Mohammed bin Salman

Saudi Arabia has put a second four-percent chunk of shares of the Aramco oil giant, worth tens of billions of dollars, under the control of the country's sovereign wealth fund, state media said Sunday.    

The chairman of Saudi National Bank, the main shareholder of troubled lender Credit Suisse which was bought out this month, has resigned, a statement said yesterday.

The Saudi bank's board of directors "accepted the resignation" of Ammar AlKhudairy "due to personal reasons," said the statement published on the Saudi stock exchange.

Saudi Arabia announced on March 12 the creation of a new national airline, part of a plan to turn Riyadh into a global aviation hub rivalling regional leaders like Dubai and Doha.

"Riyadh Air "aims to launch flights to more than 100 destinations around the world by 2030," the official Saudi Press Agency (SPA) reported.

Saudi Arabia plans to use its own uranium resources to develop the kingdom's civilian nuclear programme, its energy minister has said.

The world's biggest oil exporter is trying to reduce its dependence on crude and announced in 2018 a plan to build 16 nuclear reactors over two decades. 

International Institute for Middle East and Balkan Studies (IFIMES) from Ljubljana, Slovenia, regularly analyses developments in the Middle East, the Balkans and around the world. T-Fai Yeung, researcher at the Global Studies Institute Hong Kong, prepared analysis entitled "President Biden's Visit to Saudi Arabia: Saudi-US Relations in Freefall

President Recep Tayyip Erdoğan and King Salman of Saudi Arabia exchanged a phone conversation late July 13, the presidential communication office has announced.

"President Erdoğan and King Salman bin Abdulaziz exchanged Eid al-Adha greetings. Bilateral relations and regional issues were also discussed during the call," read the brief statement by the Communication Directorate.

Saudi Arabia has announced it was disbursing billions of dollars directly to citizens to ease the effects of inflation amid growing online expressions of frustration over rising prices.    

Main opposition Republican People's Party leader Kemal Kılıçdaroğlu has vowed that if his party comes to power in the upcoming elections, they will reopen the case of Jamal Khashoggi, a dissident Saudi journalist who was killed on the premises of the Saudi Arabia's General Consulate in Istanbul, which was transferred to Saudi legal institutions.

Türkiye's exports to Saudi Arabia can increase to a total of $10 billion annually with the normalization of relations between the two countries, a leading business representative has said.

Türkiye and Saudi Arabia on June 22 declared their determination to start a "new era of cooperation" during a visit by Saudi Crown Prince Mohammed bin Salman, as they set aside years of acrimony following the brutal slaying of a Saudi columnist.