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  • *Payout may total up to 70 billion riyals. DUBAI, Jan 31- A lavish payout to public employees ordered by Saudi Arabia's new King Salman will help to sustain the kingdom's consumer boom and reassure financial markets that the government is not slashing expenditure in the face of low oil prices. The announcement did not give a monetary figure, but Saudi Arabia's 860...

  • Brent crude oil has slid nearly 60 percent since June on ample global supplies and OPEC's decision to keep its production ceiling unchanged. OPEC's largest producer, Saudi Arabia in November refused to cut its output to arrest the price slide and decided instead to focus on market share. Falih said the imbalance in the oil market had nothing to do with Saudi...

  • President Barack Obama met with Saudi Arabia's King Salman on Tuesday to pay respects to the late King Abdullah and bolster a relationship that now stretches well beyond oil interests to security cooperation across the volatile Gulf Arab region. Saudi Arabia, the Middle East's top Sunni power, has been anxious over the possibility that the talks would lead to...

  • Why the chaos in Yemen matters to investors Tuesday, 27 Jan 2015 | 3:30 PM ET
    Houthi rebel fighters patrol a road in Sanaa January 23, 2015.

    The political turmoil in Yemen may seem a peripheral issue, but it has global and regional implications spanning energy and security.

  • Yemen: A 'painful headache'?  Tuesday, 27 Jan 2015 | 11:35 AM ET

    Crispin Hawes, managing director at Teneo Intelligence talks about the tensions that have been rising in Yemen, saying that this will be a "painful headache" for the new Saudi Arabian king.

  • King’s death won’t thwart Saudi women’s rights Tuesday, 27 Jan 2015 | 11:20 AM ET
    Saudi women leave mall in Riyadh before taking taxi as elsewhere a grassroots campaign planned to call for an end to the driving ban for women in Saudi Arabia.

    King Abudullah blazed the trail for women in Saudi Arabia and his death won't be a setback for women's rights, says this real-estate investor.

  • Saudi succession hints at shift in foreign role Tuesday, 27 Jan 2015 | 11:11 AM ET
    Prince Mohammed bin Nayef (C), Saudi Deputy Crown Prince, takes part in the funeral of Saudi King Abdullah bin Abdulaziz in Riyadh January 23, 2015.

    Prince Mohammed embodies Saudi Arabia's shift to a more assertive foreign policy, propping up allies and dismantling foes.

  • Obama pays respects to Saudis, defends ties to kingdom Tuesday, 27 Jan 2015 | 7:40 AM ET

    RIYADH, Saudi Arabia— President Barack Obama defended the U.S. government's willingness to cooperate closely with Saudi Arabia on national security despite deep concerns over human rights abuses, as he led an array of current and former American statesmen in paying respects Tuesday following the death of King Abdullah. New King Salman bin Abdul-Aziz Al Saud...

  • The new shale frontier?  Tuesday, 27 Jan 2015 | 5:40 AM ET

    As top U.S. officials head to Saudi Arabia, CNBC's Hadley Gamble reports on Saudi Aramco and whether Saudi Arabia will be the "new frontier in shale production."

  • FRANKFURT, Germany— Industrial machinery maker Siemens AG says net profit fell 25 percent in its most recent quarter as lower earnings at its key power and gas business weighed on the bottom line. That was down from 1.46 billion euros a year earlier. CEO Joe Kaeser said Tuesday net profit was hurt by a reassessment in the value of financial derivatives the company...

  • Obama to visit Saudi Arabia: Reset of relations?  Tuesday, 27 Jan 2015 | 1:45 AM ET

    U.S. President Barack Obama is leading a delegation of top officials to pay tribute to the late Saudi Arabia King Abdullah. CNBC's Hadley Gamble reports on the political implications.

  • President Obama to visit Saudi Arabia  Monday, 26 Jan 2015 | 6:17 AM ET

    CNBC's Hadley Gamble reports President Obama will likely discuss terrorism when he travels to Riyadh on Tuesday.

  • Saudi Arabia's markets reopen  Monday, 26 Jan 2015 | 5:20 AM ET

    Saudi Arabia's stock market has reopened after the recent passing of King Abdullah. Hadley Gamble reports the latest.

  • Obama heads to Saudi Arabia to meet new king  Monday, 26 Jan 2015 | 12:32 AM ET

    U.S. president Barack Obama will visit Saudi Arabia on Tuesday to meet the nation's new king. Originally, vice president Joe Biden was to have made the trip. CNBC's Hadley Gamble reports.

  • How will stock markets react to Saudi succession?  Sunday, 25 Jan 2015 | 5:37 PM ET

    The Saudi stock market reopens on Monday, after being shut since last Friday following the death of King Abdullah. CNBC's Hadley Gamble has more from Riyadh.

  • Saudi exchange closed after death of King Abdullah Sunday, 25 Jan 2015 | 5:25 AM ET
    Vehicle light trails pass the Kingdom Tower on King Fahad Road in Riyadh, Saudi Arabia.

    The securities exchanges of Saudi Arabia, Kuwait, Oman and Bahrain are closed on Sunday because of the death of Saudi King Abdullah.

  • Obama heads to Saudi Arabia to meet new king Saturday, 24 Jan 2015 | 6:38 AM ET
    Saudi Crown Prince, Deputy Premier and Minister of Defense Salman bin Abdulaziz.

    U.S. President Barack Obama will visit Saudi Arabia on Tuesday to meet its new King Salman after the death of his predecessor Abdullah on Friday.

  • Obama to cut short India trip to pay call on Saudi Arabia Saturday, 24 Jan 2015 | 12:22 AM ET

    WASHINGTON— President Barack Obama will cut short his three-day trip to India to travel to Saudi Arabia to pay respects following the death of King Abdullah, U.S. and Indian officials said Saturday, hours before the U.S. president was to depart for New Delhi. White House spokesman Josh Earnest said the president and first lady Michelle Obama would travel to...

  • Oil after Abdullah  Friday, 23 Jan 2015 | 3:36 PM ET
    Saudi King Abdullah bin Abdulaziz al-Saud

    Kent Moors, Energy Advantage editor, discusses how the death of Saudi Arabia King Abdullah will impact the price of oil.

  • It's downhill for US after Saudi king dies: Experts Friday, 23 Jan 2015 | 1:38 PM ET

    The Saudis ultimately want higher oil prices, Again Capital partner John Kilduff tells CNBC after the death of King Abdullah.