Crown Prince Mohammed’s Promotion, MSCI Announcement Jolts Saudi Stock Market to Big Gains

"We are ready to do anything that will eradicate terrorism, anything without limits," Deputy Crown Prince Mohammed bin Salman said.
Saudi Arabia's stock market soared for a second straight day following two big storylines that are giving investors confidence.

Saudi Arabia

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Crown Prince Succession

The Saudi Shake-Up Has One Goal: Drag the Country Into Modern Era

On Wednesday, King Salman, 81, named his ambitious and confrontational 31-year-old son Mohammed bin Salman as his crown prince and successor, in a bid to ...


Crown Prince Succession

Allegiance ceremony for the new Saudi crown prince: Photos

Images from the Allegiance ceremony for the new Saudi Crown Prince. ...


Crown Prince Succession

Readout of President Donald J. Trump’s Call with Crown Prince Mohamed bin Salman of Saudi Arabia

President Donald J. Trump spoke today with Crown Prince Mohamed bin Salman of Saudi Arabia to congratulate him on his recent elevation. ...


Saudi Stock Market

Saudi extends rally on new crown prince, MSCI

Saudi Arabia's stock market extended on the previous session's rally on Thursday as investors focused on shares likely to benefit from economic reforms and from ...


Public Sector Benefits

Restoring Saudi state allowances will cost 5-6 billion riyals: finance ministry

The retroactive reinstatement of Saudi Arabian civil servants' allowances will cost the government about 5 or 6 billion riyals ($1.3 billion to $1.6 billion), the ...


Saudi Aramco IPO

How Much Is Saudi Aramco Worth? It Depends On The Country’s Institutions

The eventual valuation of Aramco is hotly disputed. The Saudis have thrown out a figure of $2 trillion. Analysts doubt this figure. Some put the ...


Oil Supply

A surge in U.S. shale output helps offset Saudi production cuts

An early glimpse of the turn in the oil markets came last August. Thanks to a recovery in the shale oil drilling business, the French ...


Qatar Rift

Turkey, Saudi Arabia to try to reduce tensions over Qatar

Recep Tayyip Erdogan has agreed with Saudi Arabia's King Salman and the new crown prince to "increase efforts" to end tensions in the region related ...


Arms Imports

Saudi Arabia top non-U.S. destination for Canadian arms exports

Saudi Arabia has regained its title as Canada's top non-U.S. destination for exporting military goods after having been narrowly bumped last year by the United ...


Saudi +

Regional and related topics


Deep in Mosul, US forces support Iraq’s fight

In a once-plush house in west Mosul, a handful of US soldiers watch on as an Iraqi commander barks orders over the radio to his ...


American Airlines

Qatar wants 10% of American Airlines

American Airlines has received an "unsolicited" approach from Qatar Airways which wants to acquire 10% of the US carrier. ...


Internet Wars

How the Middle East became an electronic battleground

Viewed in isolation, the temporary disappearance of Al Jazeera's Arabic-language Twitter account last Saturday might seem fairly insignificant. In the light of other events, though, ...


War in Yemen

U.N. blames warring sides for Yemen’s ‘man-made’ cholera ‘catastrophe’

U.N. humanitarian chief Stephen O'Brien described the cholera outbreak in Yemen, which is fast approaching 300,000 cases, as a "man-made catastrophe" caused by the warring ...


U.S. Arms Sales

Global Demand for US Weapons ‘Busier Than Ever’ in Trump Era, So Far

The shift in U.S. presidential administrations has not affected the world’s demand for American-made weapons, Pentagon officials and industry executives said at the Paris Air Show. ...



Dubai Residents: Whatsapp Calls Are No Longer Blocked

The reason for the change is unclear, but it is the latest move towards free voice and video Internet communication in the country; video chatting ...



Perspective: Trump Is on a Collision Course With Iran

Iran’s intervention to save President Bashar al-Assad’s regime has involved sending not just elite Iranian military advisers but also bringing in Lebanese Hezbollah and other ...


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