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Economy

Saudi economic reform plan ready for approval

Saudi Arabia's National Transformation Plan to move it away from reliance on oil revenue is reportedly about to be given the green light by the country's cabinet.

Economy

OPEC fails to agree on limiting output, denies it is 'dead'

OPEC has failed to agree on limiting output which would have boosted the price of crude but Saudi Arabia promised not to flood the oil market with extra barrels.

Business Series

Saudi Arabia invests heavily in Uber

Saudi Arabia's government investment fund has put $3.5 billion (3.1 billion euros) into Uber in a boost to the ride-hailing service's Middle East expansion.

Economy

IMF welcomes Saudi reforms

The International Monetary Fund is applauding Saudi Arabia's sweeping reform plan calling it "an appropriately bold and far-reaching transformation".

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USA

US Senate passes bill for 9/11 families to sue Saudis

The US Senate has approved legislation that allows the families of 9/11 victims to sue the Saudi government.

Iran

Blame game: Iranians to miss out on hajj

Iranians will not be able to travel to Saudi Arabia for the pilgrimage to Islam's holiest site this year as the two countries fail to agree to organisation and accuse each other of being at fault.

Economy

Challenges ahead for Khalid al-Falih, Saudi Arabia's new energy minister

Saudi Arabia's new energy minister is Khalid al-Falih, with an expanded portfolio and a focus on job creation and economic reform.

Saudi Arabia

Saudi Arabia oil minister sacked in major cabinet reshuffle

The changes in government come just one week after announcing major economic reforms in the country hard hit by the oil price slump.

Economy

Saudi Arabia responds to low oil prices with economic reform plan

Saudi Arabia has unveiled an economic reform plan including selling part of its state energy giant Saudi Aramco and using the cash raised for a massive global investment fund.

Saudi Arabia

Obama arrives in Saudi Arabia amid US 'terror bill' debate

US President Barack Obama is in Riyadh to meet Saudi King Salman and attend a Gulf nations summit on stability, counter-terrorism and Iran.

Economy

Disappointment over oil supply cap failure pushes crude prices down

Oil price tumbled on Monday and OPEC's credibility has been seriously undermined with the failure of talks to try to freeze the production of crude.

Saudi Arabia

US transfers 9 Yeminis to Saudi Arabia from Guantanamo Bay

The United States has transferred nine Yemeni men to Saudi Arabia from the US military prison at Guantanamo under a long-sought diplomatic deal

Egypt

Protests in Cairo over Egypt-Saudi Tiran and Sanafir island deal

Thousands in the Egyptian capital Cairo have protested President Abdel Fattah al-Sisi decision to hand over two islands to Saudi Arabia. Sisi’s

Egypt

Red Sea bridge to be built linking Egypt and Saudi Arabia

Saudi Arabia and Egypt have announced a bridge is to be built across the Red Sea linking the two countries – as well as the continents of Africa and

World News

Protests in Yemen against Saudi-led coalition on air strikes anniversary

Tens of thousands of people in Yemen have rallied in Sanaa in mass protests against the Saudi-led coalition’s military campaign, on the first

France

The controversial awarding of France's highest honour to top Saudi prince

Controversy is mounting after the French presidency awarded the Légion d’Honneur, the country’s highest decoration, to Mohammed ben Nayef, Crown

Lebanon

Gulf Arab states label Hezbollah a terrorist group

The Shi’ite militant group Hezbollah is facing further sanctions after a decision by the six-member Gulf Cooperation Council (GCC) to class it as a

Economy

OPEC oil output cut very unlikely at June meeting, Iran's situation unclear

OPEC is very unlikely to cut oil output at its next meeting in June, even if crude prices remain extremely low, according to OPEC sources and delegates

World News

EU parliament urges Saudi arms embargo

The European Parliament has voted for an EU-wide arms embargo against Saudi Arabia. Lawmakers voted overwhelmingly in favour of the embargo on

Culture news

Shopping carts, selfie sticks and a changing earth - contemporary art in Jeddah

Jeddah's annual contemporary art festival - called 21, 39, from the city's latitude and longitude - this year has the theme environmental change under the title 'Earth and Ever After'.