Saudi Prince Miteb bin Abdullah has been released more than three weeks after he was detained on allegations of corruption, officials have said. Prince Miteb, once seen as a contender to the throne, was freed after agreeing an “acceptable settlement” with authorities of more than US$1bn (£750m).1 comment
President Donald Trump has made a pitch to Saudi Arabia to float the world's biggest oil company in the US. “Would very much appreciate Saudi Arabia doing their IPO of Aramco with the New York Stock Exchange. Important to the United States!”, twitted the US president.
Saudi Crown Prince Mohammad Bin Salman announced plans to build a new city on the Red Sea coast, promising a lifestyle not available in today’s Saudi Arabia as he seeks to remake the kingdom in a time of dwindling resources.
Campaigners in Saudi Arabia have hailed King Salman's decree allowing women to drive for the first time. One female activist called it a great victory, while another said things would never be the same again, and the country's US ambassador has described the move as the right decision at the right time.
Arab countries began cutting off diplomatic relations with the Persian Gulf emirate of Qatar on Monday, accusing it in general terms of supporting terrorism. Egypt accused Qatar specifically of supporting the Muslim Brotherhood, Egypt's state news agency reported.
President Obama has said Congress made a mistake by overriding his veto and pushing through a bill that allows legal action against Saudi Arabia over the 9/11 attacks. He added that the bill would set a dangerous precedent for individuals around the world to sue the US government. Wednesday's vote was the first time Obama's veto power was overruled.
Energy ministers from the world's two largest oil producers, Russia and Saudi Arabia said on Monday that their countries had agreed to act together to lift the price of oil out of its two-year slump, though they provided few details as to how they planned to achieve that goal.
Saudi Arabia's King Salman removed the country's veteran oil minister as part of a broad government overhaul. Ali al-Naimi has been replaced after more than 20 years in the role by former health minister Khaled al-Falih.
Venezuelan Oil Minister Eulogio Del Pino will visit Russia, Qatar, Iran and Saudi Arabia on a tour of OPEC and non-OPEC countries intended to drum up support for action to stem the tumble in crude prices.
By James Stafford of Oilprice.com - The rift between Saudi Arabia and Iran has quickly ballooned into the worst conflict in decades between the two countries. The back-and-forth escalation quickly turned the simmering tension into an overt struggle for power in the Middle East