Saudi Arabia said on Tuesday it plans to showcase the arts and grow its media industry to counter negative stereotypes of the kingdom, whose rights record is regularly criticized abroad.
The Saudi cabinet has approved a major plan to diversify the national economy away from oil and aiming to generate 450,000 non-government jobs by 2020.
Saudi officials have finalized a detailed plan to diversify the kingdom's economy away from oil and have sent it for cabinet approval, official media said on Monday.
There are office printers that spit out documents and others that always seem to jam. And then there those that make the office itself.
The economic slowdown gripping countries across the Persian Gulf can be seen in layoffs, slowed construction projects and government cutbacks. For the millions of foreign workers drawn by brighter job prospects, it can have a far-darker side if they find themselves deep in debt.
Iran's foreign minister kicked off an EU trade drive in Poland on Sunday, in one of Tehran's first moves to drum up business with the West after the lifting of sanctions earlier this year.
An Emirati man in traditional robes watches an LED light show on the Burj Khalifa, the world's tallest building, in Dubai, United Arab Emirates on Sunday, May 29.
OPEC member Kuwait has earmarked 34.5 billion dinars (US$115 billion) to spend on oil projects over the next five years, despite the slump in oil prices, a senior executive said Sunday.
A bid by a group of Gulf investors to purchase a majority stake of Kuwait's top food company and a regional leader, Americana, has failed, an official statement said Sunday.
India agreed Monday to finance the development of an Iranian port as a trading hub, as Prime Minister Narendra Modi sought to revive economic ties with Tehran after the lifting of sanctions.