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
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
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.
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
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.
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.
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.
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
Abu Dhabi crown prince paid a brief visit to Qatar yesterday to cement reconciliation between the two countries before the GCC Summit in Doha next month, official media said.
The trip by Shaikh Mohammed bin Zayed Al Nahyan was the
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, inaugurated the emirate’s tram service yesterday (November 11) from Al Sufouh depot.
Sheikh Hamdan rode on the first tram along with senior government