According to industry analysts, the ongoing purge in Saudi Arabia is likely to have little immediate impact on oil prices since the Crown Prince is committed to maintaining a continuance to existing policies, including cutting down the glut in the… Read More ›
The PIF is of strategic nature for Saudi Arabia since it is part of its economic reform plan. The fund aims to invest in educational and medical projects and create 20,000 jobs in the next two years. On Tuesday, the… Read More ›
With its Vision 2030 plan, Saudi Arabia is inviting domestic and foreign investors to invest in its economy as it tries to diversify and wean itself away from an oil-based economy. As per a presentation made by senior officials at… Read More ›
U.S. President Donald Trump has accused Qatar of supporting terrorism. Although on the one hand, U.S. President Donald Trump criticised Qatar with supporting terrorism, on Wednesday, Qatar’s Ministry of Defence announced it had signed a $12 billion deal with the… Read More ›
A split in between the members of the Gulf Cooperation Council will have serious repercussions around the Middle East. In an unprecedented development, the United Arab Emirates, Saudi Arabia, Bahrain and Egypt have accused Qatar of supporting terrorism and have… Read More ›
The Labour Party is fast catching up with May’s Conservative party. Resuming his election campaign after the London terror attacks, Jeremy Corbyn, Britain’s opposition leader, has stated Britain will need to have “difficult conversations” with Saudi Arabia and other Gulf… Read More ›
The sale of high-tech weapons and ammunitions to an indiscriminate ally has been one of the reasons based on which a similar sale of weapons to Riyadh had been blocked by the previous U.S. Administration. With the U.S. Senate Foreign… Read More ›
The Washington Post has reported that U.S. President Donald Trump shared intelligence with Russians without first consulting the source who supplied that piece of intelligence thus endangering intelligence sharing ties amongst U.S. allies. Reuters has reported that U.S President Donald… Read More ›
Oil-exports-dependent Saudi Arabia is pushing to diversify its economy. With German Chancellor Angela Merkel’s visit to the country, Saudi Arabia has let it be known that it wants to partner German companies, including, Siemens and SAP, to further the kingdom’s… Read More ›
Projects with high social welfare and business justifications are unlikely to see a funding cut. While investors in the U.S. are pouring in funds into shale oil, the Saudi government is looking into ways to recoup its investments, running into… Read More ›
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