As the world’s oil producers wring their hands over a global glut that’s pushing down prices, evidence is mounting that Saudi Arabia is more concerned about shrinking demand.
Saudi Aramco will renegotiate some contracts and postpone some projects due to falling oil prices, the head of Saudi Arabia's state oil company.
January 27, 2015
The new Saudi King Salman declared the name of the deputy crown prince: Mohammed bin Nayef, the first grandson of the founder King Abdulaziz to assume the post. But who is the man that will carry the banner of the House of Saud in ruling Saudi Arabia in the future?
January 26, 2015
Saudi Arabian singer Mohammad Abdo broke down in tears over Saudi King Abdallah's death this week.
Egypt’s government has sent invitations to more than 6,000 businessmen and 120 countries to participate in the summit.
January 25, 2015
The passing of King Abdullah in the early hours of Friday led to speculation that a leadership transition could result in a change to the country’s oil policy and strategy.
Germany has decided to stop exporting arms to Saudi Arabia, the German newspaper Bild am Sonntag said on Sunday, citing government sources as saying the kingdom was “too unstable”
Mixed signals: why King Abdullah's passing could not have come at a worse time for Saudi's oil sector
King Abdullah's death could not have come at a worse time for Saudi Arabia's vital oil sector as the absolute monarchy seeks to reassert its leadership in a fast-changing industry.
The proposed Arab Stabilisation Plan, ASP, would build a regional framework to promote infrastructure investment and create jobs.
January 24, 2015
Reformist or stagnating ruler? Turns out the late King Abdullah of Saudi Arabia was a lot of things. Here's the decade-long King in twelve slides.
Iranian Foreign Minister Mohammad Javad Zarif arrived in Riyadh. He will offer his condolences after the death of Saudi King Abdullah.
Seriously, why did Lindsay Lohan post an Instagram about Saudi Arabia's King Abdullah's death?
Oil prices rose on Friday after the death of Saudi Arabia's King Abdullah added more uncertainty to an oil market that has more than halved over the last six months.
Saudi Arabia’s new king is expected to focus economic policy on creating jobs and multibillion dollar infrastructure projects to prevent tumbling oil prices from causing social tensions or undermining business confidence.
Following the early Friday death of Saudi King Abdullah, Lebanese officials joined international voices when Saudi Ambassador to Lebanon Ali Awad Asiri was consoled by hundreds in downtown Beirut.
In the wake of the death of Saudi King Abdullah, U.S. President Barack Obama plans to cut his visit to India short and fly to Saudi Arabia on Tuesday.
Saudi Arabia's new King Salman was quick to keep veteran oil minister Ali al-Naimi on Friday in a message aimed at calming a jittery energy market mindful of Naimi's powerful role.
With impending social issues and a tense economic environment at home, and regional and international interests looming outside his country's borders, newly appointed Saudi King Salman has moved quickly to appoint younger heirs, reassuring of a path not far from the late King Abdullah's, and a successor plan for years to come.
January 23, 2015
Tributes, condolences and kind words have continued to pour in for King Abdullah following his death early on Friday.
Islamic fundamentalists and those who support them took to social media to celebrate the death of the late Saudi King Abdullah on Friday, the Associated Press has reported.
Israel's former president Shimon Peres Friday said the death of Saudi Arabia's King Abdullah was "a real loss for the peace of the Middle East."
Leaders from around the world gathered in Riyadh on Friday for the funeral of King Abdullah who passed away aged 90, after being admitted to hospital in December.
Amnesty International has lashed out at the Western leaders for turning a blind eye to human rights violations in Saudi Arabia, voicing concern over the fate of the jailed Saudi activist, Raif Badawi.
The new Saudi king has appointed his son as the country's new defense minister, Saudi state television has reported.
The death of Saudi Arabia’s King Abdullah earlier this morning has placed the crown in the hands of his younger half-brother King Salman. But who is this veteran ruler?
Saudi Arabia's new king promised Friday to continue the policies of his predecessors in a nationally televised speech, taking control of the kingdom after the death of its 90-year-old ruler.
Leaders from across the Middle East have paid tribute to the late King Abdullah bin Abdulaziz, who died on Friday morning.
President Obama has released a statement in response to King Abdullah's death, Reuters has reported.
Saudi Arabia's King Abdullah has died aged 90, after being admitted to hospital in December. He will be succeeded by his brother, Crown Prince Salman.
January 22, 2015
“Our estimate is that the prices have reached the bottom. It is very difficult to drop lower than this,” Abdul Mahdi told a conference in Kuwait.
About 2.5 million expatriates are either illiterate or have little or no education at all, Makkah Arabic daily reported on Wednesday.
Dozens of films are coming to the screen next month for the Second Saudi Film Festival.
January 21, 2015
Alderley, a leading engineering company operating in the oil, gas, petrochemical and water industry, has won a contract to supply nine oil metering systems and small volume provers for a project in Saudi Arabia
Saudi Arabia is delaying by eight years its target of completing a clean-energy program that includes a $109 billion solar power project.
January 20, 2015
Saudi Arabia can cope with low oil prices for "at least eight years", Saudi Arabia's minister of petroleum's former senior adviser has told the BBC.
January 19, 2015
The National Agricultural Development Company (NADEC) achieved net profits amounting to SR 107 million net profits in 2014.
Saudi Basic Industries Corp (SABIC), one of the world’s largest petrochemicals groups, reported a 29 per cent plunge in fourth-quarter net income on Sunday.
January 18, 2015
Stock markets in the GCC have had a rough few weeks, following the recent drop in oil prices.
Saudi security forces have begun building a security wall along the border with Iraq in a bid to prevent potential attack from Daesh.
January 17, 2015
Saudi Arabia's housing ministry is moving to tax undeveloped land, official media quoted the housing minister as saying, in a policy that could help to end a shortage of homes and spur economic growth.
January 15, 2015
Forty-two percent of health institutes issue sick notes for employees who are not really ill.
January 14, 2015
Saudi Arabia’s plans of privatisation come amidst a flurry of negative feedback it received about one of its airports.