Saudi Arabia and Pakistan Carry Out Joint Naval Training

A joint naval training of the Royal Saudi Navy and the Pakistan Navy, ‘Sea Breeze-11’ and ‘Coastal Shield-4’, was underway in the Arabian Gulf waters…

Russia and Saudi Arabia Put Aside Differences to Forge Energy Pact

It was below minus 30C in the Arctic Circle but the delegations from Saudi Arabia and Russia tossed aside their gloves for a friendly handshake,…

Saudi Business Gauge Falls to Record Low as Economy Hit by VAT

A measure of business activity in Saudi Arabia’s non-oil economy dropped sharply to a record low in January, as the implementation of a new value-added…

Saudi Crown Prince’s UK Visit will Throw Spotlight on Ties and Tensions

The powerful Saudi crown prince, Mohammed bin Salman, is set to meet senior royals on a visit to London this month that will give him…

Saudi Arabia Rakes in $107 Billion From Corruption Suspects

Saudi Arabia says it has already recovered more than 400 billion riyals ($107 billion) from people arrested in a crackdown into alleged corruption. Most suspects…

The Dark Underside of Saudi Arabia the Crown Prince is Loath to Change

ONE VIEW of Saudi Arabia was on display at the just-completed World Economic Forum in Davos, Switzerland, where the kingdom sought to reassure investors and show off…

Saudi Arabia is Handing Out Cash Recovered from Detainees

Saudi Arabia is using cash recovered from officials and princes arrested in a corruption crackdown to ease the pain of austerity. The kingdom says it…

Forget Oil, ‘Human Capital is the New Currency’ for Saudi Arabia

Saudi Arabia‘s modernizing reforms show human capital is the new currency for the Arab kingdom, a member of the royal family said Thursday. During a…

Saudi Arabia Arrests 11 Princes Protesting Cuts to Perks

Saudi Arabia said on Saturday that it had arrested a group of 11 princes who held a rare demonstration at a royal palace after the…

Saudi Arabia, UAE Introduce VAT in Push to Boost Revenue

Saudi Arabia and the United Arab Emirates, once seen as the Gulf’s leading tax havens, have imposed a 5 percent value-added tax on goods and…

Saudi Arabia Releases Detainees Held in Corruption Probe

Saudi Arabia’s authorities have released a number of detained royals allegedly involved in corruption in public office. The move came after a settlement was agreed…

Saudi Arabia Announced its Largest Budget Ever

Saudi Arabia announced on Tuesday that it will spend 978 billion riyals ($261 billion) in 2018, its largest-ever budget. Effective spending will be the real…