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Saudi Arabia

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  • *Bourse opening follows labour, mortgage, other reforms. DUBAI, July 24- Saudi Arabia's decision to open its stock market to foreign investors is part of an accelerating series of economic reforms that may culminate in the most far-reaching change yet: higher domestic energy prices.

  • Saudi bourse opening may double fund flows to Gulf Wednesday, 23 Jul 2014 | 11:42 AM ET

    *Saudi Arabia as big as other Gulf markets combined. DUBAI, July 23- The opening of Saudi Arabia's bourse to international investors may double the amount of foreign money flowing into the Gulf's securities markets, making it more attractive to invest in the region but also bringing new risks.

  • Saudi stock market to allow foreign investment Tuesday, 22 Jul 2014 | 8:05 AM ET

    The Cabinet's decision Monday, reported by the official Saudi Press Agency, paves the way for foreign financial institutions to directly buy and sell stocks listed on Saudi Arabia's $530 billion Tadawul All Share Index starting sometime in the first half of 2015..

  • *Saudis expected to follow quota model similar to China. RIYADH/ DUBAI, July 22- Saudi Arabia plans to open its stock market, the Arab world's biggest, to direct investment by foreign financial institutions in the first half of next year, the market regulator said on Tuesday.

  • RIYADH, July 22- Saudi Arabia's cabinet gave permission to the financial regulator to open the Arab World's biggest stock market to direct investment by foreign financial institutions. The opening of the Saudi market, capitalised at about $530 billion, is one of the most keenly awaited economic reforms in the world's biggest oil exporter.

  • ATLANTIC CITY, N.J., July 10- After 19 years working as a cook at Atlantic City's Showboat Casino, Dave Rose is counting the weeks until he and about 2,000 fellow workers lose their jobs when the casino is shuttered at the end of the summer.

  • ATLANTIC CITY, N.J., July 10- After 19 years working as a cook at Atlantic City's Showboat Casino, Dave Rose is counting the weeks until he and about 2,000 fellow workers lose their jobs when the casino is shuttered at the end of the summer.

  • *Trip to Mecca aimed at confirming Muslim credentials. JAKARTA, July 7- The front-runner in Wednesday's Indonesian presidential election has flown to Mecca on a whirlwind pilgrimage in a last-ditch bid to win voters among the world's largest Muslim population and put to rest damaging suggestions that he is really a Christian.

  • DOHA, July 2- Al Jazeera, the Qatari-funded television station whose reporting of the 2011 Arab Spring uprisings won it millions of viewers in the Middle East, is defiant following a backlash by Arab governments that accuse it of supporting Islamists.

  • How a shale byproduct could open up US oil exports Sunday, 29 Jun 2014 | 9:59 AM ET

    Condensates—a super-light oil that's a byproduct of the U.S shale boom—could open the door to eventual crude exports.

  • Kerry arrives in Saudi for Iraq and Syria talks Friday, 27 Jun 2014 | 8:17 AM ET

    Secretary of State John Kerry arrived in Jeddah on Friday to discuss the crises in Iraq and Syria with Saudi Arabia's King Abdullah and meet Syrian opposition leader Ahmad Jarba, who has close ties to the kingdom.

  • SANAA, June 26- Suspected Islamist militants attacked an airport in the eastern Yemeni city of Seiyun early on Thursday, clashing with soldiers and occupying parts of the building, sources at the airport said.

  • Destabilization risk greater than Iraq: Expert     Tuesday, 24 Jun 2014 | 10:15 AM ET

    Providing his perspective on Iraq, former U.S. Secretary of Defense William Cohen, says the most important thing to do is sure up the defenses in Jordan and Saudi Arabia to prevent ISIS from destabilizing both countries.

  • Will Saudi Arabia curb oil prices rally?     Monday, 23 Jun 2014 | 4:40 AM ET

    Ole Hansen, senior commodity strategist at Saxo Bank, comments on the oil market and says while there is no big problem, investors are trading "on the back of fears that could happen".

  • *Obama sending up to 300 military advisers to Iraq. WASHINGTON/ TIKRIT, Iraq, June 19- President Barack Obama said on Thursday he was sending up to 300 U.S. military advisers to Iraq but stressed the need for a political solution to the country's crisis as government forces battled Sunni rebels for control of the country's biggest refinery.

  • *Obama sending up to 300 military advisers to Iraq. WASHINGTON/ TIKRIT, Iraq, June 19- President Barack Obama said on Thursday he was sending up to 300 U.S. military advisers to Iraq but stressed the need for a political solution to the country's crisis as government forces battled Sunni rebels for control of the country's biggest refinery.

  • Iraq war: Here are the worst and best scenarios Thursday, 19 Jun 2014 | 1:29 PM ET

    "This is going to burn for a long time," said Kenneth Pollack, a Brookings Institution senior fellow and a former CIA Iraq military analyst.

  • *Washington considers air strike request, allies caution against. TIKRIT, Iraq, June 19- Iraqi government forces battled Sunni rebels for control of the country's biggest refinery on Thursday as Prime Minister Nuri al-Maliki waited for a U.S. response to an appeal for air strikes to beat back the threat to Baghdad.

  • Why experts feel this sector may be getting too hot Monday, 16 Jun 2014 | 6:21 PM ET
    Traders on the floor of the New York Stock Exchange.

    Energy stocks may be getting too rich and could quickly give up gains if the Iraq situation is defused, some analysts said.

  • *Higher oil prices due to Iraq could even benefit Gulf. Markets' reaction to the insurgency in Iraq suggest they may finally have succeeded. At the very least, the turmoil in Iraq looks set to widen the Sunni-Shi'ite divide which has poisoned politics across the region.