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Saudi Arabia to spend billions on Western-style entertainment
Saudi Arabia announced plans on Thursday to spend billions on building new venues and flying in Western acts, in a total overhaul of its entertainment sector that would have been unthinkable not long ago. Long known for its ultra-conservative mores, the kingdom has embarked on a wide-ranging programme of social and economic reforms driven by
Saudi Arabia seeks to further reduce oil stockpiles
Saudi Arabia said on Wednesday it will further trim oil production and exports next month to reduce excess stockpiles that have weighed on crude prices, as concerns mount over US oversupply. Saudi Aramco’s crude output in March will be 100,000 barrels per day (bpd) below its February level while exports will be kept below seven