Members of the Terrorist Financing Targeting Center (TFTC), a 2017-created body co-chaired by the U.S. and Saudi Arabia to fight terrorist financing, jointly designated six targets affiliated with the Islamic State of Iraq and Syria (ISIS), according to the U.S. Treasury Department.
Saudi Arabia is seeking to "double the size and population" of its capital Riyadh in the next decade, Reuters reports, citing comments from Fahd Al-Rasheed, president of Riyadh’s royal commission.
After weeks in lockdown with access to stores and malls restricted, Saudi shoppers found themselves under a time crunch to hunt for deals ahead of a planned increase in the Kingdom's Value Added Tax (VAT) on July 1.
New York-based online Islamic investment platform Wahed Invest has secured backing from Saudi Aramco, the world’s biggest company, to expand into the Middle East and make Riyadh its hub for the region, according to Bloomberg.
Saudi Arabia's Public Investment Fund (PIF) invested in two Canadian energy companies in the first quarter of 2020, expanding its holdings in the sector likely at lower-than-usual valuations as oil prices hit cyclical lows this year.
Forces from the United States and Saudi Arabia are conducting "routine and joint sustainment training" on and around Karan and Kurayn islands, Kingdom of Saudi Arabia this week, according to a statement from the U.S. Naval Forces Central Command.
