Business Saudi Arabia

  • President Barack Obama greets Saudi Crown Prince Mohammed bin Nayef.

    President Barack Obama has vetoed a bill that would have allowed the families of 9/11 victims to sue the government of Saudi Arabia.

  • Linda Merlo, an airbnb host from the Bronx, speaks at a rally on the steps of New York City Hall showing support for the company on October 30, 2015 in New York City. The New York City council is currently debating how to regulate the controversial company.

    Airbnb faces a 'buzz saw" of political opposition in some of its biggest markets. Here's how it can win the fight, says Bradely Tusk.

  • As if European politicians did not have enough on their plates grappling with Britain's exit from the European Union, Italy will start the countdown towards a high-stakes referendum on constitutional reform. With polls suggesting the vote-- expected in November or December-- could be close, and Prime Minister Matteo Renzi having staked his job on the vote, the...

  • DUBAI/ LONDON, Sept 23- Saudi Arabia has offered to reduce oil production if rival Iran caps its own output this year, four sources familiar with the discussions told Reuters, as Riyadh tries to strike an elusive OPEC deal to curtail supply and boost prices. OPEC holds an informal meeting next week in Algiers, which non-OPEC Russia will also join.

  • Saudi Arabia has offered to reduce oil production if rival Iran caps its own output this year, sources familiar with the discussions told Reuters as Riyadh seeks an OPEC deal to curtail supply and boost prices. The offer, yet to be accepted or rejected by Tehran, was made this month, the sources told Reuters ahead of three-day talks in Algeria beginning Monday...

  • Crude oil refining in Russia

    A touted oil production freeze by Saudi Arabia might not be enough to boost crude prices, even if it goes ahead, the Russian finance minister told CNBC.

  • DUBAI/ LONDON, Sept 23- Saudi Arabia has offered to reduce oil production if rival Iran caps its own output this year, four sources familiar with the discussions told Reuters as Riyadh seeks an OPEC deal to curtail supply and boost prices. OPEC holds an informal meeting next week in Algiers, which non-OPEC Russia will also join. Riyadh is ready to cut output to levels...

  • DUBAI/ LONDON, Sept 23- Saudi Arabia has offered to reduce oil production if rival Iran agrees to cap its own output this year, in a major compromise ahead of talks in Algeria next week, four sources familiar with the discussions told Reuters. Riyadh is ready to cut output to levels seen early this year in exchange for Iran freezing production at the current level,...

  • Investors should start brushing up on astrophysics to understand why the world's economy may be approaching a cosmic conclusion, says Stephen Scott.

  • LONDON, Sept 23- Oil prices jumped on Friday after sources told Reuters Saudi Arabia could reduce its crude production should regional foe Iran cap its own output this year. The Saudi offer, ahead of next week's meeting of OPEC ministers trying to staunch oil price losses, has yet to be accepted by Tehran, three sources familiar with the discussions told Reuters.

  • An Indian foreign 'guest worker' walks on a ramp in the technical zone of the gas and petrol separation at the Aramco (Saudi national oil company) offshore oil rig 'Marjan 2' in the Persian Gulf.

    Saudi Arabia has offered to lower its own oil production if Iran agrees to cap its output this year.

  • Saudi Arabia offers to cut oil output on one condition

    The oil-rich kingdom said it would lower its own production if rival Iran agrees to cap its output this year.

  • DUBAI/ LONDON, Sept 23- Saudi Arabia has offered to reduce oil production if rival Iran agrees to cap its own output this year, in a major compromise ahead of talks in Algeria next week, three sources familiar with the discussions told Reuters. Riyadh is ready to cut output to levels seen early this year in exchange for Iran freezing production at the current level,...

  • DUBAI/ LONDON, Sept 23- Saudi Arabia has offered to lower its own oil production if rival Iran agrees to cap its output this year, in a major compromise ahead of talks in Algeria next week, three sources familiar with the discussions told Reuters. Riyadh is ready to cut output to lower levels seen early this year in exchange for Iran freezing production at the current...

  • John Stumpf, chairman and CEO of the Wells Fargo & Company, testifies before the Senate Banking, Housing and Urban Affairs Committee September 20, 2016 in Washington.

    The Wells Fargo scandal is certainly not the most egregious example of corporate misconduct we have seen in recent years, says Prof. Priyank Gandhi

  • Vehicle light trails pass the Kingdom Tower on King Fahad Road in Riyadh, Saudi Arabia.

    Frontier market countries are looking to tap the international bond markets as policymakers aim to boost finances in the face of low oil prices.

  • DUBAI, United Arab Emirates— A businessman accused of stealing $1.5 billion while working in the United Arab Emirates could face extradition to the Gulf nation after being detained in neighboring Saudi Arabia. Khater Massaad at one point ran the sovereign wealth fund of the small Emirati sheikhdom of Ras al-Khaimah and had ties to the man who is now the...

  • RIYADH, Saudi Arabia— State-owned Saudi Aramco, the world's largest oil production company, says eight of its workers have been injured in a fire that broke out at one of its oil terminals. The company says it successfully responded to the fire at its facility in the eastern city of Ras Tanura on Tuesday morning, adding that its oil and gas operations were not...

  • A customer prepares to pump gasoline into her vehicle at a Chevron gas station in San Rafael, California.

    Drivers may see the cheapest average fall gasoline prices since the year President Barack Obama was first elected.

  • Janet Yellen

    A Fed rate hike in September is looking more likely and the markets will see red, says John Kilduff.