Saudi Arabia

UPDATE 2-Saudi's Naimi: OPEC cannot cut alone but others would not

* Said OPEC overtures on output cooperation did not succeed

MIDEAST STOCKS-Gulf markets surge on stronger oil

* Saudi Arabia's finance minister says state to keep spending

18 Dec 2014

UPDATE 4-MIDEAST STOCKS-Gulf markets surge as oil rebounds; Dubai up 13 pct

DUBAI, Dec 18 - Stock markets in Saudi Arabia and the United Arab Emirates soared on Thursday after the price of oil rebounded and the Riyadh government eased investors' fears by saying it would continue spending heavily on economic development.

18 Dec 2014

Saudi crude oil exports rise to almost 6.9 mln bpd in Oct -data

DUBAI, Dec 18 - Top oil exporter Saudi Arabia shipped more crude oil in October than a month earlier while volumes used by domestic refineries remained high allowing more oil products exports, official data showed on Thursday.

18 Dec 2014

UPDATE 3-MIDEAST STOCKS-Gulf markets surge after oil rebounds

DUBAI, Dec 18 - Stock markets in Saudi Arabia and the United Arab Emirates soared on Thursday after the price of oil rebounded and the Riyadh government eased investors' fears by saying it would continue spending heavily on economic development.

18 Dec 2014

Saudi rulers reconsider ties to Wahhabi clergy

RIYADH - Saudi Arabia's ruling Al Saud royal family are trying to adjust their relationship with the country's strict Wahhabi school of Sunni Islam as they increasingly view the teachings of some of its ultra-conservative clergy as a domestic security threat.

17 Dec 2014

Saudi Arabia to keep spending in 2015 budget: finance minister

RIYADH - Saudi Arabia will continue spending on development projects and social benefits in its 2015 budget despite "challenging" global economic conditions, Finance Minister Ibrahim Alassaf said on Wednesday, state news agency SPA reported.

17 Dec 2014

UPDATE 4-MIDEAST STOCKS-Saudi Arabia posts biggest daily drop in 6 years

DUBAI, Dec 16 - Saudi Arabia's stock index posted its biggest daily loss in six years on Tuesday after the price of Brent crude oil dropped below $59 per barrel for the first time since 2009.

16 Dec 2014

Insight - Iranian support seen crucial for Yemen's Houthis

SANAA - Iran has supplied weapons, money and training to the Shi'ite Houthi militia that seized Yemen's capital in September, as Tehran steps up its regional power struggle with Saudi Arabia, Yemeni and Iranian officials say.

World, Yemen 15 Dec 2014

Insight - Iranian support seen crucial for Yemen's Houthis

SANAA - Iran has supplied weapons, money and training to the Shi'ite Houthi militia that seized Yemen's capital in September, as Tehran steps up its regional power struggle with Saudi Arabia, Yemeni and Iranian officials say.

15 Dec 2014
Photo

Obama vows U.S. response to North Korea over Sony cyberattack

WASHINGTON - President Barack Obama vowed on Friday to respond to a devastating cyberattack on Sony Pictures that he blamed on North Korea, and scolded the Hollywood studio for caving in to what he described as a dictator trying to impose censorship in the United States.