U.S. oil retreated swiftly from the year's highs hit last week, on renewed glut worries, a rebounding dollar and weaker global equities.
Karim Sadjadpour, Carnegie Endowment, provides insight to the challenges facing Iran and what they need to do to transition into the banking system and big business.
CNBC's Hadley Gamble reports on the ramifications of protests by construction workers against their treatment by Saudi Binladin in the Middle East.
Construction company Saudi Binladin, founded by Osama bin Laden's father, reportedly laid off 50,000 staff, as cheap oil spurs government spending cuts.
A number of crude exporters have similar plans as the Saudis to diversify their economy.
Saudi Arabia’s plan to diversify its economy away from oil grabbed the headlines this week, but other crude exporters have similar plans.
Dr. Pippa Malmgren, founder of DRPM Group, says she is confident about oil price rising over time.
Real estate is a prime play for sovereign wealth funds as stocks remain unpredictable, an expert on public asset ownership revealed.
The crown prince of Saudi Arabia calls the plans for the country's new economic model a "leap into the future", reports CNBC's Hadley Gamble.
CNBC's Hadley Gamble reports on Saudi Arabia's ambition to create the world's largest sovereign wealth fund.
CNBC's Hadley Gamble reports on the latest facts about Saudi Arabia's new direction for the country's economy, which is based on $30 per oil barrel.
Banque Internationale a Luxembourg's Hans Goetti reckons that investors will be attracted to Saudi Arabia if it successfully transitions away from oil.
Foreign ownership limitations are a challenge for MNCs' investment in Saudi Arabia's non-oil sectors, says Tony Nash from Complete Intelligence.
Jim Cramer points out significant signs that indicate that the globe is finally turning around.
CNBC's Jackie DeAngelis zeros in oil's supply and demand.
Riyadh’s new plan to reform the economy will raise cash, but won’t solve the kingdom’s crude problem, says BreakingViews columnist Andy Critchlow.
Helima Croft, CNBC Contributor and Managing Director of Global Head of Commodity Strategy at RBC Capital Markets, and Jean-Francois Seznec, Atlantic Council Senior Fellow and Georgetown University professor, discuss Saudi Arabia's economic reform plans to diversify away from oil.
CNBC's Hadley Gamble reports from Riyadh about Saudi Arabia's economic reform plan to diversify away from oil.
The oil rich kingdom unveils a long-term economic blueprint for life in a low-oil-price world.
Saudi Arabia's government has unveiled a long-term economic blueprint for life in a low-oil price world.