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The International Monetary Fund has applauded Saudi Arabia’s economic reform program under Vision 2030 as being “an appropriately bold and far-reaching transformation of the Saudi Arabian economy.” IMF said ensuring the success of the long-delayed reforms announced last month will Read more
On Thursday, an Airbus A320 of EgyptAir flying from Paris to Cairo, with 66 people onboard, including 10 crewmembers, disappeared from the radar while in Egyptian airspace. The circumstances surrounding its disappearance are yet unknown because it didn’t send out Read more
The Iranian parliament has requested that the government should demand for compensation from the US for its “hostile actions and crimes” towards the country for the past 63 years. The law voted by the parliament on Tuesday accused the US Read more
Over the weekend, credit rating company Moody’s downgraded Saudi Arabia by a notch from Aa3 to A1 citing that “a combination of lower growth, higher debt levels and smaller domestic and external buffers leave the Kingdom less well positioned to Read more
The visit of King Mohammed VI to China, beyond its political and economic goals, confirms, once again, the Moroccan Sovereign’s new diplomacy, which is dynamic, resilient and proactive and which takes into account regional and international changes and challenges. According Read more
KSA Rejects Iran’s Claims it Prevents Iranians from Hajj In reaction to Iran’s claims that Saudi Arabia had “a cold and inappropriate” attitude during Hajj arrangement talks, the Saudi Ministry of Hajj and Umrah issued a statement explaining that all Read more
A cabinet reshuffle by King Salman has led to the merging of several ministries in the oil rich kingdom and the new arrival of new ministers; the most noticeable being the appointment of a new oil minister, in the person Read more
“We don’t use monetary policy and we don’t use energy policy and we don’t use economic policy for political purposes. When we invest, we invest as investors. When we sell oil, we sell oil as traders.” The statement was made Read more
Saudi Arabia will embark on a broad reform plan meant to diversify the country’s economy beyond dependence on oil exports, state media reported on Monday. The plan, known as Saudi Arabia’s Vision 2030, was approved Monday by the Saudi cabinet. Read more
An offensive military operation by Yemeni, Saudi and Emirati forces on al-Qaeda militants in the south eastern provincial capital of Mukalla has left at least 800 members of the extremist group dead including “some of their leaders” according to a Read more