Saudi Arabia has been admitted to the FTSE emerging markets index — a move that could bring tens of billions of dollars into the country.
Saudi Arabia and Japan's SoftBank have agreed to partner to build a massive, multibillion-dollar solar power project in the sunshine-rich Middle Eastern kingdom, which is looking to wean off its reliance on oil.
For the first time in 35 years, Saudis can go to the movies again in their country, part of a drive to modernize the arch-conservative desert kingdom. Saudi blogger Dahlia Rahaimy told DW how important the reforms are.
Movies, opera, travel: a strong wind of change appears to be blowing through the desert kingdom. According to Saudi Arabia expert Sebastian Sons, reforms could turn the country's culture and economy on its head.
The government has said it will start granting cinema licenses immediately. Many Saudis could be enjoying the big screen as early as March.
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