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  • NCB
    Why the Second Largest IPO This Year Has Come Out of Saudi Arabia

    About 1.25 million people ordered shares at a total value of 310.7 billion Saudi riyals ($82.8 billion) for the 300 million shares, or 15% of the bank’s stock, offered to retail investors. An additional 10% of the bank was allocated to the kingdom’s Public Pension Agency.

  • Global Oil Markets
    Saudis go back to the future to take on U.S. shale rivals

    “Saudi Arabia is not going to give up market share to Iraq, to Iran, to other countries who are cheating” by pumping more, Daniel Yergin, the Pulitzer Prize-winning oil historian and vice chairman of Englewood, Colorado-based consultancy IHS Inc., said in an Oct. 31 interview on Bloomberg Television. “It’s hard to see an OPEC deal at the end of November.”

  • Mobily Stock
    Stock News: Saudi Mobily Shares Plunge For 3rd Day Since Earnings Shock

    On Monday, Mobily cut its profits for 2013 and the first half of 2014 by a combined SAR1.43 billion ($381.2 million), citing accounting errors, and also reported a 71 per cent drop in third-quarter profit. Mobily’s actions prompted the bourse regulator to launch a probe.

  • U.S.-Israel
    Why the Supreme Court’s ‘born in Jerusalem’ case is such a tinderbox

    Congress doesn’t agree with [the White House's] posture, and in 2002 it passed a law that, among other things, allows Jerusalem-born applicants for U.S. passports to record their place of birth as “Israel” if they so request. President Bush signed that law but attached a signing statement declining to enforce the passport provision because it “impermissibly interferes with the President’s authority to conduct the Nation’s foreign affairs.” Barack Obama similarly contends that the provision is unconstitutional. The "Zivotofsky vs. Kerry" case invokes this 2002 passport law and has returned a thorny debate over executive power and foreign policy to the highest court in the land.

  • Female Entrepreneurs
    Building bridges between Middle East, Silicon Valley

    The program, run by the Institute for International Education's Center for Women's Leadership Initiatives in San Francisco, pairs each participant with two successful American women — a professional mentor and a cultural mentor — for five weeks of exchange and networking in the San Francisco Bay Area and Washington, DC. Those exchanges are a key component of a program that aims to empower young women in a region where they still face many obstacles.

  • Saudi Cabinet
    Information Minister Khoja relieved

    Culture and Information Minister Abdulaziz bin Mohiuddin Khoja was relieved from his post on Wednesday upon his request, the Saudi Press Agency said. Haj Minister Bandar Hajjar was assigned to take Khoja's job in a concurrent capacity, SPA said, quoting a Royal Decree.

  • France-Lebanon
    France, Lebanon sign Saudi-funded arms deal

    This deal will help to ensure the army’s mission to defend its territory and to fight terrorism at a time when Lebanon is threatened,” Fabius said.

  • Lebanon
    Rivals Tehran, Riyadh pledge billions to Lebanon’s army

    Late last year, Riyadh agreed to give $3 billion worth of French-made weapons to Lebanon’s military at a still-unspecified date. It also granted $1 billion in emergency aid to the country’s military and intelligence agencies in August after militants linked to extremists in Syria briefly captured the Lebanese border town of Arsal. Combined, the pledges amount to more than double the military’s estimated annual budget. During a visit to Beirut in September, the secretary of Iran’s Supreme National Security Council, Ali Shamkhani, responded with an arms offer from Tehran. According to Lebanese media reports, that consists primarily of antitank weapons, artillery and heavy machine guns.

  • U.S.-Afghanistan
    Top US commander of Afghan war reassessing US withdrawal timeline

    In a phone interview from Kabul, Campbell said he was "beginning now to take a hard look" at what effect delays in concluding a bilateral security agreement between the United States and Afghanistan and the months of uncertainty over the country's presidential elections have had on the preparedness of the Afghan military. Afghan forces have been taking heavy casualties in recent months while they battle the resurgent Taliban.

  • Turkey
    The Middle East ‘mastermind’ who worries Erdogan

    Erdogan spoke openly of this “mastermind” for the fist time, but this conspiratorial view of the world has been promoted by the pro-Erdogan media over the past three years — ever since Turkish foreign policy began to face unexpected troubles.