Monday 5 December 2016
 
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Bahrain to build modern, affordable housing units

Bahrain is working on a new social housing project in the southern governorate, which will see the construction of a modern residential area for its nationals, said a report. The country continues to make significant progress in f

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Bahrain to distribute 3,000 homes

Bahrain will distribute more than 3,000 housing units to citizens, marking Ramadan and Eid Al Fitr, following orders from HRH Prince Salman bin Hamad Al Khalifa, Crown Prince, Deputy Supreme Commander and First Deputy Premier, reported the G

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Saudi bourse rises as prince outlines reforms

Saudi Arabia's stock market recovered from early losses and rose in late trade on Monday as Deputy Crown Prince Mohammed bin Salman outlined a sweeping economic reform plan. Measures include building up the government's Pu

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Saudi Arabia draws up new economic reforms amid low oil

Saudi Arabia's deputy crown prince has privately outlined plans to reshape the economy to withstand low oil prices, sources said, in what could be the biggest policy shake-up since the kingdom's economy was last hurt by cheap oil over a

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US rejects notion Gulf rulers snubbing summit

The White House scrambled on Monday to counter perceptions that the Saudi king's absence from a summit later this week could undermine US efforts to assure Gulf states it remains committed to their security against Iran. King

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Saudi king sending crown prince to Obama summit

Saudi Arabia's King Salman has designated his crown prince to attend a Gulf Arab summit with US President Barack Obama, the state news agency, SPA, reported on Sunday, just two days after the White House said the monarch would attend the gat

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Saudi Arabia’s succession reshuffle is credit positive

Saudi Arabia’s cabinet reshuffle, occurring so soon after King Salman’s smooth succession to the throne in January, is credit positive amid the economic and security challenges facing the kingdom, a Moody’s report said.

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New Saudi crown prince marks a generational shift

Saudi Arabia's new heir to the throne Crown Prince Mohammed bin Nayef, a close friend of the United States and a scourge of Islamist militants, will be the country's first king from the third generation of its ruling dynasty.

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Saudi King Salman replaces heir in reshuffle

Saudi King Salman on Wednesday appointed Interior Minister Prince Mohammed bin Nayef as his new heir, replacing the monarch's half brother Prince Muqrin, and made his son, Defence Minister Mohammed bin Salman, second in line to succeed.

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Saudi crown prince assures cabinet on King's health

Saudi Crown Prince Salman bin Abdulaziz al-Saud offered assurances at a cabinet meeting on Monday about the health of King Abdullah, who was hospitalised last week, state news agency SPA said. Markets keep a close eye on the healt

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