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English: This chart shows the nominal price of gold along with the price in 1971 and 2011 dollars (adjusted based on the consumer price index). The historical gold price was obtained from www.igolder.com; CPI was obtained from www.rateinflation.com. The data is in section Chart Data.
Perfection Medal (ميدالية الامتياز) Invention Medal (ميدالية الاختراع) Shooting Medal (ميدالية الرماية) Military Service Medal (ميدالية الخدمة العسكرية; with up to five service stars) 1979 Holy Mosque Medal (ميدالية الحرم الشريف 1979 م)
As of 2024, Saudi Arabia's GDP per capita has surpassed all other GCC countries except Qatar and the United Arab Emirates. Saudi Arabia's GDP per capita is estimated to be approximately $33,040 in nominal terms, ranking it 35th globally, and $70,333 in purchasing power parity (PPP) terms, ranking it as the 15th highest in the world [[15]]
Location of Saudi Arabia. Saudi Arabia is a sovereign Arab state in Western Asia constituting the bulk of the Arabian Peninsula. The country's command economy is petroleum-based but slowly diversifying; in 2017 58% of budget revenues and 85% of export earnings came from the oil industry.
Saudi Arabia is one of the largest countries that owns unmanned aerial vehicles, including attack, surveillance, and reconnaissance. In 2012, Saudi Arabia purchased 50 Italian Selex Galileo Falco drones. In 2014, Saudi Arabia signed a contract with China to purchase Wing Loong drones, and Saudi Arabia has more to receive so far.
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 king of Saudi Arabia, officially the King of the Kingdom of Saudi Arabia (Arabic: ملك المملكة العربية السعودية), is the head of state and head of government of the Kingdom of Saudi Arabia who holds absolute power. He is the head of the Saudi Arabian royal family, the House of Saud. [1]
The order of succession to the Saudi Arabian throne is determined by, and within, the House of Saud.Every King of Saudi Arabia, upon his death, has been succeeded by the crown prince, with a new crown prince then being appointed according to a loose form of agnatic seniority among the sons of Ibn Saud, though various members of the family have been bypassed for various reasons.