EghtesadOnline: Saudi Arabia has thrown investors a curve ball. King Salman’s move to arrest a string of high-profile nationals, from ministers to princes, has left some encouraged by the authorities’ willingness to take on corruption. Yet they’re also worried about who might be next.
EghtesadOnline: President Donald Trump personally lobbied Saudi King Salman to list the Saudi Arabian Oil Co. on the New York Stock Exchange during a phone call between the world leaders on Saturday, according to a readout provided by the White House.
EghtesadOnline: Saudi King Salman bin Abdulaziz brought 1,500 people, a golden escalator and his own carpets on his historic, four-day state visit to Russia, a person familiar with the matter said.
EghtesadOnline: The gathering of world leaders isn’t for everyone this year. Saudi King Salman is staying away from the Group of 20 summit in Hamburg and instead sent a cabinet minister who regularly attends the World Economic Forum in Davos. There was no official Saudi explanation as to why the king decided to be the only leader not to attend.
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.
EghtesadOnline: Saudi Arabia’s King Salman and U.S. President Donald Trump took turns launching scathing attacks on Iran, which the Sunni monarch called the “spearhead of global terrorism,” underscoring a common goal in undercutting the Islamic Republic’s regional influence.
EghtesadOnline: China and Saudi Arabia will increase their cooperation in the oil sector, including in Saudi oil exports to China, the two countries said in a joint communique issued on Saturday at the end of Saudi Arabian King Salman's visit to Beijing.
EghtesadOnline: Saudi Arabian King Salman said personnel serving on the front lines of the war in Yemen will be given one month’s extra pay to reward “their sacrifices” in the conflict.