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Business Saudi Arabia

  • Mohammed bin Salman of Saudi Arabia

    Oil prices have further to fall, says John Kilduff. But traders should watch the geopolitical situation carefully.

  • *Riyadh up 6.8 pct since appointment of new crown prince. DUBAI, June 22- Saudi Arabia's stock market extended on the previous session's rally on Thursday as investors focused on shares likely to benefit from economic reforms and from MSCI's decision while Qatar rebounded as foreign funds were net buyers. The Riyadh index added 1.2 percent to a 20- month high of...

  • Expect a more robust and ambitious Saudi Arabia: Chatham House

    Sanam Vakil, associate fellow for the Middle East and North Africa Program at Chatham House, speaks about the wider implications of the new Saudi Arabian line of secession.

  • Verisk: A host of challenges face Saudi reform goals

    Torbjorn Soltvedt, principal MENA analyst at Verisk Maplecroft, explains why the recent leadership shakeup in Saudi Arabia should be important to investors right now.

  • *U.S., Britain and Qatar congratulate Prince Mohammed. DUBAI, June 21- Saudi Arabia's King Salman made his son next in line to the throne on Wednesday, handing the 31- year-old sweeping powers as the kingdom seeks a radical overhaul of its oil-dependent economy and faces mounting tensions with regional rival Iran. Mohammed bin Salman replaces his cousin, Prince...

  • *U.S., Britain and Qatar congratulate Prince Mohammed. DUBAI, June 21- Saudi Arabia's King Salman made his son next in line to the throne on Wednesday, handing the 31- year-old sweeping powers as the kingdom seeks a radical overhaul of its oil-dependent economy and faces mounting tensions with regional rival Iran. Mohammed bin Salman replaces his cousin, Prince...

  • Tension in Saudi Arabia might improve oil production in short term

    CNBC Contributor John Kilduff discusses what impact the shake up of the Saudi government has on crude oil.

  • DUBAI, June 21- Saudi Arabia's King Salman made his son next in line to the throne on Wednesday, handing the 31- year-old sweeping powers as the kingdom seeks radical overhaul of its oil-dependent economy and faces mounting tensions with regional rival Iran. Mohammed bin Salman replaces his cousin, Prince Mohammed bin Nayef, a veteran security chief who led the...

  • Oil reacts to Saudi royal shake-up

    Discussing the ouster of the Saudi crown prince and its implication for the kingdom's energy sector and economy, with Matt Reed, Foreign Reports vice president, and CNBC's Jackie DeAngelis.

  • DUBAI, United Arab Emirates— He is known as MBS and his rise through Saudi Arabia's corridors of power has been shockingly swift. At age 31, Mohammed bin Salman already controlled the kingdom's defense policy and was overseeing a massive internal economic overhaul with the backing of his father, King Salman. His sudden appointment Wednesday to the position of...

  • DUBAI, June 21- Saudi Arabia's King Salman made his son next in line to the throne on Wednesday, handing the 31- year-old sweeping powers as the kingdom seeks radical overhaul of its oil-dependent economy and faces mounting tensions with regional rival Iran. Mohammed bin Salman replaces his cousin, Prince Mohammed bin Nayef, a veteran security chief who led the...

  • DUBAI, June 21- Saudi Arabia's King Salman made his son next in line to the throne on Wednesday, handing the 31- year-old sweeping powers as the kingdom seeks radical overhaul of its oil-dependent economy and faces mounting tensions with regional rival Iran. Mohammed bin Salman replaces his cousin, Prince Mohammed bin Nayef, a veteran security chief who led the...

  • *Other bourses focus on Brent below $46 a barrel. DUBAI, June 21- Saudi Arabia's stock market jumped over 5 percent on Wednesday after the architect of the kingdom's economic reforms was appointed crown prince and index compiler MSCI said it would consider upgrading Riyadh to emerging market status. The stock index surged 5.5 percent, its largest single-day...

  • *Islamic militants pose main internal threat in Saudi Arabia. Prince Abdulaziz bin Saud bin Nayef was appointed on Wednesday to replace Prince Mohammed bin Nayef, who was stripped of his positions and removed as second in line to the throne of the world's biggest oil exporter. Prince Mohammed bin Nayef, 57, who was wounded in an al Qaeda assassination attempt in...

  • *Mohammed bin Salman named heir to Saudi throne. RIYADH, June 21- The young prince named heir to Saudi Arabia's throne has built a reputation as a bold reformer intent on weaning the kingdom off oil and driving a far more aggressive foreign policy to counter the influence of arch-rival Iran. Mohammed bin Salman, 31, was appointed crown prince by his father King...

  • US State Department questions Gulf motives on Qatar boycott

    The U.S. State Department bluntly questioned the motives of Saudi Arabia and the United Arab Emirates.

  • DUBAI, June 21- Saudi Arabia's King Salman made his son next in line to the throne on Wednesday, handing the 31- year-old sweeping powers as the kingdom seeks radical overhaul of its oil-dependent economy and faces mounting tensions with regional rival Iran. He replaces his cousin, Prince Mohammed bin Nayef, a veteran security chief who led the Saudi campaign...

  • Deputy Crown Prince of Saudi Arabia Mohammad bin Salman Al Saud

    Traders were assessing on Wednesday the potential impact upon the oil price of the leadership change within Saudi Arabia's ruling family.

  • RBC Capital Markets:  Don't bet against the new Saudi Crown Prince

    Helima Croft of RBC Capital Markets weighs in on what the shakeup in the Saudi royal succession means for oil prices and the Saudi Aramco IPO.

  • Saudi Crown Prince and Interior Minister Mohammed bin Nayef gestures during the meeting of Gulf Cooperation Council (GCC) Interior Ministers in Riyadh, Saudi Arabia, April 27, 2016.

    Saudi Arabia has removed Muhammad bin Nayef from his role as crown prince and replaces him with Deputy Crown Prince Mohammad bin Salman.