Saudi Arabia's central bank, the Saudi Arabian Monetary Authority (SAMA), is introducing an open banking policy to advance digital innovation in the financial services sector, the body announced this week.
Saudi Arabia's energy minister Prince Abdulaziz bin Salman called this week's surprise oil output cut for February and March a "wonderful present" for the oil industry and will affect both domestic sales and exports, and said that the choice for a cut was commercial and not political.
Saudi Arabia’s Ambassador to the United States Princess Reema bint Bandar penned an open letter for Vogue Arabia discussing the progress made and path forward for Saudi Arabia’s women, noting that women in the Kingdom are cracking the glass ceiling.
Saudi Aramco and Amsterdam-based Shell & AMG Recycling B.V. signed a memorandum of understanding this week to "evaluate the feasibility of creating a venture in support of Saudi Arabia’s vision to maximize value from its vast natural resources," the companies said in a press release this week.
