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Saudi Arabia

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  • Good King Abdullah of Saudi Arabia figures that $36 billion will buy off any potential unrest in his realm of Saudi Arabia. That's an expensive piece of cake he's dishing up.

  • Halftime—Gen. Wesley Clark: Saudi Arabia Is Stable Thursday, 24 Feb 2011 | 1:59 PM ET

    As anger spreads throughout the Arab world, retired Gen. Wesley Clark said Saudi Arabia will be the last country to see an uprising.

  • Saudi Arabia in Talks to Boost Oil Output Thursday, 24 Feb 2011 | 8:40 AM ET

    Saudi Arabia is in “active talks” with European oil companies to meet the production shortfall left by Libya, the clearest indication to date that the leader of the Opec oil cartel is about to boost supplies to stop further rises in the oil price.

  • World Frets Over Libya; Benghazi 'Mercenaries' Jailed Thursday, 24 Feb 2011 | 7:25 AM ET
    Protests in Libya

    World leaders condemned Muammar Gaddafi's bloody crackdown on a revolt that has split Libya, but took little action to halt the bloodshed from the latest upheaval reshaping the Arab world.

  • Commentary: What Saudi Spillover? Wednesday, 23 Feb 2011 | 5:29 PM ET
    Saudi youth wave their national flag as they celebrate the return of King Abdullah bin Abdul Aziz in the Saudi capital Riyadh.

    Oil traders fearing Saudi spillover should have been with me tonight trying to get back to my hotel after dinner in Riyadh.

  • Calls Grow for Scrutiny of Family’s Finances Wednesday, 23 Feb 2011 | 8:34 AM ET
    Moammer Gaddafi speaking

    Muammer Gaddafi’s family has built up vast business interests in sectors ranging from oil to hotels during his 41-year rule, giving it a hold over large swathes of Libya’s economy, according to US diplomatic cables and governance groups, reports the Financial Times.

  • As oil prices race toward $100 a barrel, the expectations that gasoline prices will catch fire are running high.

  • Saudi Oil Minister to CNBC: We Will Protect Supply Tuesday, 22 Feb 2011 | 9:20 AM ET
    Suez Canal

    Saudi Arabia will not allow any supply disruptions from the Middle East to impact global supplies of oil, the oil-rich country's deputy oil minister told CNBC Tuesday.

  • Turmoil in the Middle East: Will Saudi Arabia be Next? Sunday, 20 Feb 2011 | 10:07 AM ET

    With the recent turmoil across North Africa and the Gulf, investors are now becoming increasingly concerned that the ‘political contagion,’ as the wave of upheaval has come to be known, may flow over into Saudi Arabia as well.

  • Does Anyone Remember Egypt: The Prize? Wednesday, 2 Feb 2011 | 10:41 AM ET
    Egyptian demonstrators demanding the ouster of President Hosni Mubarak, gather around the national television building guarded by members of the Presidential guard in Cairo on January 28, 2011.

    A little over nine years ago, one of the biggest stories in international affairs was Thomas E. Ricks’ Page One story in the Washington Post a briefing given to a Pentagon advisory group that characterized the Saudi ruling family as enemies of the United States.

  • Egyptian Stocks Face Another 10% Plunge Monday, 31 Jan 2011 | 8:44 AM ET

    The Egyptian stock market will likely tumble another 10 percent before investors put some cash in and try to stage a rally, after which the benchmark index could regain a third of its losses, according to historical trends, Robin Griffiths, technical strategist at Cazenove Capital, told CNBC Monday.

  • Saudi Billionaire Buys 1 Percent Stake in GM Tuesday, 23 Nov 2010 | 9:28 AM ET
    GM Headquarters

    Saudi billionaire Prince Alwaleed bin Talal says he has invested $500 million in General Motors, the U.S. auto giant whose shares returned to trading last week after its bankruptcy and bailout by Washington.

  • Saudi Prince Opposes Ground Zero Mosque Thursday, 4 Nov 2010 | 11:20 AM ET

    Prince Alwaleed bin Talal al Saud, the chairman of Kingdom Holding Company, told CNBC Wednesday that he’s against building a mosque near the ground zero site in New York City.

  • Gulf States in $123 Billion US Arms Spree Tuesday, 21 Sep 2010 | 10:01 AM ET
    Lockheed Martin's F-35

    The Arab states of the Gulf have embarked on one of the largest re-armament exercises in peacetime history, ordering US weapons worth some $123bn as they seek to counter Iran’s military power.

  • Natural Gas Is the 'Fuel of the Future': Shell CEO Monday, 13 Sep 2010 | 6:39 PM ET

    Fossil fuels will continue to be a vital component of the world's energy mix for many years, and natural gas will increasingly play a more prominent role, according to global energy leaders speaking today at the World Energy Congress in Montreal.

  • With Ban Looming, Some Saudis Sell Off BlackBerrys Friday, 6 Aug 2010 | 2:09 PM ET
    Blackberry, Dubai

    Some Saudis were trying to sell their BlackBerrys ahead of a ban on the smart phone's messenger service in the kingdom — but with few willing to buy, they're having to slash prices.

  • Jobs Concerns Dominate Techonomy Conference Friday, 6 Aug 2010 | 8:49 AM ET

    This is a jobless recovery. That's the consensus among the executives and entrepreneurs here, who say improving employment is their #1 priority.

  • Eric Schmidt

    Schmidt says job creation is the most important thing the economy needs right now, particularly in the manufacturing sector. He's very frustrated at the government's slow pace in boosting employment—effectively saying it's ridculous that so much proposed legislation has to wait until after the November elections.

  • BlackBerry Maker Resists Governments’ Pressure Wednesday, 4 Aug 2010 | 9:47 AM ET
    Blackberry Torch 9800

    A top executive of Research In Motion, the Canadian company that makes BlackBerry smartphones, said on Tuesday that his company would not give in to pressure from foreign governments to provide access to its customers’ messages.

  • Canadian Oil Sands Will Become Top US Crude Source Monday, 28 Jun 2010 | 2:21 PM ET
    Alberta Oil Sands

    Canada has proven oil reserves of more than 170 billion barrels—second only to Saudi Arabia. Much of that crude lies beneath the tundra of Alberta in a thick oil, sand and water mixture called bitumen, more commonly called oil sand.