment ties on the second day of Crown Prince Mohammed bin Salman's visit in London with billions in deals eyed in the coming years.
Saudi Arabia's Crown Prince Mohammed bin Salman will begin a weeks long international tour with a three day visit to Egypt, according to a Reuters report citing confirmation from the office of Egypt's president Abdel Fattah Al-Sisi.
