Tag: saudi arabia

Saudi Arabia arrests princes, ministers in sweeping purge

News Desk
Saudi Arabia arrests princes, ministers in sweeping purge

Saudi Arabia arrested 11 princes, including a prominent billionaire, and dozens of current and former ministers, reports said, in a sweeping crackdown as the kingdom’s young crown prince consolidates power. Separately, the head of the Saudi National Guard, once a leading contender to the throne, as well as the navy chief and the economy minister were replaced in a series of high-profile sackings that sent shock waves in the kingdom. The crackdown was reported immediately after a new anti-corruption commission, headed by powerful Crown Prince Mohammed bin Salman, was established…

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US approves sale of $15bn missile system to S. Arabia

News Desk
US Sale $15bn missile system to Saudi Arabia

WASHINGTON: The US State Department has approved the sale of an anti-missile defence system to Saudi Arabia at an estimated cost of $15 billion to enhance the kingdom’s military capabilities, the Pentagon announced. The approval opens the way for Saudi Arabia to purchase 44 Terminal High Altitude Area Defence (Thaad) launchers and 360 missiles, as well as fire control stations and radars. This sale, valued at up to $15 billion, is part of the $110 Billion package of defence equipment and services initially announced during President Donald Trump’s visit to…

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رواں سال سعودی عرب کی معاشی ترقی کی رفتار صفر رہے گی، آئی ایم ایف

News Desk
Saudi Arabia

ریاض (این این آئی) آئی ایم ایف نے اپنی ایک رپورٹ میں کہا ہے کہ رواں سال سعودی عرب کی معاشی ترقی کی رفتار صفر رہے گی، بیروزگاری کی شرح میں اضافہ ہوا ہے، معیشت بدستور عدم استحکام کا شکار ہے جبکہ معاشی اصلاحات کے باوجود سعودی عرب کو ابھی کئی سخت برسوں کا سامنا کرنا پڑ سکتا ہے۔میڈیا رپورٹس کے مطابق سعودی عرب میں معاشی اصلاحات کے باوجودرواں سال بیروزگاری کی شرح میں اضافہ ہوا جبکہ معیشت بدستور عدم استحکام کا شکار ہے ۔عالمی مالیاتی ادارہ آئی ایم ایف…

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Interesting Development in ME: Al-Sadr meets Bin Salman

News Desk

JEDDAH: Saudi Crown Prince Mohammed bin Salman met on Sunday with Iraq’s influential Shiite leader Moqtada Al-Sadr, who is on a rare visit to the Kingdom. Crown Prince Mohammed received Al-Sadr at his office in Jeddah and the two “reviewed Saudi-Iraqi relations and a number of issues of mutual interest,” said the Saudi Press Agency (SPA). Al-Sadr was met at the King Abdulaziz International Airport in Jeddah by Thamer Al-Sabhan, the kingdom’s former ambassador to Iraq and its first to be assigned to Baghdad after a 25-year break. Al-Sabhan was…

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