Business Saudi Arabia

More

  • 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 degree....at 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.

  • It is a slowdown in demand – not a U.S. shale oil revolution – that poses the biggest threat to OPEC, ministers told CNBC on Friday.

  • 'I'm Not Concerned': Saudi Oil Minister

    Ali Naimi, Saudi Arabia oil minister, tells CNBC he is not concerned about U.S. shale oil or of a slowdown in Asia.

  • OPEC to Keep Production Unchanged: Pro

    Gareth Lewis-Davies, senior oil strategist at BNP Paribas, expects OPEC to keep its production quota unchanged, and discusses the appointment of a new secretary general.

  • The logo of the Organization of the Petroleum Exporting Countries (OPEC) is seen at the headquarters building in Vienna.

    Oil traders should not lose too much sleep worrying about what OPEC, often unpredictable and quarrelsome in the past, will do when it meets next week.

  • Mohamed Al-Mady

    The U.S's gas boom is both a threat and an opportunity, the head of Saudi Basic Industries Corporation (Sabic), told CNBC.

  • Why Middle East Is a Key Growth Market for Hospitality

    The UAE and Saudi Arabia big drivers for the InterContinental Hotels Group, the world's largest hotel by number of rooms. Richard Solomons, the firm's CEO, discusses the drivers of regional demand, and why Africa is not on his priority list.

  • A United States Army missile defense system.

    As American defense companies prepare to feel the ill effects of the sequester on their bottom lines, the companies are increasingly looking to court new customers abroad.

  • Global hotel brands' aggressive expansion in the Arabian Gulf is helping to drive profits and offset markets hit by the Arab uprisings, hotel group CEOs told CNBC.

  • Commodities Next Week: Gold & Oil Slide

    CNBC's Sharon Epperson discusses the day's activity in the commodities markets. After a big slide in oil and gold, traders will be looking to see if they recover Monday, she says.

  • Commodities Next Week: ECB Meeting & Bond Auctions

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

  • Saudi Arabia could change its official weekend to Friday-Saturday, in a move designed to move it closer into lockstep with global financial markets, and boost its economy.

  • Commodities Next Week: Big Gold Sell Off

    CNBC's Bertha Coombs discusses the day's activity in the commodities markets, including a big gold sell off, a down day for oil, and another good day for natural gas.

  • A dramatic shift in how energy is being produced and consumed around the world could lead to far-reaching changes in the geopolitical order.

  • The boom in new oil and natural gas flowing through U.S. pipelines is beginning to ripple through the wider American economy.

  • Commodities Next Week: 'It's All About Cyprus'

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