Saudi Arabia

Country Saudi Arabia
Capital Riyadh
Continent Asia
Currency Saudi Riyal(SAR)
Languages Arabic

Information

Introduction

Saudi Arabia is the birthplace of Islam and home to Islam's two holiest shrines in Mecca and Medina. The king's official title is the Custodian of the Two Holy Mosques. The modern Saudi state was founded in 1932 by ABD AL-AZIZ bin Abd al-Rahman Al SAUD (Ibn Saud) after a 30-year campaign to unify most of the Arabian Peninsula. A male descendent of Ibn Saud, his son ABDALLAH bin Abd al-Aziz, rules the country today as required by the country's 1992 Basic Law. Following Iraq's invasion of Kuwait in 1990, Saudi Arabia accepted the Kuwaiti royal family and 400,000 refugees while allowing Western and Arab troops to deploy on its soil for the liberation of Kuwait the following year. The continuing presence of foreign troops on Saudi soil after the liberation of Kuwait became a source of tension between the royal family and the public until all operational US troops left the country in 2003. Major terrorist attacks in May and November 2003 spurred a strong on-going campaign against domestic terrorism and extremism. King ABDALLAH has continued the cautious reform program begun when he was crown prince. To promote increased political participation, the government held elections nationwide from February through April 2005 for half the members of 179 municipal councils. In December 2005, King ABDALLAH completed the process by appointing the remaining members of the advisory municipal councils. The king instituted an Inter-Faith Dialogue initiative in 2008 to encourage religious tolerance on a global level; in February 2009, he reshuffled the cabinet, which led to more moderates holding ministerial and judicial positions, and appointed the first female to the cabinet. The country remains a leading producer of oil and natural gas and holds more than 20% of the world's proven oil reserves. The government continues to pursue economic reform and diversification, particularly since Saudi Arabia's accession to the WTO in December 2005, and promotes foreign investment in the kingdom. A burgeoning population, aquifer depletion, and an economy largely dependent on petroleum output and prices are all ongoing governmental concerns.

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References

Saudi Arabia - Wikipedia
Saudi Arabia - CIA World Fact Book
Saudi Arabia - BBC
Saudi Arabia - Timeline - BBC

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Iran Can Block OPEC Agreement, Yet Saudi Arabia Can Bypass Veto - Bloomberg

Bloomberg

Iran Can Block OPEC Agreement, Yet Saudi Arabia Can Bypass Veto
Bloomberg
Even with Iran threatening to block an increase in OPEC's oil production, Saudi Arabia still has options. Tehran says it has Iraqi and Venezuelan support to veto any proposal for more output, a position taken by both Saudi Arabia and Russia. If the ...
Oil prices fall on expectation Russia, Saudi Arabia will raise outputReuters
Russia and Saudi Arabia put heat on Opec to boost oil productionEvening Standard

all 375 news articles »


Franklin Templeton funds get QFI status in Saudi Arabia - Reuters

Gulf Business News

Franklin Templeton funds get QFI status in Saudi Arabia
Reuters
DUBAI, June 18 (Reuters) - Franklin Templeton funds have become qualified foreign investors (QFI) in Saudi Arabia, which will allow them to invest directly in Riyadh's stock market, the U.S. fund manager said on Monday. The approval comes as Saudi ...
First Saudi Arabia ETF launches in EuropeFinancial Times

all 13 news articles »


Who Really Put Saudi Women Behind the Wheel? - New York Times

New York Times

Who Really Put Saudi Women Behind the Wheel?
New York Times
The answer to these questions is simple: Saudi Arabia's highest authorities apparently want to make it clear that it was not the courageous advocacy of those feminists that led to this moment, when the kingdom is about to finally lift its ban on women ...



Women Are The Face Of Change In Saudi Arabia - But How Far Will It Go? - NDTV

NDTV

Women Are The Face Of Change In Saudi Arabia - But How Far Will It Go?
NDTV
Riyadh, Saudi Arabia: Navigating daily life in this sprawling metropolis of 7 million people requires a complicated set of calculations for the 50 percent of the population that is female. Will a man be available to drive me to this or that appointment ...

and more »


Saudi Arabia and Pakistan: Moving From the Personal to the Strategic Domain - RUSI Analysis

RUSI Analysis

Saudi Arabia and Pakistan: Moving From the Personal to the Strategic Domain
RUSI Analysis
Prince Turki Al-Faisal, the former head of the General Intelligence Directorate, Saudi Arabia's main intelligence agency, once described the relationship between Saudi Arabia and Pakistan as 'probably one of the closest relationships in the world ...



Saudi women on the front line of change - Washington Post

Washington Post

Saudi women on the front line of change
Washington Post
Rather, the new Saudi Arabia appears to be heading toward an ever-harsher form of authoritarianism, even as the government promotes the social reforms that are starting to release women from the most rigidly enforced gender discrimination in the world.

and more »


Saudi Arabia intercepts ballistic missile fired from rebel-held Hodeida as Riyadh-led coalition tries to liberate ... - Firstpost

Firstpost

Saudi Arabia intercepts ballistic missile fired from rebel-held Hodeida as Riyadh-led coalition tries to liberate ...
Firstpost
Saudi Arabia, the United Arab Emirates and other allies intervened in Yemen in 2015 to push back the rebels and restore the internationally recognised government to power after the Huthis ousted it from swathes of the country including the capital Sanaa.
Saudi Arabia Says New Yemen Missile InterceptedRadioFarda
Saudi Arabia, UAE conduct air strikes on Yemen's Hudaida airportAljazeera.com

all 716 news articles »


An oil giant is taking big steps. Saudi Arabia can't afford for it to slip - Economic Times

Economic Times

An oil giant is taking big steps. Saudi Arabia can't afford for it to slip
Economic Times
The state-run oil giant that operates the port, Saudi Aramco, is the economic force behind Saudi Arabia's transformation into a regional powerhouse. The deep oil reserves, which the company extracts, transports and sells, have made the country an ...

and more »


Saudi Arabia's Oil Chief Faces Toughest OPEC Test - Bloomberg

Bloomberg

Saudi Arabia's Oil Chief Faces Toughest OPEC Test
Bloomberg
Since he became Saudi Arabian energy minister two years ago, Khalid Al-Falih has had a good run: he persuaded a fractious OPEC to cut oil production, convinced Russia to join the cartel in curbing output, and then saw Brent crude rise nearly 75 percent ...
Opec: Saudis keen to pump more oil but cartel's other members not soldThe Guardian
Russia, Saudi Arabia are getting increasingly chummy, and that has big implications for OPEC and oil pricesCNBC
Russia, Saudi Arabia seek raised Opec output of 1.5m bpdgulfnews.com
Khaleej Times
all 425 news articles »


The Saudi Arabian women driving forward - The Guardian

The Guardian

The Saudi Arabian women driving forward
The Guardian
Enaam Alaswad has only risked getting behind the wheel of a car in Saudi Arabia once, sparked by the frustration of watching her driver try and fail, repeatedly, to squeeze into a tight parking space on the baking, dusty streets of her seaside hometown ...

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