Salman’s announcement suggested that the government remained willing to spend heavily despite the hit to its oil revenues from low prices.
Yemen is at risk of breaking up with the ascent of the Houthi movement.
Crown Prince Muqrin, 69, will be the first Saudi monarch born after the Kingdom struck oil in 1939.
King Salman is likely to rely on stability and continued progress, say experts.
A bustling hub for global aviation, Dubai International Airport has not sat idle when it comes to large-scale investments in expansion and upgrades.
Governments will probably liquidate some of their fund assets to cover budget deficits as their revenues fall; if Brent stays at its current level around $50.
In 2014, bourses in the UAE and Qatar were upgraded to emerging markets status. Could the opening of Saudi Arabia’s Tadawul see it follow?
Consumers are still spending, companies are investing, and governments are announcing record budgets for 2015.
The global aviation sector’s growth trajectory remains intact despite headwinds.
The plunge in Gulf stock markets, which were overvalued and dominated by panicking retail investors, made bond issuers stay out of the primary market.
With oil prices plunging to historically low levels, is the GCC insulated from a scathing impact?
ICAO wants to develop a global system to improve plane tracking and ensure accident sites are found quickly.
Saudi Arabia is offering crude at discounted prices in an attempt to defend its remaining share of the regional market, which has shrunk by more than half in recent months.
Many US firms are racing to revamp their policies, cashing in well-placed hedges to increase the number of future barrels hedged, according to industry consultants.
Is womenomics taking root in the gulf enough to break the region’s glass ceiling?
High freight rates benefit Gulf sellers to Asia.
Pilots who have flown the Indonesia to Singapore route say it’s not unusual for delays to requests to increase altitude to avoid bad weather.
While cloud computing is expected to grow in the Middle East and Africa, concerns about security are pushing against that trend.
The country’s current-account surplus will remain the world’s fourth-largest by the end of 2014 even after oil’s decline, economists say.
The World Bank estimates up to $500 billion will be spent by Gulf countries on infrastructure by 2020, as governments seek to improve the lives of citizens and create jobs.
Radicalisation of Muslims in the Kingdom has led to domestic attacks and the involvement of Saudis in jihadist movements.
Analysts fear that any power struggle after the sultan’s death within his Al-Said family – or between the royal family and army leaders – could rattle the country.
Deep price cycles are inherent in capital intensive industries like oil and mining, writes Reuters columnist John Kemp.
Although opportunities are abound, many entrepreneurs underestimate the challenges of starting up online.
Widely seen as a failed state, Yemen remains one of the gravest threats to stability in the Gulf and beyond.
As oil plunges, the region is dividing into three classe in investors’ eyes with Kuwait and Qatar emerging as the strongest.
Saudi Aramco’s Entrepreneurship Center has funded 43 ventures in the past three years.
Differences still exist between the six GCC states over issues relating to Egypt, Libya and Iran.
Will the Dubai Tram persuade more residents to switch to public transport and have a wider impact on the economy?
OPEC’s decision has provided the commodity fund industry- which has been steadily shrinking over the last few years- with a much needed boost.