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The investment comes following a recent visit by Saudi Crown Prince Mohammed bin Salman to Russia. (Geopolitics)
July 07, 2015 - 19:47 GMT
The funds will be reportedly invested in infrastructure and agriculture, as well as healthcare, retail and real estate.
Wounded men rest in the Sadaka hospital in Aden, the largest city in southern Yemen, on July 5, 2015. Overwhelmed by the flood of sick and injured of a long conflict, Aden hospitals became hospices due to lack of beds and medicine. (AFP/Saleh Obeidi)
July 07, 2015 - 17:00 GMT
Since the start of the crisis in Yemen, 1,528 civilians have been killed and more than 3,000 have been injured.
Saudi King Abdullah and Syrian President Bashar Assad at al-Shaab Palace in Damascus on Oct. 7, 2009. (AFP/File)
July 07, 2015 - 16:02 GMT
A WikiLeaks document appears to show Saudi concerns of Syrian "revenge" for the kingdom's attempt to take the regime down.
Smoke billows following airstrikes by the Saudi-led coalition on a weapons depot at a military airport, currently controlled by Yemeni Shiite Houthi rebels, on July 7, 2015 in the capital Sanaa. (AFP/Mohammed Huwais)
July 07, 2015 - 10:57 GMT
If confirmed, the number would make Monday Yemen's deadliest day since airstrikes began.
Kuwaiti police cordon off the mosque after the suicide bombing. (AFP/File)
July 07, 2015 - 10:51 GMT
Three Saudi brothers have been identified as suspects in the Kuwait Shia mosque bombing. One was arrested in Kuwait, the other in Saudi Arabia, and the third remains at large.
Saudi Arabia is
July 07, 2015 - 10:41 GMT
The humanitarian crisis in Yemen is only getting worse.
A Yemeni armed man stands amidst the debris of a house destroyed in an air-strike by the Saudi-led coalition in the capital Sanaa on July 6, 2015. (AFP/Mohammed Huwais)
July 06, 2015 - 15:27 GMT
The Human Rights Watch is there to remind us of some international humanitarian law the coalition has been brushing under the rug.
The airline announced plans to start operating regular flights between Amman and Tabuk by July 15. (AFP/File)
July 06, 2015 - 13:26 GMT
The airline announced plans to start operating regular flights between Amman and Tabuk by July 15.
A Yemeni boy receives kidney dialysis treatment at a hospital in the southern city of Aden on July 3, 2015, after the hospital was able to secure the medicine needed for the dialysis patients from other hospitals in the area. (AFP/Saleh Obeidi)
July 05, 2015 - 08:30 GMT
In 102 days, 858 Yemeni civilians have been killed in the city of Aden. A significant part of the death toll is health related, as violence forced two of the largest hospitals to be closed.
Putin toasts to more collaboration with Saudi Arabia, as the latter seeks to wean itself away from dependence on the US. (Brookings)
July 05, 2015 - 05:30 GMT
Meeting of the oil giants suggests signs of an emerging partnership.
Children carry supplies handed out by UNICEF outside the Yemeni capital Sanaa. Heavy airstrikes and ground fighting across the country have made it extremely difficult for humanitarian aid to reach Yemen's civilians. (AFP/File)
July 04, 2015 - 12:59 GMT
UN special envoy to Yemen Ismail Ould Cheickh has been discussing with Yemeni factions in recent days a possible humanitarian ceasefire, to last the remainder of Ramadan.