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Saudi Arabia

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  • DUBAI, May 10- Residential apartments at Saudi Arabia's Kingdom Tower, which is slated to become the world's tallest building on completion in 2018, will likely go on sale later this year, the developer's chief executive told Reuters on Sunday. The tower in Saudi Arabia's second biggest city Jeddah has the backing of billionaire Prince Alwaleed bin Talal, whose...

  • Will Indonesia's Mideast maid ban backfire? Thursday, 7 May 2015 | 10:08 PM ET
    Indonesian activists protest against the death penalty, in response to the execution of 2 Indonesian maids in Saudi Arabia.

    Indonesia has imposed a ban on any more of its domestic helpers from working in 21 Middle Eastern countries, but will the move backfire?

  • UPDATE 2-Saudi Arabia offers five-day Yemen ceasefire Thursday, 7 May 2015 | 10:31 AM ET

    RIYADH/ CAIRO, May 7- Saudi Arabia offered a five-day humanitarian truce on Thursday to the Houthi militia it has hit with weeks of airstrikes in neighboring Yemen, on condition that fighting across Yemen stops. The offer of a truce comes days after the Houthis started shelling Saudi border towns, prompting renewed airstrikes in Yemen, and as the militia advanced...

  • CAIRO/ RIYADH, May 7- Saudi Arabia said all options were open including ground operations to stop mortar attacks on its border towns by Yemen's Houthi militia, as its jets hammered the group's positions ahead of U.S.-led talks on a temporary truce. Secretary of State John Kerry began negotiations in Riyadh to pause the campaign of airstrikes launched by a...

  • Saudi Arabia mulling land operations on Yemen border Thursday, 7 May 2015 | 6:07 AM ET

    CAIRO/ RIYADH, May 7- Saudi Arabia said all options were open including ground operations to stop mortar attacks on its border towns by Yemen's Houthi militia, as its jets hammered the group's positions ahead of U.S.-led talks on a temporary truce. Secretary of State John Kerry began negotiations in Riyadh to pause the campaign of airstrikes launched by a...

  • DUBAI, May 7- A trickle, not a flood of foreign money is likely to enter Saudi Arabia's stock market in coming months as the $575 billion bourse, the Arab world's biggest, opens to direct foreign investment. If the market-opening causes Saudi Arabia to enter equity benchmarks such as MSCI's emerging market index, it will attract tens of billions of dollars of new...

  • *OPEC oil cut at June meeting unlikely without non- OPEC. Some OPEC members are trying to bring major non- OPEC producers such as Russia on board in cutting supplies, as the Organization of the Petroleum Exporting Countries is unlikely to curb output alone when it meets on June 5 without the participation of non- OPEC countries, the delegate said.

  • RIYADH, May 6- Changes in Saudi Arabia's leadership have concentrated power in an inner circle of the Al Saud dynasty, removing constraints on the monarch and making the conservative kingdom's strategic positions less predictable. Since inheriting the throne from his brother in January, King Salman has embarked on a war in neighboring Yemen, restructured the...

  • Where are the opportunities in Saudi Arabia stocks? Wednesday, 6 May 2015 | 12:44 AM ET
    Where are the opportunities in Saudi Arabia stocks?

    While Saudi Arabia's bourse is largely energy-centric, there are investment opportunities in the banking and healthcare sectors, says Robert Parker, senior advisor, Credit Suisse.

  • Saudi Arabia opens up stock market to foreigners Tuesday, 5 May 2015 | 8:45 PM ET
    Saudi Arabia opens up stock market to foreigners

    Joel Whitaker, senior vice president of Global Research at Frontier Strategy Group, discusses the new rules that would open up Saudi Arabia's stock market to direct foreign investment.

  • All eyes on Saudi Arabia Tuesday, 5 May 2015 | 11:50 AM ET
    All eyes on Saudi Arabia

    Saudi Arabia is gearing up to open its stock market to foreign investors. CNBC's Hadley Gamble discusses.

  • *No policy change seen at June 5 OPEC meeting- delegates. *OPEC delegates cite higher prices, stronger oil demand. LONDON/ DUBAI, May 5- OPEC countries are set to maintain current production levels at a meeting next month, three delegates said, as Gulf states continue to focus on market share and a rally in crude prices mutes calls from other members for supply cuts.

  • Saudi Arabia unveils new Kingdom Tower Tuesday, 5 May 2015 | 10:26 AM ET
    Saudi Arabia unveils new Kingdom Tower

    NBC's Hadley Gamble reports the Saudi oil minister is not worried about Iranian crude coming on the market. She also reports on the progress of Saudi Arabia's Kingdom Tower, the tallest tower in the world.

  • 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...

  • Al-Naimi: Nobody knows the oil price, except Allah Tuesday, 5 May 2015 | 5:30 AM ET
    Al-Naimi: Nobody knows the oil price, except Allah

    Saudi Arabia's oil minister, Ali Al-Naimi, tells CNBC's Hadley Gamble that no one can set the price of oil except Allah.

  • Saudi oil min: Not worried about oil price Tuesday, 5 May 2015 | 4:50 AM ET
    Saudi oil min: Not worried about oil price

    Saudi Arabia's oil minister, Ali Al-Naimi, tells CNBC's Hadley Gamble that speculators influence the price of oil in the short term, while supply and demand control the price of oil in the long term.

  • Only Allah knows about oil price: Saudi oil minister Tuesday, 5 May 2015 | 3:15 AM ET
    Only Allah knows about oil price: Saudi oil minister

    CNBC's Hadley Gamble calls from Riyadh after speaking to Saudi Arabia's Oil Minister, Ali Al-Naimi.

  • Saudi Arabia to restructure oil giant Aramco Tuesday, 5 May 2015 | 2:35 AM ET
    Saudi Arabia to restructure oil giant Aramco

    CNBC's Hadley Gamble explores Saudi Arabia's economic shake-up, including plans to restructure oil giant Aramco.

  • 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.