Saudi Aramco, the kingdom’s state-owned oil behemoth, took 100% control of the sprawling Port Arthur refinery in Texas on Monday, completing a deal that was first announced last year.
Last year, steep declines in Chinese stocks were periodically followed by dramatic, if less severe, declines in U.S. and European stocks.
On 2016’s first day of trading, it’s more of the same.
Saudi Arabia cut ties with Iran on Sunday, responding to the storming of its embassy in Tehran in an escalating row between the rival Middle East powers over Riyadh’s execution of a Shi’ite Muslim cleric.
Saudi Arabia’s aspirations are rising to dizzying new heights as the country finalizes plans to construct the world’s tallest building — one that will shadow the United Arab Emirates’ current record holder, the Burj Khalifa Tower in Dubai, by 565 feet.
Women in Saudi Arabia began registering to vote this week for the first time in the nation’s history. But the roadblocks to voting they still face are a reminder of how much progress the country has yet to make on gender equality.
Saudi Arabia bombed the northern stronghold of Yemen’s Shiite rebels and key military installations on Friday, the second day of a campaign that military officials said was aimed at neutralizing air defenses ahead of a possible ground invasion.