The Saudi economy shrank by 0.5 percent in 2017 for the first time in eight years due to a drop in oil production, the finance ministry said on Tuesday. The last time the OPEC kingpin’s economy contracted was in 2009, when gross domestic product dropped 2.1 percent after the global ...
British daily, The Independent, labelled Saudi Crown Prince Mohammed bin Salman as the Middle East man of the year, but noted that his impact stems from his failures. Bin Salman, well known in the Kingdom as MbS, “is the undoubted Middle East man of the year, but his great impact stems ...
