MIDEAST STOCKS-Saudi slips on Yemen concerns; Dubai retreats from technical barrier | Reuters:
"Saudi Arabia's stock market edged down on Sunday after reports that the Saudi-led coalition fighting Houthi rebels in Yemen had deployed ground troops there, while Dubai pulled back after failing to break through major technical resistance.
An Arab ground force arrived in the southern Yemeni city of Aden on Sunday and started fighting Houthi forces, Yemen's Aden al-Ghad newspaper reported. A speaker for the Saudi-led coalition said it had not started any major ground offensive.
The Yemen conflict has so far had no visible impact on Saudi Arabia's economy, and it has remained within Yemen's borders. However, it is a concern for some Gulf investors who see a risk, however small, of an escalation into a regional conflict."
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Sunday, 3 May 2015
Saudi Arabia shakes up state oil firm Aramco - BBC News
Saudi Arabia shakes up state oil firm Aramco - BBC News:
"Saudi Arabia's state oil company is to be separated from the oil ministry as part of a wider restructuring.
The move was approved by the Supreme Economic Council, which was set up by King Salman this year to replace the Supreme Petroleum Council.
The new 10-member council is headed by the King's son, Prince Mohammed bin Salman."
'via Blog this'
"Saudi Arabia's state oil company is to be separated from the oil ministry as part of a wider restructuring.
The move was approved by the Supreme Economic Council, which was set up by King Salman this year to replace the Supreme Petroleum Council.
The new 10-member council is headed by the King's son, Prince Mohammed bin Salman."
'via Blog this'
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