Saudi Arabia's stock exchange, the Tadawul, is in talks to recast its small-cap market, called Nomu, as a hub for the Middle East’s burgeoning startup industry," people familiar with the matter told Bloomberg.
Saudi Arabia's King Salman issued a royal decree appointing Fahad bin Abdulrahman bin Dahes Al-Jalajel as the new health minister, replacing the long-serving Dr. Tawfiq bin Fawzan bin Mohammed Al-Rabiah, according to the Saudi Press Agency.
The U.S. State Department joined a chorus of other nations in condemning Friday's attack by the Iran-backed Houthi group on King Abdullah Airport in Jazan, Saudi Arabia that wounded 10.
Saudi Arabia's ACWA Power International, one of the Kingdom's main vehicles for building renewable energy projects, has set the offer price for its IPO at the top of a range, Bloomberg reports.
After the U.S. withdrawal of most of its advanced missile defense systems and Patriot batteries from Saudi Arabia in recent weeks, the Kingdom has turned to Greece to supply a Patriot battery and manpower to operate it, according to reports.
