With Saudi Arabia being the biggest market for booking app Careem, CNBC catches up with its co-founder Abdulla Elyas, to talk about the region.
Discussing the upcoming meeting between President Obama and the Saudi Deputy Crown Prince with James Smith, Former United States Ambassador to Saudi Arabia, and Stephen Seche, Former Chargé d'Affaires at the U.S. Embassy in Damascus, Syria and Arab Gulf States Institute in Washington Executive Vice President.
“I can confirm that Saudi Arabia has started to invest. I cannot disclose exact amount, but we are very impressed with what that fund is doing,” RDIF’s CEO, Kirill Dmitriev told CNBC.
The collapse in crude prices is turning into a trillion-dollar retrenchment for the global oil industry.
The oil market's "real Achilles heel" is slowing economies in this region, says John Kilduff.
Oil prices need to recover to roughly $70 a barrel — and stay there — before U.S. shale drillers invest in new production, Tom Petrie said.
Some of the factors driving oil higher may be fleeting, and crude is widely expected to come off current levels. But strategists say the charts are telling another story.
At issue is whether Goldman violated the law when it didn't inform regulators about a potentially suspicious transaction involving 1MDB, the WSJ reports.
Saudi Arabia's National Transformation Plan will be put before the cabinet for approval on Monday, a senior Saudi source told Reuters.
OPEC is a dysfunctional organization that has outlived its usefulness, Oppenheimer senior energy analyst Fadel Gheit said Thursday.
OPEC ministers ended their meeting Thursday without a production agreement, but with plenty of talk of unity, something that could fade fast if oil prices crumble again.
CNBC's Hadley Gamble reports from Vienna following an OPEC meeting and speaks to Saudi arabia's oil minister Khalid al-Falih about the oil market.
University of California, Davis' executive director of energy and sustainability, Amy Jaffe, gives her take on the oil market after the latest OPEC meeting.
CNBC's Brian Sullivan reports from OPEC headquarters in Vienna on the cartel's meeting and Helima Croft, RBC Capital Markets, weighs in.
CNBC’s Brian Sullivan reports the latest on the OPEC meeting and how leaders failed to agree on a production ceiling.
Oil producers from Angola to Venezuela are buckling under a production policy that was pushed by Saudi Arabia.
One oil analyst told CNBC that Saudi Arabia views Donald Trump as too unpredictable to be U.S. president.
The oil exporter is expected to host meetings with a number of banks to organize the government's first dollar-denominated bond.
CNBC's Hadley Gamble reports from Vienna ahead of this week's OPEC meeting and discusses comments by the UAE's oil minister.
Gary Ross, executive chairman and head of global oil at PIRA Energy Group, says non-OPEC oil supply is declining and the global surplus is going down.