The company, launched in May, is bankrolled by Saudi's powerful Public Investment Fund, which has played a key role in financing the kingdom's gigaprojects - major developments aimed at boosting and diversifying its oil-reliant economy.

Syria has begun the mammoth task of trying to rebuild its shattered economy, after over a decade of war saw tens of thousands killed, millions displaced and cities flattened. For decades, the country was also unable to secure significant investments due to layers of sanctions targeting its government.

The World Bank President expressed deep concern over the widening wealth gap, while calling for more action on gender equality and women's rights.

Riyadh, Saudi Arabia -- Saudi Arabia's Minister of Economy and Planning, Faisal F Alibrahim said Tuesday the Kingdom saw a remarkable 135 percent growth in exports and services in the second quarter of this year compared to Q2 last year, with tourism playing a significant role. Speaking at the seventh...

Saudi Arabia is focused on offering solutions that make global trade more predictable and reliable, says Faisal bin Fadhil Alibrahim at an event in Riyadh.

Saudi Arabia has prepared for years for the conditions that the world is witnessing, which enabled it to be in a better status than many other countries, says Al-Jadaan at an FII event.

"People are depleting their emergency stocks ... its profound purpose was to mitigate the shortage of supply," says Prince Abdulaziz at an FII event in Riyadh.

Saudi Arabia is engaged with many European governments with regards to the current energy crisis, says Prince Abdulaziz bin Salmanat at FII Forum in Riyadh