Business Saudi Arabia


  • DUBAI, United Arab Emirates— Saudi Arabia has plans to issue select visas to welcome tens of thousands of tourists a year as part of a sweeping national reform plan aimed at showcasing the country's rich heritage, including pre-Islamic sites, and encouraging Saudis to spend some of their tourist money at home. A day after Saudi Arabia outlined its Vision 2030...

  • DUBAI, April 26- Shares in Saudi Arabia pulled back early on Tuesday as short-term investors booked profits in stocks which had jumped when Deputy Crown Prince Mohammed bin Salman announced economic reforms on Monday. Samba Financial Group, lead underwriter of the recent initial public offer of Middle East Healthcare, dropped 5.1 percent after rocketing 9.3...

  • Saudi Arabia's leap into the future

    The crown prince of Saudi Arabia calls the plans for the country's new economic model a "leap into the future", reports CNBC's Hadley Gamble.

  • Saudi Arabia's sovereign wealth fund plans

    CNBC's Hadley Gamble reports on Saudi Arabia's ambition to create the world's largest sovereign wealth fund.

  • DUBAI, April 26- Saudi Arabia's stock market may extend gains on Tuesday after Deputy Crown Prince Mohammed bin Salman announced an economic overhaul of the oil-dependent kingdom, while investors in the Gulf will take cues from quarterly results. "The vibes that come out of Vision 2030 are that of reform, dynamism, change and optimism and hence the market's...

  • New Saudi plan is based on $30 oil

    CNBC's Hadley Gamble reports on the latest facts about Saudi Arabia's new direction for the country's economy, which is based on $30 per oil barrel.

  • Investing in Saudi

    Banque Internationale a Luxembourg's Hans Goetti reckons that investors will be attracted to Saudi Arabia if it successfully transitions away from oil.

  • No major changes to Saudi Arabia until 2025

    Foreign ownership limitations are a challenge for MNCs' investment in Saudi Arabia's non-oil sectors, says Tony Nash from Complete Intelligence.

  • Chinese laborers repair an oil pumping unit at Huabei oil field.

    Jim Cramer points out significant signs that indicate that the globe is finally turning around.

  • Another down day for crude oil

    CNBC's Jackie DeAngelis zeros in oil's supply and demand.

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

    Riyadh’s new plan to reform the economy will raise cash, but won’t solve the kingdom’s crude problem, says BreakingViews columnist Andy Critchlow.

  • *Stock market surges, Saudi bond yields fall. DUBAI, April 25- A sweeping economic reform plan announced by Saudi Arabia on Monday pleased the financial markets but fell short of convincing skeptics that the kingdom can prosper in an era of cheap oil. Deputy Crown Prince Mohammed bin Salman promised to invest Saudi petrodollars more aggressively, sell stakes in...

  • Can Saudi be oil-free?

    Helima Croft, CNBC Contributor and Managing Director of Global Head of Commodity Strategy at RBC Capital Markets, and Jean-Francois Seznec, Atlantic Council Senior Fellow and Georgetown University professor, discuss Saudi Arabia's economic reform plans to diversify away from oil.

  • Saudi prince aims to end country's oil 'addiction'

    CNBC's Hadley Gamble reports from Riyadh about Saudi Arabia's economic reform plan to diversify away from oil.

  • Saudi Arabia unveils 'Saudi Vision 2030'

    The oil rich kingdom unveils a long-term economic blueprint for life in a low-oil-price world.

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

    Saudi Arabia's government has unveiled a long-term economic blueprint for life in a low-oil price world.

  • The plans announced by Prince Mohammed also included changes that would alter the social structure of the ultra-conservative Muslim kingdom by pushing for women to have a bigger economic role and by offering an improved status to resident expatriates. "We have developed a case of oil addiction in Saudi Arabia," Prince Mohammed said in a televised interview...

  • Bremmer: Lot of uncertainty in Saudi Arabia

    Ian Bremmer, Eurasia Group president, provides insight to Saudi Arabia's economic reforms and plans to set a $2 trillion value on Saudi Aramco.

  • Saudi Aramco to be valued at $2T

    Saudi Arabia plans to sell a stake of its state oil giant, which is expected to be valued at more than $2 trillion.

  • RIYADH, April 25- Saudi Arabia's Deputy Crown Prince Mohammed bin Salman announced a sweeping reform plan on Monday that he said would transform the kingdom into a global investment power and wean the world's top oil exporter off crude by 2020.. Prince Mohammed, a son of the Saudi king who also serves as defense minister and head of the country's economic council,...