Saudi Arabia

Why Saudi Arabia needs missile program

According to satellite imagery reported on by The Washington Post, Saudi Arabia is building its first factory to produce ballistic missiles. As Lobelog writes in an article " …

Saudi Arabia to spend $27 bln on industrial strategy

Saudi Arabia's government  plans to spend 100 billion riyals ($27 billion) in 2019 and 2020 as part of a new industrial strategy aimed at weaning the kingdom off oil income, creating jobs, and attracting as much as 1.6 trillion riyals in …

Riyadh and Abu Dhabi collaborate on new cryptocurrency

Saudi Arabia and the United Arab Emirates have announced an agreement to cooperate on the creation of a cryptocurrency, Emirate News Agency reported. The Executive Committee of the Saudi-Emirati Coordination Council has held a meeting …

More than 40,000 licenses issued for Saudi women

More than 40 thousands women in Saudi Arabia have received their licenses since the driving ban was lifted, according to the Kingdom’s General Director of Traffic. So far there have been 40,000 licenses issued since the ban …

Saudi Arabia sells more than $7 billion in bonds

Saudi Arabia sold $7.5 billion in bonds Wednesday, drawing support from international investors in the kingdom’s first debt sale since the killing of journalist Jamal Khashoggi, The Wall Street Journal reported. …