#Spotlight: Saudi Discovers Massive Gold Reserves As MBS Looks to Diversify Oil Economy Saudi Arabia has announced a major new gold discovery in its western desert. State-owned mining company Ma’aden says it has added 7.8 million ounces of gold through fresh exploration at four mining sites. These remote mining projects and deposit zones are located in the mineral-rich Arabian Shield. The biggest addition comes from the Mansourah Massarah project, already Saudi Arabia’s flagship gold mine. The o

He’s the richest man in Saudi Arabia with a net worth of $16 billion. A prince — yet look at his simplicity. 👑🇸🇦💰 | Life in Saudi Arabia

Saudi Arabia’s year-on-year economic growth hit nearly 12 per cent for the second quarter, led by a surging oil sector, the government’s statistics agency said Sunday. The Middle East’s largest economy has benefited from a spike in oil prices triggered by Russia’s invasion of Ukraine, and has largely resisted appeals from Western countries to raise output in order to bring prices down. Growth in the second quarter was 11.8pc compared to the same period last year, according to initial “flash” est