Business Saudi Arabia


  • Mugshot of Saudi Princess Meshael Alayban, 42, charged with human trafficking in California.

    Bail is set at $5 million for a Saudi princess accused in California with human trafficking for allegedly holding a domestic worker against her will.

  • Commodities Next Week: Gold Hit

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets, including oil's 14-month high. Metals were down across the board on a stronger dollar, a rise in the 10-year, and a strong jobs report.

  • Crude Realities for Oil Prices

    What will the latest revolution in Egypt mean for oil prices? John Hofmeister, Citizens for Affordable Energy CEO, just back from the Middle East, provides his outlook.

  • Nowhere Is Immune from Unrest: Saudi Prince

    Saudi Prince Alwaleed Bin Talal, talks to CNBC about turmoil in the Middle-East and the price of oil.

  • What the Future Holds for SABIC

    Surging oil revenue has transformed Saudi Arabia, and is unleashing another oil boom.SABOC's CEO, Mohamed Al-Mady, shares his plans to tap the potential of an evolving energy mix.

  • We 'Have to Concentrate on US and China': SABIC CEO

    Saudi Basic Industries Corporation (SABIC) is one of the biggest petrochemical companies in the world. The company's CEO, Mohamed Al-Mady, tells CNBC which regions he's bullish on, and how to best capitalize on the US shale energy revolution.

  • What Impact Could Subsidy Cuts Have on SABIC?

    SABIC is Saudi's largest-listed public company, with strong government backing. Its CEO, Mohammed Al-Mady, explains why he's not worried about a phasing out of subsidies, and competing with Saudi ARAMCO.

  • Commodities Next Week

    CNBC's Bertha Coombs discusses the day's activity in the commodities markets and looks ahead to where oil and precious metals are likely headed next week.

  • Shale Rock from fracking.

    U.S. energy independence is seen almost as a holy grail, and soaring shale production has heightened hopes that the country may actually get there. But not everyone's so sure.

  • Saudi billionaire Prince Alwaleed bin Talal is looking at the world's largest cities, as possible locations to build a mile-high skyscraper that would be the world's tallest building by far.

  • Commodities Next Week: Serious About Syria

    CNBC's Sharon Epperson discusses the day's activity in the commodities markets. Oil is its highest level in 9 months, due to concerns over Syria. The G8 and FOMC meetings will be key next week, as well.

  • 'Much Tighter' Oil Market Ahead: Pro

    Harry Tchilinguirian, head of commodity markets strategy at BNP Paribas, expects the oil market to be "much tighter" in the second half of the year due to "multiple risks" on the supply side.

  • SeaDrill Limited West Carina platform

    OPEC predicted world oil demand will grow more quickly in the rest of 2013, indicating the group can keep pumping more oil than the ouptut target it set out last month.

  • Commodities Next Week: Gold Hit Again

    CNBC's Bertha Coombs discusses the day's activity in the commodities markets. Energy and metals traded in opposite directions. Energy rose with stocks and precious metals were down on the day.

  • Prince Alwaleed Suing Forbes for Libel

    Saudi Arabia's Prince Alwaleed bin Talal is suing Forbes for libel, reports CNBC's Robert Frank. Forbes estimated his wealth at $20 billion and Prince Alwaleed says he's worth $29.6 billion.

  • Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud and wife Princess Amira

    Savoy Hotel owner Prince Alwaleed bin Talal has decided to sue Forbes, claiming the magazine has underestimated his fortune.

  • Saudi Prince Drops $20 Million at Disneyland

    Prince Fahd al-Saud of the oil-rich kingdom reportedly threw a 3-day bash to celebrate getting his Disneyland.

  • Commodities Next Week: Oil Below $92

    CNBC's Sharon Epperson discusses the day's activity in the commodities markets. Oil prices have dipped below $92/barrel, a key technical breach, she says. Demand falls for gas, and so do prices. And gold tries to stay above $1,400.

  • OPEC Has 'No Strategy': Pro

    Neil Atkinson, director of energy research and analysis at Datamonitor, says OPEC is right in keeping its production quota unchanged, and that the oil price should stay at the same level for some time.

  • OPEC oil exporters agreed on Friday to leave output policy unchanged on Friday as oil held around the group's preferred level of $100 a barrel.