Crown Prince Mohammed bin Salman hopes to use the oil wealth to pivot the kingdom off oil sales, through projects such as his planned $500 billion futuristic desert city, called Neom. But lower oil ...

While focusing on its hierarchical system, Saudi Arabia, led by Crown Prince Mohammed bin Salman, is scaling back some of its grand initiatives, such as the $500 billion Neom City, due to possible ...

Energy giant Saudi Aramco reported a 15 percent year-on-year drop in third quarter profit on Tuesday, citing prices which ...

Energy giant Saudi Aramco reported a 15 percent year-on-year drop in third quarter profit on Tuesday, citing low oil prices.