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Saudi Arabia has announced Tuesday a 12-per cent cut in its defense and military 2019 budget in a move that hints at a gradual withdrawal of the kingdom from the Yemen war where it is leading an international coalition. The Read more
Saudi Arabia’s Red Sea Development Company has unveiled its tourism master plan, which seeks to create 70,000 jobs in the sector and contribute $5.86 billion to the kingdom’s GDP. The company CEO John Pagano and his team presented the master Read more
Tim Draper, one of US and global venture capitalists has signed a Memorandum of Understanding (MoU) with the Saudi Venture Capital Company for the establishment of a joint capital investment fund. The future fund will be used to finance SMEs Read more
The Kingdom of Saudi Arabia (KSA) Sunday tossed to the bin the Turkey’s demand for the extradition of two top Saudi officials connected to the killing of Saudi dissent journalist Jamal Khashoggi on Oct. 02 after he entered the Saudi Read more
Hakan Fidan, Head of Turkey’s National Intelligence Organization (MİT) has briefed members of the US senate about the murder of Saudi journalist Jamal Khashoggi killed on Oct.02 in the Saudi consulate in Istanbul by a hit-man squad dispatched from Saudi Read more
Saudi Electricity Company (SEC), the largest electricity company in the Arab world, inked Thursday a deal for a $2.15-billion revolving credit facility with eight international financial institutions that have agreed to support the utility company expand its public work. The Read more
The Saudi Public Investment Fund (PIF) has unveiled its flagship sustainable tourism development project, Wadi Al Disah Development, within the Prince Mohammed bin Salman Natural Reserve, southwest of Tabuk region. Wadi Al Disah (valley of palm trees in Arabic), will Read more
Syndicates and rights activists took to the street Monday and Tuesday to protest the visit of the Saudi Crown Prince Mohamed bin Salman (MbS) marred in the controversy surrounding the assassination of his critic Jamal Khashoggi in the Saudi consulate Read more
Turkey late Tuesday said it could call for a formal United Nations probe into the killing of Saudi journalist and dissident Jamal Khashoggi as it complains about Saudi Arabia’s cooperation in efforts to shed light on the crime that drew Read more
The Saudi Transport Ministry has unveiled 23 projects for the improvement of road safety on the kingdom’s roads for a cost of $585 million. The 23 projects will be implemented in multiple phases. The first phase will involve eight projects Read more