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  • Capital Markets
    Markets in Saudi Arabia, Egypt pull back

    Saudi Arabia's stock market dipped in early trade on Monday as some investors booked profits in stocks that had led recent gains, while Egypt fell in a broad pull-back. Brent crude dropped 0.9 percent by 0845 GMT after surging at the end of last week, with an oversupply continuing to weigh on the market despite data showing Japan had pulled out of recession.

  • MERS
    WHO Mission to Saudi Arabia to Target Mers Corona Virus

    A World Health Organization mission is going to Saudi Arabia in the coming week, at the request of the government, to take preventive measures against an anticipated spring season upsurge of Middle East Respiratory Syndrome, also known as MERS-Corona virus.

  • Majlis Al-Shura
    Saudi Arabia names seven new Shoura members

    Saudi King Salman on Saturday appointed seven new members to the current session of the Shoura Council, according to a Royal Decree carried by the Saudi Press Agency. The new members are: Dr. Khalid Al-Sabti, Dr. Muhammad Al-Hiaza, Walid Al-Khuraiji, Mohammed Al-Sager, Dr. Saad Al-Huraiqi, Dr. Nasser Al-Daoud and Abbas Muhammad Hadi.

  • Saudi Reserves
    Saudi Arabia budget insulated from effects of lower oil prices

    Saudi Arabia is the largest exporter of crude oil and other petroleum liquids in the world, and their oil exports accounted for 89% of the country's total revenue in 2014. The recent decline in global oil prices is decreasing the value of these exports, leading to a potential budget shortfall. In its 2015 budget, Saudi Arabia plans to spend about $230 billion but expects to take in $190.7 billion in revenue, resulting in an overall deficit of $38.6 billion. While the oil price assumption was not specified in Saudi Arabia's budget, the budget was crafted in December 2014, when crude oil prices were between $55 and $70 dollars per barrel.

  • MERS
    Saudi Arabia to set up MERS centres in every province

    Saudi Arabia is planning to establish dedicated centres to monitor and control the deadly Middle East Respiratory Syndrome (MERS) in every province, it has been revealed a week after the World Health Organization (WHO) warned measures in the kingdom had been too lax, the Saudi Gazette reported.

  • Family-Business Succession and Saudi Inc.: Saudi Arabia’s Royal Succession Takes a Leap Forward

    There is one point at which family businesses are especially vulnerable, though -- when leadership is transferred. There's a whole academic literature on family-business succession, the basic conclusion of which is: it's hard. Do you go with the eldest son who has been groomed since birth to take over, or the younger daughter who's twice as smart? What if the kids don't get along? What if they're not interested in business? What if they can't control their anger around macadamia nuts?

  • Global Oil Markets
    Oil Demand Seen by Saudi Arabia Improving Amid Stability

    OPEC this month raised the demand estimate for its crude by 430,000 barrels a day to 29.2 million barrels, with the forecast raised most for the second half. Oil demand growth will accelerate to 1 percent this year from 0.7 percent last year, partly on faster economic growth, the Paris-based International Energy Agency said on Tuesday.

  • Saudi-Iraq
    Saudi Arabia Is Building a 600-Mile Wall Along the Iraq Border

    Saudi Arabia is building great wall — or rather, a great chainlink fence with razor wire — to "protect against ISIS" in Iraq. And it's not the only country investing in very expensive walls right now, even though they probably won't work. Why? Because walls aren't just about security. They're also powerful symbols.

  • Saudi-Iran
    Iran optimistic it can improve ties with Saudi Arabia: envoy

    The move was reciprocated Tuesday by Saudi Ambassador to Lebanon Ali Awad Asiri, who participated in a ceremony commemorating the anniversary of the Iranian Revolution. The Iranian ambassador described relations with his Saudi counterpart as “very good.”

  • Oil Slump
    Saudi Arabia ‘engineered’ oil crisis: Dallas Fed chief

    Saudi Arabia is largely responsible for the dramatic fall in oil and gas prices in recent months, a U.S. government official said.