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The cultural setting of Saudi Arabia is greatly influenced by the Arab and Islamic culture. The society is in general deeply religious, conservative, traditional, and family-oriented. Many attitudes and traditions are centuries-old, derived from Arab civilization and Islamic heritage. However, its culture has also been affected by rapid change ...
Saudi Aramco operates the world's largest single hydrocarbon network, the Master Gas System. In 2013, its crude oil production total was 3.4 billion barrels (540 million cubic metres), and it manages over one hundred oil and gas fields in Saudi Arabia, including 288.4 trillion standard cubic feet (scf) of natural gas reserves.
On 8 March 2020, Saudi Arabia initiated a price war on oil with Russia, which facilitated a 65% quarterly fall in the price of oil. [1] The price war was triggered by a break-up in dialogue between the Organization of the Petroleum Exporting Countries (OPEC) and Russia over proposed oil-production cuts in the midst of the COVID-19 pandemic. [1]
The current average interest rate for a 30-year fixed mortgage is 6.87% for purchase and 6.88% for refinance, down 5 basis points from 6.92% for purchase and 3 basis points from 6.91% for ...
30 by 30 (or 30x30) is a worldwide initiative for governments to designate 30% of Earth's land and ocean area as protected areas by 2030. [1] [2] The target was proposed by a 2019 article in Science Advances, "A Global Deal for Nature: Guiding principles, milestones, and targets", highlighting the need for expanded nature conservation efforts to mitigate climate change.
330.8 billion (2023 est.) [ 7] Foreign reserves. $451.587 billion (April 2022) [ 12] ( 8th) All values, unless otherwise stated, are in US dollars. The economy of Saudi Arabia is the second-largest in the Middle East and the seventeenth-largest in the world. [ 6] The Saudi economy is highly reliant on its petroleum sector.
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