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Business Saudi Arabia

  • Will oil prices continue their rise?

    The oil market looks set to rebalance earlier than expected as OPEC members cut production, according to a report from UBS.

  • DUBAI, Jan 23- Saudi Arabian authorities have announced three public transport projects in the port city of Jeddah, a sign that a freeze on new infrastructure work in the kingdom may be easing as the government slows its austerity drive. The projects are a tram line along Jeddah's northern corniche, a marine taxi service and a bridge linking two of the city's...

  • Reporting from Vienna, CNBC’s Hadley Gamble talks about the OPEC and non-OPEC’s interest in cutting oil output, with added comment from Saudi Arabia’s energy minister.

  • Saudi Arabia's Minister of Energy, H.E Khalid A. Al-Falih discusses how the country works together and negotiates with other OPEC and non-OPEC members.

  • "The Saudi vision, of course, will continue to optimize and maximize the benefit we can get from oil and gas," says Saudi Arabia's Minister of Energy, H.E Khalid A. Al-Falih.

  • Saudi Arabia's Minister of Energy, H.E Khalid A. Al-Falih talks about the subject matters that keep him up at night, from geopolitics to Saudi Vision 2030.

  • Saudi Arabia's Minister of Energy, H.E Khalid A. Al-Falih talks about when Saudi Aramco wants to go public, while commenting on the oil price outlook.

  • DUBAI, Jan 19- Saudi Arabia's crude oil exports in November rose to 8.258 million barrels per day from 7.636 million bpd in October, official data showed on Thursday. But Riyadh led OPEC and other rival producers in December to reach their first deal since 2001 to curtail oil output and ease a global glut which had strained many producers' budgets.

  • *Sources say Egypt may introduce stamp duty. DUBAI, Jan 19- Egypt's blue-chip stock index tumbled on Thursday after Reuters reported that authorities were considering temporarily reintroducing a stamp duty on stock market transactions, while Saudi Arabia was supported by quarterly corporate earnings. Local traders were heavy net sellers after a Finance...

  • BEIRUT, Jan 19- After years of political deadlock, Lebanon finally has a new government. Battered by war in neighbouring Syria, neglected by wrangling politicians and caught in rivalry between Saudi Arabia and Iran, the pillars of the economy- remittances from overseas workers, tourism and real estate- are not what they were. Long-term, Lebanon is searching for new...

  • BEIRUT, Jan 19- After years of political deadlock, Lebanon finally has a new government. Battered by war in neighbouring Syria, neglected by wrangling politicians and caught in rivalry between Saudi Arabia and Iran, the pillars of the economy- remittances from overseas workers, tourism and real estate- are not what they were. Long-term, Lebanon is searching for new...

  • BEIRUT, Jan 19- After years of political deadlock, Lebanon finally has a new government. Battered by war in neighboring Syria, neglected by wrangling politicians and caught in rivalry between Saudi Arabia and Iran, the pillars of the economy- remittances from overseas workers, tourism and real estate- are not what they were. Long-term, Lebanon is searching for new...

  • BEIRUT, Jan 19- After years of political deadlock, Lebanon finally has a new government. Battered by war in neighboring Syria, neglected by wrangling politicians and caught in rivalry between Saudi Arabia and Iran, the pillars of the economy- remittances from overseas workers, tourism and real estate- are not what they were. Long-term, Lebanon is searching for new...

  • 2017 is out largest budget ever: Saudi Arabia FinMin

    Mohammed al-Jadaan, Saudi Arabia's new finance minister, speaks about his country's plan to diversify its economy beyond oil dependence.

  • US aligned with Saudi Arabia on foreign policy/Iran

    Saudi Arabian Prince Turki al-Faisal adds that Iran is a "disruptive element" in the region.

  • The Kingdom is prosperous: HRH Prince Turki

    H.R.H. Prince Turki Al Faisal Al Saud, chairman of King Faisal Center for Research and Islamic Studies, says he’s confident that the future of Saudi Arabia remains very bright.

  • H.R.H. Prince Turki: Seeking to have good relations with Russia

    H.R.H. Prince Turki Al Faisal Al Saud, chairman of King Faisal Center for Research and Islamic Studies, says Saudi Arabia must keep aligned with Russia, especially on issues of peace.

  • ABU DHABI, Jan 16- Saudi Arabia will launch a renewable energy program in coming weeks that is expected to involve investment of between $30 billion and $50 billion by 2023, Energy Minister Khalid al-Falih said on Monday. Falih, speaking at an energy industry event in Abu Dhabi, said Riyadh would start the first round of bidding within weeks for projects under the...

  • ABU DHABI, Jan 16- Saudi Arabia will launch a renewable energy programme in coming weeks that is expected to involve investment of between $30 billion and $50 billion by 2023, Energy Minister Khalid al-Falih said on Monday. Falih, speaking at an energy industry event in Abu Dhabi, said Riyadh would start the first round of bidding within weeks for projects under...

  • ABU DHABI, Jan 16- Saudi Arabia will launch in coming weeks a renewable energy program that is expected to involve investment of between $30 billion and $50 billion by 2023, Saudi Energy Minister Khalid al-Falih said on Monday. Falih, speaking at an energy industry event in Abu Dhabi, said Riyadh would in the next few weeks start the first round of bidding for...