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Saudi Arabia

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  • Israel Pushing to Make the World Greener Tuesday, 20 Apr 2010 | 1:36 PM ET
    Eilat, Israel

    Israel perhaps has more to gain than anyone else from going clean and green. Right now, Israel is almost fully dependent on fossil fuels that pollute the country. Israel still gets its oil from secondary sources, because Arab nations won't sell to Israel directly.

  • Middle East Growth Fueled by Infrastructure and Consumers Wednesday, 31 Mar 2010 | 5:53 PM ET
    Dubai

    What many Westerners may know about the Middle East falls far short of what the vast region has to offer investors.

  • The Middle East's Most Competitive Countries Wednesday, 31 Mar 2010 | 8:09 AM ET
    As one of the the most difficult economic climates in generations continues, Western countries still dominate the top 10 slots in the World Economic Forum's Global Competitiveness Report, led by Switzerland and the United States. But in the Middle East, 13 countries continue their upward trend of recent years, with a number of countries measurably improving their competitiveness. In this respect, significant differences between countries persist. In many energy exporting countries, abundant oil

    While America took a big hit during the financial crisis, many Middle Eastern economies grew. Click to see where these countries rank globally and regionally.

  • Saudi Aramco CEO Predicts Less Volatility in Oil Prices Wednesday, 10 Mar 2010 | 2:43 PM ET
    Oil Barrels

    The CEO of the world's largest oil company says crude prices will remain steady and will not change dramatically in the months to come.

  • Alcoa, Saudi Arabia to Invest $11 Billion in Venture Monday, 21 Dec 2009 | 12:03 PM ET

    Alcoa said Monday it and the Saudi Arabian mining company, Ma'aden, will invest $10.8 billion in a joint venture to develop an aluminum industrial complex in Saudi Arabia.

  • Saudis Seek Payments for Any Drop in Oil Revenues Wednesday, 14 Oct 2009 | 11:28 AM ET

    Saudi Arabia is trying to enlist other oil-producing countries to support a provocative idea: if wealthy countries reduce their oil consumption to combat global warming, they should pay compensation to oil producers.

  • Maxis to Raise $2 Billion in Malaysian IPO: Reports Tuesday, 6 Oct 2009 | 11:43 PM ET

    Maxis, Malaysia's biggest telecom firm plans to list on the stock market by mid-November, media reports said.

  • Oil Barrels

    Russia has beaten the Saudis in the global crude market for the first time, according to new figures from the Russian Oil Ministry.

  • Prince Alwaleed Urges US to Sell Citi Stake: Report Sunday, 4 Oct 2009 | 7:05 AM ET
    Citi sign

    Prince Alwaleed bin Talal says a sale this year will boost investor confidence.

  • Saudi Oil Minister: OPEC to Hold Output Steady Tuesday, 26 May 2009 | 7:43 AM ET

    OPEC is unlikely to cut output at its upcoming meeting, Saudi Arabia's oil minister said in comments published Tuesday, as indications mounted that the oil producing bloc would resist a temptation to tighten the taps despite wanting higher crude prices.

  • Oil Prices Resist the World’s Recession Trend Thursday, 23 Apr 2009 | 11:29 AM ET

    The recent resilience shown by the oil markets is not because of any improvement in the global economy or rise in oil consumption. Instead, analysts said, oil is once again being sought by investors as a refuge against a slumping dollar and rising inflation.

  • The global economy has crashed and so has the price of oil. The same countries that used billions from crude exports to subsidize gasoline at home, even as prices hit record highs elsewhere in the world, are now under tremendous strain.

  • Saudi Development Spree Could Help US Firms Tuesday, 24 Mar 2009 | 6:47 PM ET
    Oil Refinery in California

    Saudi Arabia's domestic development efforts could provide a much-needed financial boost to firms outside of the Kingdom.

  • Saudi Arabia Forced To Slash Interest Cuts By Crisis Sunday, 23 Nov 2008 | 12:40 PM ET

    The developments show how the global financial crisis has torn through the Arab Peninsula, until recently thought immune due to massive sovereign savings and earnings from energy exports, with almost the same violence as in Europe and North America.

  • G-20 Nations Could Pledge Billions to Provide Aid Thursday, 13 Nov 2008 | 2:39 PM ET

    Markets think this weekend's meeting of the G-20 is going to be a non-event, but sources have told CNBC that there could be at least one important development: the potential for creditor nations to pledge hundreds of billions of dollars to support aid programs for countries caught up in the credit crisis.

  • Top oil exporter Saudi Arabia provided the most visible evidence yet of adhering to OPEC's deal to curb output by telling refiners in Asia that it would cut December supplies by 5 percent, term lifters said on Monday.

  • Saudi Makes Significant Oil Cuts to Some Buyers Tuesday, 4 Nov 2008 | 7:28 AM ET

    Top oil exporter Saudi Arabia has already cut significantly crude supplies to some of its customers, industry sources said on Tuesday, quelling doubts OPEC would stick to its latest output deal.

  • Why Crude-Oil Prices Are About to Hit $100 a Barrel Thursday, 11 Sep 2008 | 4:43 PM ET

    You know the oil markets are in touble when even a hurricane can't stop prices from falling.

  • OPEC Output Cut Won't Stop Oil Prices From Falling Wednesday, 10 Sep 2008 | 11:34 AM ET

    OPEC's decision to for a modest cut in production isn't likely to stop crude prices from heading lower in the coming months, analysts said.

  • OPEC to Trim Excess Output, Talk to Russia Wednesday, 10 Sep 2008 | 9:07 AM ET

    OPEC on Wednesday deepened its links with major non-OPEC producer Russia and said it was cutting back output by around half a million barrels per day.