FILE - This June 27, 2017, file photo shows an oil rig at sunset in Midland, Texas. President Donald Trump relentlessly congratulates himself for the healthy state of the U.S. economy, with its steady growth, low unemployment, busier factories and confident consumers. But in the year since Trump’s inauguration, most …

Saudis Planning $10B Investment in Texas

Saudi oil executives inked multi-billion dollar deals with companies to explore building petrochemical facilities along the Texas Gulf Coast. Essentially, they hope to capitalize on the U.S. oil and gas boom, largely fueled by shale drilling in the Permian Basin.

Saudi Arabia's Crown Prince Mohammed bin Salman is warning that if Tehran gets a nuclear weapon, his country will follow suit

Saudi Crown Prince Meets with U.S. Entertainment and Tech Executives

Saudi Arabia’s Crown Prince Mohammed bin Salman arrived in New York City on Monday for the beginning of a U.S. tour that will take him through Seattle and Silicon Valley to Hollywood, as he meets with media and tech leaders to talk up Saudi investments and follow up on at least one recent massive purchase: his acquisition of a $400 million stake in Hollywood talent agency WME/Endeavor.

Oil derricks are silhouetted against the rising sun at an oilfield in the Baku October 16, 2005. Saudi Oil Minister Ali al-Naimi said on Sunday that the rise in oil prices to a record high had been determined by market forces. REUTERS/DAVID MDZINARISHVILI

Saudi Arabia Approves Plan for ‘Post-Oil’ Economy

On Monday, Saudi Arabia’s King Salman bin Abdulaziz addressed his nation by television, announcing cabinet approval for the “Saudi Vision 2030” plan — in essence, the Kingdom’s plan to decouple its economy from oil.