Edition:
United Kingdom

Stephen Kalin

UPDATE 1-Saudi forex reserves rising, capital outflows due to investment -c.bank

16 Sep 2018

* Authorities not imposing capital controls (Recasts with comments on foreign reserve levels, capital controls, context)

Exclusive - Saudi Arabia to auction detained tycoon's real estate assets: sources

16 Sep 2018

RIYADH Saudi Arabia will auction real estate owned by indebted billionaire Maan al-Sanea and his company starting next month to help repay billions of riyals due to creditors, sources familiar with the matter told Reuters.

With Yemen in turmoil, U.N. seeks to build trust as first step towards peace

06 Sep 2018

GENEVA/RIYADH Yemen's first round of peace talks in almost three years aims to build confidence between the warring sides, U.N. mediator Martin Griffiths said on Wednesday, playing down a delay in the arrival of one delegation. | Video

With Yemen in turmoil, UN to launch first peace talks in two years

05 Sep 2018

RIYADH/GENEVA, Sept 5 Warring Yemenis due to attend the first peace talks since late 2015 on Thursday face an uphill struggle to rescue attempts to end a war marked by mass civilian casualties and fuelled by rivalry between regional heavyweights Saudi Arabia and Iran.

Shelved Aramco IPO hits at heart of Saudi prince's reforms

24 Aug 2018

DUBAI/RIYADH Saudi Arabia's decision to shelve what was billed as the biggest share sale ever is a major blow to the credibility of Crown Prince Mohammed bin Salman but there are other ways to finance reforms to strengthen the economy, bankers and investors say. | Video

Why is Saudi halting oil shipments through the Red Sea?

30 Jul 2018

RIYADH/DUBAI Saudi Arabia announced last week it was suspending oil shipments through the Red Sea's Bab al-Mandeb strait after Yemen’s Iran-aligned Houthis attacked two ships in the waterway.

As U.S. pushes for Mideast peace, Saudi king reassures allies

29 Jul 2018

RIYADH Saudi Arabia has reassured Arab allies it will not endorse any Middle East peace plan that fails to address Jerusalem's status or refugees' right of return, easing their concerns that the kingdom might back a nascent U.S. deal which aligns with Israel on key issues.

Saudi bid to protect pre-Islamic sites upends religious dictates

09 Jul 2018

RIYADH Saudi Arabia is preserving pre-Islamic heritage sites, like a date palm oasis from the Stone Age, in a break with the austere strain of Sunni Islam that has dominated the country for decades, as the reclusive kingdom tries to open up.

Saudi king said will boost oil output if needed: White House

01 Jul 2018

WASHINGTON/RIYADH The leader of Saudi Arabia promised President Donald Trump that he can raise oil production if needed and the country has 2 million barrels per day of spare capacity, the White House said on Saturday, rowing back on an earlier Trump tweet that appeared to suggest the Saudis had agreed to boost output by that amount.

UN hopeful for Yemen peace deal but Saudi coalition unlikely to drop demand for Houthi withdrawal

29 Jun 2018

GENEVA/RIYADH The Saudi-led military coalition fighting the Houthis in Yemen said on Friday it would welcome a political deal to end the conflict but indicated it would keep insisting on a complete withdrawal by the Houthis from territory seized since 2014.

World News