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Saudi Arabia

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  • The United Arab Emirates has pumped billions of dollars into Egypt and is lining up investors to try to stabilize its damaged economy, while building military cooperation. In their deepening relationship, an economically exhausted Egypt benefits from the UAE's finances, and the U.S.-allied Emirates gets a heavyweight with extensive manpower on its side in...

  • WASHINGTON— The State Department agreed Thursday to review thousands of messages from a private email account that former Secretary of State Hillary Rodham Clinton used for official government business, but it cautioned that the process will move slowly and perhaps take months. Clinton urged the State Department late Wednesday on her Twitter account to...

  • *Saudis fear Obama wants Iran deal "whatever the cost". Secretary of State John Kerry flies to Riyadh this week to try to reassure King Salman that any nuclear deal with Iran will be in Saudi interests, despite the kingdom's fears that it may boost Tehran's backing for Shi'ite Muslim groups in the region. While the main critics of the U.S. push for a nuclear deal with...

  • Secretary of State John Kerry flies to Riyadh this week to reassure King Salman that any nuclear deal with Iran is in Saudi Arabia's interest, despite the country's fears it may boost its rival's support for Shi'ite Muslim interests in the region. But Saudi Arabia is sceptical too that any agreement would only let Iran devote more cash and energy to Shi'ite...

  • RIYADH, March 3- Saudi Arabia's subtle change of energy policymaker line-up since the accession of new King Salman in late January appears to give the monarch's inner circle a firmer hand on the kingdom's oil strategy than previous rulers have enjoyed. The most notable change was the promotion of the king's son Prince Abdulaziz bin Salman, long a member of the No....

  • RIYADH, March 3- Saudi Arabia's subtle change of energy policymaker line-up since the accession of new King Salman in late January appears to give the monarch's inner circle a firmer hand on the kingdom's oil strategy than previous rulers have enjoyed. The most notable change was the promotion of the king's son Prince Abdulaziz bin Salman, long a member of the No....

  • RIYADH/ DUBAI, Feb 25- Mobily's problems piled up on Wednesday after Saudi Arabia's second largest mobile operator said it made a $243 million loss in 2014, had breached covenants on long-term loans and removed its chief executive. Mobily-- officially known as Etihad Etisalat-- made a loss of 913 million riyals in 2014 after it took an additional charge of 1.13...

  • *Restated profits $381 mln lower in November. DUBAI, Feb 24- An accounting scandal at Saudi Arabia's Mobily is set to constrain dividend payouts from the former stock market darling for the next few years and make investors more picky about companies in the kingdom. Analysts who met acting Mobily Chief Executive Serkan Okandan a month ago came away with the...

  • Oil slide could trigger OPEC emergency meeting Monday, 23 Feb 2015 | 1:38 PM ET
    A laborer works at Nahr Bin Umar oil field, southeast of Baghdad, Iraq.

    Members of Opec have discussed an emergency meeting if crude continues to slide, according to Nigeria's oil minister, the FT reports.

  • Global gasoline-price subsidies evaporate Monday, 23 Feb 2015 | 9:16 AM ET
    Motorists line up at a gas station in Bali, Indonesia.

    The crash in crude prices has some governments taking a hard look at costly subsidies that have kept gas pump prices artificially low.

  • Commodities Next Week: Crude, gold & Greeks  Friday, 20 Feb 2015 | 3:52 PM ET

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude slid again on yesterday's record build.

  • Saudi Arabia: The 'most flexible' oil producer  Friday, 20 Feb 2015 | 4:20 AM ET

    Miswin Mahesh, oil analyst at Barclays, says Saudi Arabia is being written off at the moment, however a shift in policies could change that.

  • Saudi king to give the masses $32B in bonuses Friday, 20 Feb 2015 | 2:45 AM ET
    King Salman

    Saudi Arabia's new monarch is expected to give away over $32 billion to ordinary Saudis in post-coronation bonuses. The NYT reports.

  • *Could fund minority stake in Germany's Lanxess. DUBAI, Feb 18- State oil giant Saudi Aramco is talking to banks about taking a $10 billion loan for general business purposes, according to two banking sources aware of the matter, with one saying the deal could close by the end of the month. Aramco also has a $4 billion existing loan due to mature later this year, and has...

  • Commodities next week: Energy up today  Friday, 13 Feb 2015 | 4:00 PM ET

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Rig counts declined and Europe appears to be getting stronger. Nat gas and gold were up on the day, as well.

  • The choice of 69- year-old Muqrin for crown prince and 55- year-old Mohammed bin Nayef for deputy crown prince resolved the most important dilemma in the dynasty's recent history- how to jump from sons of its founder, King Abdulaziz, to his grandsons. The most important change appears to be the creation of two new super-committees that give Mohammed bin Nayef...

  • SEOUL, Feb 12- U.S. crude futures rose above $49.50 a barrel on Thursday as the Ukraine army suffered some of the heaviest losses in the nine-month war, and Saudi Arabia and Russia's energy giant Gazprom discussed cooperation between OPEC and non- OPEC oil producers. *The leaders of France, Germany, Russia and Ukraine held peace talks in Belarus on Wednesday, while...

  • Commodities next week: Crude up, nat gas down  Friday, 6 Feb 2015 | 4:00 PM ET

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude finished up for the week as refinery strikes continued.

  • Where are oil prices headed from here? Friday, 6 Feb 2015 | 2:27 PM ET
    Workers prepare drilling pipe on the Petroleos Mexicanos (Pemex) La Muralla IV deep-sea oil platform in the waters off Veracruz, Mexico, Aug. 30, 2013.

    Have oil prices bottomed? As CNBC Explains, it's anybody's guess.

  • Saudis won't blink over oil production: Barclays  Thursday, 5 Feb 2015 | 7:00 PM ET

    Miswin Mahesh, oil analyst at Barclays, says Saudi Arabia will not cut oil production, leading to weakness in the price during the first half of the year.