Saudi Arabia Future Plans

From a holographic lion to talking robots and flying taxis, Saudi Arabia has dazzled investors with plans for hi-tech "giga projects" -- but sceptics question their viability in an era of cheap oil.

Ever since oil was discovered in the Arabian desert in 1938, Saudi Arabia has been the world's premier petro-state and the dominant force within the Organization of the Petroleum Exporting Countries.

Apple Inc has held talks to invest up to $1 billion in a new $100-billion tech fund being set up by Japan's SoftBank Group Corp, a source familiar with the matter told Reuters on Monday. SoftBank is investing at least $25 billion in the fund and has been in talks with Saudi Arabia's Public Investment Fund (PIF) for an investment that could go up...

Reforms promised by a young Saudi prince are couched in references to the kingdom's Islamic tradition but include ideas likely to upset some conservatives, risking future ruptures over the direction of society.

U.S. crude futures rose as much as 3 percent in early Asian trade on Thursday after Iran backed plans by Russia and Saudi Arabia to cap crude oil production at January levels, extending steep gains in the previous session.

From a holographic lion to talking robots and flying taxis, Saudi Arabia has dazzled investors with plans for hi-tech "giga projects" -- but sceptics question their viability in an era of cheap oil.

Ever since oil was discovered in the Arabian desert in 1938, Saudi Arabia has been the world's premier petro-state and the dominant force within the Organization of the Petroleum Exporting Countries.

Apple Inc has held talks to invest up to $1 billion in a new $100-billion tech fund being set up by Japan's SoftBank Group Corp, a source familiar with the matter told Reuters on Monday. SoftBank is investing at least $25 billion in the fund and has been in talks with Saudi Arabia's Public Investment Fund (PIF) for an investment that could go up...

Reforms promised by a young Saudi prince are couched in references to the kingdom's Islamic tradition but include ideas likely to upset some conservatives, risking future ruptures over the direction of society.

U.S. crude futures rose as much as 3 percent in early Asian trade on Thursday after Iran backed plans by Russia and Saudi Arabia to cap crude oil production at January levels, extending steep gains in the previous session.