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Saudi Arabia


  • RIYADH, May 5- After failing for years to win a single order for the Dassault-built Rafale fighter jet, France has scored a string of multi-billion-euro wins in recent weeks and is on a quest for more. Egypt, India and Qatar have all just signed contracts. After signing deals worth some 15 billion euros for a total of 84 aircraft, France now has the United Arab Emirates...

  • Saudi Arabia open up to foreign investment   Tuesday, 5 May 2015 | 1:15 AM ET
    Saudi Arabia open up to foreign investment

    CNBC's Hadley Gamble investigates Saudi Arabia's scramble to diversify the kingdom's economy as it opens up to foreign investment.

  • Tracking Saudi Arabia's economic diversification   Tuesday, 5 May 2015 | 12:47 AM ET
    Tracking Saudi Arabia's economic agenda

    With falling oil prices and a regional power play underway, the task of diversifying Saudi Arabia's economy is seen with increasing urgency.

  • *Foreigners can buy stocks from June 15. RIYADH, May 4- Foreign investors can own no more than 10 percent of Saudi Arabia's stock market by value, the regulator said on Monday as it announced rules opening the $575 billion bourse to direct foreign investment next month. Analysts believe it could enter the widely watched MSCI emerging market index as soon as...

  • Saudi sets 10% ownership cap as bourse opens up Monday, 4 May 2015 | 11:46 AM ET
    A currency exchange in Mecca, Saudi Arabia.

    Foreign investors can own no more than 10 percent of Saudi Arabia's stock market by value, the regulator said on Monday.

  • 'Tremendous appetite' for Saudi market   Monday, 4 May 2015 | 4:50 AM ET
    'Tremendous appetite' for Saudi market

    John Sfakianakis, a regional director at Ashmore Group, says there's a "tremendous appetite" for investors to get exposure to the Saudi stock market.

  • DOHA, Qatar— French President Francois Hollande, seeking to strengthen political and business ties with the energy-rich Gulf states, held talks with the ruler of Qatar on Monday at the start of a two-nation trip that includes a visit to neighboring Saudi Arabia. The agreement, announced Thursday, makes Qatar the third overseas buyer of the delta-winged Rafale,...

  • PARIS— French President Francois Hollande is seeking to solidify strategic alliances in the Persian Gulf, as he heads to Qatar to sign a 7 billion-euro fighter jet deal and then gets a starring role in a regional summit in Saudi Arabia. France has led airstrikes against Islamic State extremists, supported international intervention in Yemen, and held a tough...

  • DUBAI/ KHOBAR, May 1- Saudi Arabia has approved a restructuring of Saudi Aramco that includes separating it from the oil ministry, a Saudi-owned TV station reported, in a decision analysts said aims to make the state oil giant more transparent and keep it away from political sway. On Wednesday King Salman appointed Saudi Aramco's chief executive Khalid al-Falih...

  • Saudi stocks: Expect high investor participation

    Should we expect high investor participation in the Saudi market? Absolutely says CNBC's Hadley Gamble, who explains further.

  • DUBAI, May 1- Saudi Arabia's Supreme Economic Council has approved a restructuring of state oil company Saudi Aramco that includes separating it from the oil ministry, Al Arabiya television channel reported on Friday, citing sources. The Supreme Economic Council is a new body formed by King Salman earlier this year to replace the Supreme Petroleum Council,...

  • DIARY- Emerging Markets Economic Events to May 14 Thursday, 30 Apr 2015 | 8:02 PM ET

    SANTIAGO- Central bank of Chile to release the minutes of April policy meeting- 1230 GMT. BUDAPEST- Central Bank of Hungary non-rate-setting meeting. WARSAW- National Bank of Poland holds Monetary Policy Council Meeting.

  • LONDON, April 30- OPEC oil supply in April has jumped to its highest in more than two years, boosted by record or near-record supplies from Iraq and Saudi Arabia, a Reuters survey showed, as key members stand firm in their focus on market share. The increase from the Organization of the Petroleum Exporting Countries puts output further above forecasts of demand for...

  • France sells 24 Rafale fighter jets to Qatar Thursday, 30 Apr 2015 | 5:22 AM ET

    PARIS— France has announced it will sell 24 Rafale fighter jets to Qatar in a 6.3 billion euro deal. Qatar becomes the third buyer of France's delta-winged Rafale, manufactured by Dassault Aviation. Hollande is due to visit Qatar and Saudi Arabia next week.

  • Meet the man who could be next ruler of oil markets Wednesday, 29 Apr 2015 | 7:23 PM ET
    Khalid Al-Falih

    There's no one individual whose comments carry more weight in the global oil market than the Saudi oil minister.

  • The royal Saudi shakeup   Wednesday, 29 Apr 2015 | 12:32 PM ET
    The royal Saudi shakeup

    Helima Croft, RBC head of commodity strategy; discusses the Saudi oil impact. I do not expect a shift in oil policy, it will continue to produce at high rates, says Croft.

  • Air Arabia's Jordanian division to launch flights in May Wednesday, 29 Apr 2015 | 9:47 AM ET

    DUBAI, United Arab Emirates— Middle Eastern budget airline Air Arabia says it plans to launch a new division based in Jordan starting on May 18. The initial destination will be Kuwait City, followed by Jiddah, Saudi Arabia; Irbil, Iraq; and Sharm el-Sheikh, Egypt. Air Arabia is based in the United Arab Emirates city of Sharjah, near Dubai.

  • RIYADH, April 29- Saudi Arabia's new heir to the throne Crown Prince Mohammed bin Nayef, a close friend of the United States and a scourge of Islamist militants, will be the country's first king from the third generation of its ruling dynasty. King Salman bin Abdulaziz, in a decree on Wednesday, appointed his nephew and Interior Minister Prince Mohammed as heir...

  • No evidence that Gulf carriers get subsidies: Pro   Wednesday, 29 Apr 2015 | 12:43 AM ET
    No evidence that Gulf carriers get subsidies: Pro

    Mohshin Aziz, aviation analyst at Maybank Investment Bank, discusses the allegations by the U.S. airlines that the Persian Gulf carriers received subsidies worth $42 billion since 2004.

  • LONDON, April 28- Ivory Coast will sell its debut Islamic bond in the next two to three months, and is assessing whether to make sukuk issues a regular part of fund raising, its minister for economy and finance said on Tuesday. In April, the Islamic Corporation for the Development of the Private Sector- an arm of the Jeddah- based Islamic Development Bank- said it would...