EghtesadOnline: Iraqi Interior Minister Qasim al-Araji says the Saudi Crown Prince, Mohammed bin Salman, has formally asked him to mediate with Iran to curb the tension between the two countries.
EghtesadOnline: Saudi Arabia’s drive to reduce the economy’s reliance on oil has hit a snag: its reliance on oil.
EghtesadOnline: Saudi Arabia has never been a democracy but for several decades it’s been governed by a loose consensus among an extended royal family. Not, it seems, anymore.
EghtesadOnline: Saudi Arabia’s economy shrank by 0.5 percent in the first quarter, illustrating the scale of the challenge facing the country’s new heir as he overhauls an economy still reliant on a struggling oil industry.
EghtesadOnline: Saudi Arabia’s King Salman has reversed a decision to cut salaries and benefits for public sector employees, a move that’s likely to fend off any social discontent but could complicate his new successor’s plan to repair the kingdom’s finances.
EEghtesadOnline: After Mohammed bin Salman’s appointment as crown prince, energy markets need to brace for an even more assertive Saudi Arabian foreign policy that could threaten regional stability in the heart of the global oil industry.
EghtesadOnline: The youngest crown prince in living memory represents a broader youth revolution in Saudi Arabia.
EghtesadOnline: Saudi Arabia's Deputy Crown Prince Mohammed bin Salman was promoted 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 kingdom.
EghtesadOnline: The choreographed statements by Saudi Arabia and three allies to quarantine Qatar at just after 6 a.m. on June 5 were not signed, but there was no mistake about who was behind them.
EghtesadOnline: Foreign Minister Mohammad Javad Zarif says Iran is ready to present peace to Saudi Arabia as a gift after the kingdom's crown prince threatened to draw war into the Iranian territory.