Saudi Economy

The Future Investment Initiative debuted in 2017 as a showcase for Crown Prince Mohammed bin Salman's dream of diversifying the economy of the world's largest crude exporter away from oil.

Saudi Arabia and Russia, the world's two biggest oil exporters, on Thursday called for all OPEC+ members to join an agreement on output cuts for the good of the global economy just days after a fractious meeting of the producers' club.

Trade, economy, defence, and cultural cooperation were the main topics of discussion between Prime Minister Narendra Modi and Saudi Arabia's Crown Prince Mohammed bin Salman Al Saud during the latter's State visit today.

Oil prices hit a 10-month high of nearly USD 90 per barrel as Saudi Arabia and Russia extended their voluntary production and export cuts until the end of the year.

Saudi Arabia is giving Yemen's presidential council $1.2 billion to help the country's struggling economy, a Saudi source told Reuters on Tuesday.

He said that it is high time we need to have awareness about startups, and entrepreneurs' contribution to the economy and the support that they need.

Saudi Arabia's Crown Prince Mohammed bin Salman has ordered exploring increasing the kingdom's assistance and investments in Pakistan, a step toward furthering relief to the South Asian nation economy reeling from deadly floods.

Tesla said on Wednesday that it expected to miss vehicle delivery targets for 2022, while displaying worries of reduced demand. The company's Q3 revenue missed Wall Street estimates, but Tesla CEO Elon Musk told analysts that there was excellent demand for the fourth quarter, while addressing concerns from investors over the weak global economy and...

Saudi Arabia recently announced the discovery of new sites for gold and copper ore deposits in the holy city of Medina.

India has made powerful efforts to grow its economy and emerge as a higher-income country, External Affairs Minister S Jaishankar has said, expressing hope that it will be the fastest growing major economy in the world this year with at least 7 per c

Oil rose $1 a barrel on Tuesday as tight supply moved back into focus as a result of Saudi Arabia floating the idea of OPEC+ output cuts to support prices and the prospect of a drop in US crude inventories.

Oil prices edged up on Tuesday, after Saudi Arabia warned that OPEC could cut output to correct a recent drop in oil futures.

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

Pakistan, which is grappling with an economic slump, has secured a "sizeable package" of around $8 billion from Saudi Arabia during the visit of Prime Minister Shehbaz Sharif, reported local media.

The request came after the US government was unable to persuade OPEC+ to pump more oil with major producers arguing the world was not short of crude

The Future Investment Initiative debuted in 2017 as a showcase for Crown Prince Mohammed bin Salman's dream of diversifying the economy of the world's largest crude exporter away from oil.

Saudi Arabia and Russia, the world's two biggest oil exporters, on Thursday called for all OPEC+ members to join an agreement on output cuts for the good of the global economy just days after a fractious meeting of the producers' club.

Trade, economy, defence, and cultural cooperation were the main topics of discussion between Prime Minister Narendra Modi and Saudi Arabia's Crown Prince Mohammed bin Salman Al Saud during the latter's State visit today.

Oil prices hit a 10-month high of nearly USD 90 per barrel as Saudi Arabia and Russia extended their voluntary production and export cuts until the end of the year.

Saudi Arabia is giving Yemen's presidential council $1.2 billion to help the country's struggling economy, a Saudi source told Reuters on Tuesday.

He said that it is high time we need to have awareness about startups, and entrepreneurs' contribution to the economy and the support that they need.

Saudi Arabia's Crown Prince Mohammed bin Salman has ordered exploring increasing the kingdom's assistance and investments in Pakistan, a step toward furthering relief to the South Asian nation economy reeling from deadly floods.

Tesla said on Wednesday that it expected to miss vehicle delivery targets for 2022, while displaying worries of reduced demand. The company's Q3 revenue missed Wall Street estimates, but Tesla CEO Elon Musk told analysts that there was excellent demand for the fourth quarter, while addressing concerns from investors over the weak global economy and...

Saudi Arabia recently announced the discovery of new sites for gold and copper ore deposits in the holy city of Medina.

India has made powerful efforts to grow its economy and emerge as a higher-income country, External Affairs Minister S Jaishankar has said, expressing hope that it will be the fastest growing major economy in the world this year with at least 7 per c

Oil rose $1 a barrel on Tuesday as tight supply moved back into focus as a result of Saudi Arabia floating the idea of OPEC+ output cuts to support prices and the prospect of a drop in US crude inventories.

Oil prices edged up on Tuesday, after Saudi Arabia warned that OPEC could cut output to correct a recent drop in oil futures.

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

Pakistan, which is grappling with an economic slump, has secured a "sizeable package" of around $8 billion from Saudi Arabia during the visit of Prime Minister Shehbaz Sharif, reported local media.

The request came after the US government was unable to persuade OPEC+ to pump more oil with major producers arguing the world was not short of crude