Oil-dependent Economy

As Crown Prince Mohammed bin Salman races to diversify Saudi Arabia's oil-dependent economy, the $620 billion PIF - which he chairs - is taking center stage

Shortly after US President Donald Trump announced in May he would reimpose sanctions on Iran, the State Department began telling countries around the world the clock was ticking for them to cut oil purchases from the Islamic Republic to zero. The strategy is meant to cripple Iran's oil-dependent economy and force Tehran to quash not only its nuclea...

In a country where cinemas are banned and even Starbucks are segregated by gender, a powerful young prince is pushing a plan to create jobs for women and a more integrated and satisfying social life for a youthful population long straitjacketed by oppressive cultural norms.

A seven-fold hike in visa fees to do business in Saudi Arabia risks deterring the foreign investment needed to transform its oil-dependent economy, diplomats and other sources say.

President Vladimir Putin on Thursday lamented the latest round of U.S. sanctions against Russia, saying they will stalemate bilateral relations and hurt not only Russian but also American businesses.

As Crown Prince Mohammed bin Salman races to diversify Saudi Arabia's oil-dependent economy, the $620 billion PIF - which he chairs - is taking center stage

Shortly after US President Donald Trump announced in May he would reimpose sanctions on Iran, the State Department began telling countries around the world the clock was ticking for them to cut oil purchases from the Islamic Republic to zero. The strategy is meant to cripple Iran's oil-dependent economy and force Tehran to quash not only its nuclea...

In a country where cinemas are banned and even Starbucks are segregated by gender, a powerful young prince is pushing a plan to create jobs for women and a more integrated and satisfying social life for a youthful population long straitjacketed by oppressive cultural norms.

A seven-fold hike in visa fees to do business in Saudi Arabia risks deterring the foreign investment needed to transform its oil-dependent economy, diplomats and other sources say.

President Vladimir Putin on Thursday lamented the latest round of U.S. sanctions against Russia, saying they will stalemate bilateral relations and hurt not only Russian but also American businesses.