King Salman announced on live TV on Thursday a major and sweeping reshuffling of top cabinet positions in Saudi Arabia, the first such change in leadership since June.
Saudi Arabian Monetary Authority (SAMA) has retained its position as the world’s sixth largest sovereign wealth fund (SWF) with a net worth of $515.6 billion,...
Ibrahim Al-Assaf was appointed as Minister of Foreign Affairs, a position that was formally held by Adel Al-Jubeir, who was appointed as Minister of State for...
President Donald Trump on Monday announced that Saudi Arabia “has now agreed to spend the necessary money” for Syria’s reconstruction, briefly raising questions about whether...
Saudi Arabia is exploring potential mergers to boost its financial services industry after the combination of Saudi British Bank and Alawwal Bank, according to people...
“Were there mistakes made? Absolutely there were mistakes made,” said Matt Michelsen, an associate of John Burbank and a Silicon Valley investor. “But this place...
Acwa said the plant, procured under a 25-year build-own-operate contract, will cater to the water demands of Holy City Makkah al-Mukarramah and Jeddah, “especially during...
The Saudi Kingdom Public Investment Fund recently announced plans for a new luxury development on the coast of the Red Sea. Led by luxury hospitality...
Saudi Crown Prince Mohammed Bin Salman has set multiple ambitious agendas for his desert kingdom. Turning it into a major cultural destination may end up being one of...
The move is part of Aramco’s overall strategy of further enhancing its crude production, increase its refining capacity and invest in its consumer-facing business....
Saudi Real Estate Refinance Co., a unit of the kingdom’s sovereign wealth fund, set up an 11 billion-riyal ($2.93 billion) Islamic bond program to increase...
US production, driving by the extraction of shale resources, is expected to grow by 3.7mn barrels per day (bpd) by 2023. Global production capacity is...
It’s unlikely that Mattis’ replacement will understand, and indeed share, as much of the Gulf Arab regional strategic evaluation. So, his resignation will undoubtedly be...
President Donald Trump has no plans to nominate a replacement for Defense Secretary Jim Mattis any time soon, and said acting secretary Patrick Shanahan may...
The United Arab Emirates reopened its embassy in Syria’s capital on Thursday for the first time in seven years, a reflection of improved relations between...
Russia’s deputy foreign minister and Middle East envoy, Mikhail Bogdanov, warned on Tuesday that the U.S. should not try to influence the line of succession...
Since 3 November, 101 migrants - including four children - have attempted the 21-mile journey across the Channel, one which police have likened to "trying...
Remittances from Kuwait fell by 20.4 percent despite the resumption of OFW deployment last May. Bahrain showed negative 22.9 percent, transfers from Oman dropped by...
Two protagonists of Egypt’s recent history faced each other in court on Wednesday, with toppled strongman Hosni Mubarak testifying for the first time against the...
Saudi Ambassador to Lebanon Walid Bukhari said Thursday that Saudi Arabia will remove the travel ban on Lebanon upon the formation of a Lebanese government,...