The country hopes to double the number of tourists by 2020 from the 8 million expected this year.
Read More »Oil Hits Highest Since Mid-2015 as OPEC Sticks to Supply Deal
Saudi Arabia and Russia are considering extending the agreement to potentially cover all of next year.
Read More »Saudi Arabia Needs Oil to Trade at US$70 a Barrel in 2018 to Break Even
Oil will trade at $50 to $60 a barrel for the ``medium term.`` the IMF said.
Read More »Bahrain Minister Calls for Freezing Qatar`s GCC Membership
Bahrain will not attend the upcoming GCC summit if Qatar takes part.
Read More »The Qatar Blockade Could Cause a Regional Recession
Saudi Arabia is on course with a Saudization policy that aims to reduce its reliance on immigrant labor in the public and private sector.
Read More »At Riyadh Jamboree. Saudis may Struggle to Lure Foreign Funds in Recession
Austerity helped push the economy into recession in the second quarter of 2017.
Read More »Saudi Aramco CEO: IPO Has Never Been Linked to Oil Market
Aramco’s petrochemicals output is about 30 million tonnes a year from plants it owns and joint ventures in Saudi Arabia and abroad.
Read More »Russia Cements Top Spot in Crude Sales to China as Saudis Recede
The Asian nation’s imports of Russian crude jumped 61% to a record 6.35 million metric tons in September from a year earlier.
Read More »Saudis Set $500 Billion Plan to Develop Zone Linked with Jordan and Egypt
Saudi Arabia will need huge financial and technical resources to build NEOM on the scale it envisages.
Read More »Saudi Firms Eyeing Solar to Blunt Rising Power Price Risk
Saudi set a record on October 3 in its first solar tender.
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