Saudi Arabia's economy

Saudi Arabia to diversify economy away from oil

Saudi King Salman on Wednesday said he has ordered economic reforms to diversify sources of income and reduce high dependence on oil following a sharp drop in crude prices.

Dec 23, 2015, 21:33 PM IST

S&P lowers Saudi, Oman outlook on low oil price

Standard and Poor`s has lowered the outlook for the world`s top oil exporter Saudi Arabia to stable from positive and its Gulf partner Oman to negative on sliding oil prices.

Dec 06, 2014, 16:59 PM IST