Crown Prince Mohammed bin Salman continued his active visit to the United States yesterday, attending a business meeting in New York with over 200 executives, and later meeting with the Secretary General of the United Nations, Antonio Guterres.
Two separate reports from Bloomberg confirm that Saudi officials are eying meetings with major banking houses and technology giants during the Crown Prince's nearly three-week long visit to the United States.
Steadily climbing oil prices over the past year may help increase cash in Saudi Arabia's massive Public Investment Fund (PIF), according to comments by Mohammed Al Tuwaijri, the kingdom’s minister of economy and planning.
Saudi Arabia's Crown Prince Mohammed bin Salman is seeking to reassure the business community following the Kingdom's crackdown on corruption, which netted over $100 billion for the Saudi government from alleged impropriety.
The average Saudi household will be sheltered from tough economic reforms by new royal grants and household allowance disbursements, a report on the Saudi economy by Bank of America Merrill Lynch (BofAML) said.
At a cost of $533 million, the Kingdom hopes to quickly bring on-line new water supplies to satisfy surging demand and “improve the quality of water services” in Saudi Arabia.
The palatial Ritz-Carlton in Riyadh may re-open in mid-February 2018 after it served as a makeshift detainment center for Saudi elites accused of corruption charges.
Saudi Arabia announced that it will lower the required minimum assets under management for qualified foreign institutions starting this month, according to Bloomberg and a statement by the Saudi Capital Markets Authority (CMA).
The Saudi Ministry of Culture and Information (MoCI) launched an official and certified account for Saudi cinema on Twitter yesterday and used its first tweet to proclaim the return of Saudi cinema.
