Business News Saudi Arabia

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    It’s been a news-heavy week for oil markets, with the International Energy Agency publishing its monthly oil market report following OPEC’s forecasts and comments by senior oil officials earlier in the week.

  • U.S. Charges Two Men in Murder Plot

    CNBC's Eamon Javers reports Attorney General Eric Holder says the U.S. has charged two men, originally from Iran, for conspiracy to murder Saudi Arabian Ambassador.

  • Commodities Next Week

    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.

  • Commodities Next Week

    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.

  • Saudi Arabia's Central Bank Governor, Muhammad Al Jasser, said yesterday that "everyone" was concerned over the fragile state of the US economy and Europe's ongoing sovereign debt crisis, according to Reuters reports.

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    Bahrain might be the smallest petroleum producer in the Gulf but its strategic production and refining relationship with Saudi Arabia means that the hydrocarbon sector remains critical to the wider economy, according to oil minister, Dr. Abdul-Hussain bin Ali Mirza.

  • As Saudi Arabia continues to grow rapidly, the dilemma of sufficiently meeting domestic and international crude oil demand becomes one that would lend credence to believers in higher prices down the line, experts and analysts told CNBC. 

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    Gold is likely to hit $1,650 an ounce by the end of the year and could even hit $1,700, according to one analyst.

  • Main roads in Riyadh are decorated with national flags and portraits of King Abdullah bin Abdul Aziz of Saudi Arabia on February 21, 2011 amid preparations to welcome the Saudi royal back as he is expected to return home later this week after convalescing in Morocco from operations in New York, according to a source close to the oil-rich Gulf monarchy. AFP PHOTO/FAYEZ NURELDINE (Photo credit should read FAYEZ NURELDINE/AFP/Getty Images)

    Saudi banks, often viewed as a benchmark for the region, have been struggling to shrug off the overhang from the 2008 financial crisis, and have been hit in particular by the more than $20 billion in loan defaults by the two family-owned businesses of Saad and Al-Gosaibi.

  • Inside a tent inb Tahir Square

    Traders at the Egyptian Stock Exchange reacted negatively to developments over the weekend, pushing the benchmark index EGX30 1.67% lower to 5270, its lowest level in almost two months.

  • Bahrain skyline

    Bahrain began its highly-anticipated National Dialogue this week in an effort to restore confidence both domestically and internationally that the Kingdom is committed to working through issues that sparked unrest within its borders in mid-February.

  • Egypt, Cairo, Sultan Hussan Mosque at sunset

    Egypt’s benchmark stock index was able to rebound 0.75 percent in the last trading session before an expected "million-man" march on Friday.

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    The release of an emergency supply of oil to the market has received a mixed response from experts, with some arguing that the high oil prices seen in recent months have held back economic recovery while others say it reflects a political struggle.

  • Dubai Palm Island

    Despite political uncertainty induced by recent social turmoil, the Arabic Gulf region can remain attractive to Western investors, experts told CNBC on Wednesday.

  • Mortgage

    Saudi Arabia is expected to enforce a highly-anticipated new mortgage law that could offer valuable opportunities for banks and investors seeking the next growth story in the Kingdom.

  • Paris Air Show 2011 - A CNBC Special Report

    Cash-strapped nations are only now starting to loosen the purse strings on defense spending, and many may still be looking for bargains at the Paris Air Show this year..

  • Saudi women are planning to take to the streets on Friday, not to push for democratic reforms, as has been a common theme in the Arab Spring, but for the right to drive.

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    A plan that would have tapped into the strategic petroleum reserves was one of many idea President Obama has considered to bring down the price of oil, Energy Secretary Steven Chu told CNBC Wednesday.

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    As OPEC ministers met in Vienna this week it became clear that the cartel is now divided between those wanting to raise output, like Saudi Arabia, and those wanting to hold it and keep prices high.

  • Diamonds

    Diamonds are, apparently, forever, and they are fetching record prices in the rough.