The kingdom's decree also pulls tax breaks from goods made in free zones in an effort to challenge the UAE's trade domination in the Gulf

Over 20 of kingdom's biggest companies will lead the investment drive by contributing 5 trillion riyals over the next decade

With kingdom's grandiose economic, diplomatic and cultural reforms nipped in the bud by virus outbreak, Riyadh invests in foreign firms, seeking to bounce back

Some 5 million Saudis, or one-quarter of the country's citizens, drop $13b to buy the 1.5% of the kingdom's crown jewel put up for sale on Wednesday

Crown Prince Mohammed bin Salman aiming for a very optimistic $2 trillion valuation to fund ambitious redevelopment plans in kingdom

MP Akbar Torki says Gulf state has 'understood that Western countries and Saudi Arabia cannot provide the country with security'

Lack of American response to crippling attack on oil facilities has shown Riyadh that Washington 'not really ready to take on Iran,' analyst says

Measures touted as toughest 'ever' by Trump are derided in Tehran as proof of 'how empty their hands are'

Measures against central bank come after administration vowed response to blasts blamed on Tehran that damaged Saudi Arabia's oil infrastructure