Saudi Arabia, the Arab world’s biggest economy, has started producing purified water at the 27 billion-riyal ($7.2 billion) Ras al-Khair desalination plant on the Persian Gulf, the state-owned Saudi Press Agency said, citing Minister of Water and Electricity Abdullah Al-Hussayen.
Saudi Basic Industries Corp., the world’s largest petrochemicals maker, rose the most in three months after saying it’s seeking to expand into China and the U.S. following a decline in first-quarter profit.
Saudi Arabia boosted crude exports by 3.5 percent in February to the highest in five months, while Iran’s shipments gained and Iraq sold the most oil for at least 12 years, the Joint Organisations Data Initiative said.
The flash of purple abayas at a conference in Saudi Arabia’s second-largest city, Jeddah, was more than a fashion statement. It’s a sign of the changes Jeddah is embracing as King Abdullah slowly loosens restrictions on women in his conservative land.
The government of Saudi Arabia is trying to reassure its citizens that the most recent outbreak of a respiratory virus isn’t a cause for alarm following 16 new cases, including two deaths, reported in the last nine days.