President Obama’s recently concluded visit to Riyadh – his second as President – comes at a pivotal time in U.S.-Saudi relations. With the ongoing conflict in Syria and Iran’s nuclear program the big topics discussed between the two leaders, the … Continue reading →
The U.S. Energy Department said imports from OPEC increased year-on-year, with Saudi Arabia accounting for the bulk of additional oil. While oil production from the United States has increased, the data show the global market is still interconnected.
Life in Saudi Arabia
“Penguin dance,” or “raqsat al-batriq” in Arabic, is sweeping school playgrounds, wedding parties and rug-draped living rooms of Saudi Arabia, Saudis say, and videos posted online attest. Saudis share videos of themselves—the men in white robes called thobes; and, dancing … Continue reading →
Bank lending to the private sector posted another healthy rise in February. At the same time, bank holdings of Treasury bills hit an all-time high of SR194 billion. With large excess deposits at SAMA, there is still plenty of scope … Continue reading →