saudi

Saudi Official Denies Former Crown Prince Confined to Palace

DUBAI, June 29 – A Saudi official on Thursday denied a New York Times report that Prince Mohammed bin Nayef has been confined to his palace and barred from travelling abroad after he was replaced by the king’s son as next in line to the throne. Mohammed bin Nayef, a veteran interior minister who was

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Saudi, Qatar Ministers Spar Over Arab Nations’ Demands

WASHINGTON, June 28 – Saudi Foreign Minister Adel al-Jubeir said on Tuesday that there would be no negotiations over demands by the kingdom and other Arab states for Qatar to stop supporting terrorism. Doha retorted that the allegations against it and demands were baseless and unacceptable. Qatar has previously also said the demands were aimed

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Qatar Riyal FX Market in Chaos But Bankers Believe Peg Still Solid

DUBAI/ABU DHABI, June 28 – Economic sanctions and poor liquidity have created chaos in the foreign exchange market for Qatari riyals, with the currency trading far below its peg to the U.S. dollar this week, but bankers in the region believe the peg remains solid. The riyal has been increasingly volatile in the spot market

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Pictures of Mohammed bin Salman Being Appointed Crown Prince

Outgoing Saudi Crown Prince Mohammed bin Nayef hands over the post to his successor the new Crown Prince, and son of King Salman, Mohammed bin Salman earlier today. In six steps, Mohammed bin Salman, the young Saudi Royal who will turn 32 this August, became the second in command after his father. The footage which

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Saudi Arabia’s Mohammed bin Salman Elevated to Crown Prince

By Stephen Kalin and William Maclean DUBAI, June 21 – Saudi Arabia‘s Deputy Crown Prince Mohammed bin Salman was elevated to crown prince on Wednesday, replacing his cousin in a sudden announcement that confirms King Salman’s 31-year-old son as next ruler of the world’s leading oil exporter. A royal decree said Saudi Crown Prince Mohammed

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Iraq, Saudi Arabia Aim to Upgrade Diplomatic Relations: Statement

DUBAI, June 20  – Iraq and Saudi Arabia are setting up a coordination council to upgrade strategic ties, a joint statement said on Tuesday, as part of an attempt to heal troubled relations between the Arab neighbours. Iraqi Prime Minister Haider al-Abadi met with Saudi King Salman a day earlier on the first leg of

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UNHCR Wins Nod to Use Islamic Alms to Aid Middle East Refugees

By Aziz El Yaakoubi DUBAI, June 19 – The United Nations, short of funds to support millions of displaced people in the Middle East, has begun a scheme that would let Muslims make donations from the alms they typically pay state bodies for the benefit of the poor. Muslims around the world are expected to

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UAE’s Gargash: Qatar Isolation Could Last for Years

By John Irish PARIS, June 19 – A senior United Arab Emirates (UAE) official said on Monday Qatar’s powerful Arab neighbours could continue to isolate it “for years” if it did not alter its foreign policy and said a list of their grievances would be completed in the next days. Saudi Arabia, the United Arab

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For Saudi Aramco’s IPO, ‘Slowly’ Will Do the Job

By Tim Falconer Here’s the thing about an initial public offering, (IPO), you generally only get one chance to get it right. And when there is so much riding on a single share sale, as is the case with Saudi Aramco, getting it right the first time isn’t just an objective, it’s a nailed on

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