Latest Mohammad bin Salman bin Abdulaziz Al Saud News

FILE - In this Jan. 3, 2020 file photo, the Wall St. street sign is framed by U.S. flags flying outside the New York Stock Exchange in New York. Global stocks are down, Friday, April 3, after the U.S. government said employers cut 701,000 jobs in March as they shut down or sharply curtailed business due to the coronavirus outbreak. (AP Photo/Mary Altaffer, File)

Stocks fall on Wall Street, heading for another weekly loss

Apr. 3, 2020 12:56 PM EDT

NEW YORK (AP) — Stocks are falling in early afternoon trading Friday, putting Wall Street on track for its third losing week in the last four. The losses came after the government reported that U.S. employers cut 701,000 jobs last month, the first drop in nearly a decade and the latest of what is sure to...

In this photo taken from video provided by the New York Stock Exchange, Robert Glorioso, Chief, Building Engineering Operations, rings the opening bell at the NYSE, Thursday, April 2, 2020. Stocks are wavering between small gains and losses early Thursday after a report showed a record number of Americans lost their jobs last week due to the coronavirus outbreak. (New York Stock Exchange via AP)

Asian stocks mixed after Wall Street rises on pricier oil

Apr. 2, 2020 11:53 PM EDT

BEIJING (AP) — Asian stocks were mixed Friday after Wall Street gained for the first time in three days on stronger oil prices despite enduring uncertainty about how long the global economic decline due to the coronavirus pandemic will last. Tokyo and Seoul rose while Shanghai, Hong Kong and Sydney...

FILE - In this Dec. 11, 2019, file photo, Saudi Arabia's state-owned oil company Armco and stock market officials celebrate during the official ceremony marking the debut of Aramco's initial public offering (IPO) on the Riyadh's stock market, in Riyadh, Saudi Arabia. Saudi Arabia's oil company Aramco said Wednesday, march 11, 2020, it will increase production capacity to 13 million barrels per day, up from 12 million per day, part of a strategy to dominate market share amid a slowdown in demand due to the outbreak of a new virus. (AP Photo/Amr Nabil, File)

Trump says he expects Russia, Saudis to cut oil production

Apr. 2, 2020 5:12 PM EDT

DUBAI (AP) — President Donald Trump said Thursday that he expects Saudi Arabia and Russia will dramatically cut production and end an oil war that sent energy prices to record lows. But the Kremlin disputed part of his tweet, leading to skepticism that a deal was imminent. A global glut in production,...

Wearing a mask amid concerns of the spread of COVID-19 a woman pushes a basket full of groceries out of a store in Richardson, Texas, Wednesday, April 1, 2020. (AP Photo/LM Otero)

Virus spreads and car sales, energy prices, markets tumble

Apr. 1, 2020 8:58 PM EDT

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments on Wednesday related to the global economy, the work place and the spread of the virus. ________ THINGS WE VALUED: The outbreak has reshuffled the pecking order of what holds value and...

In this photo released by Saudi Press Agency, SPA, Saudi King Salman, chairs a video call of world leaders from the Group of 20 and other international bodies and organizations, from his office in Riyadh, Saudi Arabia, Thursday, March 26, 2020. The meeting is aimed at coordinating the global response to the fast-spreading coronavirus, which has shuttered businesses and forced well over a quarter of the world's population into home isolation. (Saudi Press Agency via AP)

World leaders vow to coordinate virus response in video call

Mar. 26, 2020 6:02 PM EDT

DUBAI, United Arab Emirates (AP) — The head of the United Nations told leaders of the world’s 20 major industrialized nations during an emergency virtual summit Thursday that "we are at war with a virus — and not winning it” despite dramatic measures by countries to seal their borders,...

In this photo provided by South Korea Presidential Blue House via Yonhap News Agency, South Korean President Moon Jae-in attends G-20 virtual summit to discuss the coronavirus disease outbreak at the presidential Blue House in Seoul, South Korea, Thursday, March 26, 2020. Leaders of the world's most powerful economies will convene virtually to coordinate a response to the fast-spreading new coronavirus. The new coronavirus causes mild or moderate symptoms for most people, but for some, especially older adults and people with existing health problems, it can cause more severe illness or death. (South Korea Presidential Blue House/Yonhap via AP)

The G20 video call: In virus era, even summits are virtual

Mar. 26, 2020 10:33 AM EDT

LONDON (AP) — The face-to-face tension among foes was gone. So was the in-person camaraderie among allies. Gone were the impromptu and urgent “bilats” — bilateral meetings between leaders to iron out a sticking point. Gone was the image of one leader leaning over another seated...

FILE - In this Wednesday, Oct. 2, 2019 file photo, a Turkish police officer walks past a picture of slain Saudi journalist Jamal Khashoggi prior to a ceremony, near the Saudi Arabia consulate in Istanbul, marking the one-year anniversary of his death. On Wednesday, March 25, 2020, Turkish prosecutors have formally charged two former aides of Saudi Crown Prince Mohammed bin Salman and 18 other Saudi nationals over the 2018 killing of Khashoggi. All suspects however, have left Turkey and Saudi Arabia has rejected Turkish calls for their return to face trial in Turkey. (AP Photo/Lefteris Pitarakis, File)

Turkish prosecutors file indictment over Khashoggi killing

Mar. 25, 2020 9:58 AM EDT

ANKARA, Turkey (AP) — Turkish prosecutors have formally charged two former aides of Saudi Crown Prince Mohammed bin Salman and 18 other Saudi nationals over the 2018 killing of Washington Post columnist Jamal Khashoggi, officials said Wednesday. A statement from the Istanbul chief prosecutor's office said...

A man walks past a banner showing Saudi King Salman, right, and his Crown Prince Mohammed bin Salman, outside a mall in Jiddah, Saudi Arabia, Saturday, March 7, 2020. (AP Photo/Amr Nabil)

Saudi Arabia to slash spending by 5% as oil prices fall

Mar. 19, 2020 3:58 AM EDT

DUBAI, United Arab Emirates (AP) — Saudi Arabia said the government will cut spending by 5%, or about $13.3 billion, to offset the impact of plunging oil prices and the effects of the new coronavirus on its economic outlook and deficit. In a statement carried by the state-run Saudi Press Agency late...

FILE - In this Dec. 11, 2019, file photo, Saudi Arabia's state-owned oil company Armco and stock market officials celebrate during the official ceremony marking the debut of Aramco's initial public offering (IPO) on the Riyadh's stock market, in Riyadh, Saudi Arabia. Saudi Arabia's oil company Aramco said Wednesday, march 11, 2020, it will increase production capacity to 13 million barrels per day, up from 12 million per day, part of a strategy to dominate market share amid a slowdown in demand due to the outbreak of a new virus. (AP Photo/Amr Nabil, File)

Oil giant Saudi Aramco sees 2019 profits drop 20% to $88.2B

Mar. 15, 2020 4:57 AM EDT

DUBAI, United Arab Emirates (AP) — Oil giant Saudi Aramco said Sunday its profits dropped 20% in 2019 to $88.2 billion, a sharp decline coming as the kingdom stands ready to flood an already-weakened global energy market amid the new coronavirus pandemic. The announcement by the firm formally known as the...

FILE -  In this March 8, 2020, file, photo, an Emirati trader passes under the stocks display screen at the Dubai Financial Market in Dubai, United Arab Emirates. The United Arab Emirates will shut down its schools for four weeks as the coronavirus threatens global oil prices, airlines and Dubai’s upcoming Expo 2020 world’s fair. (AP Photo/Kamran Jebreili, File)

Saudi, UAE economies rocked by plunging oil prices and virus

Mar. 11, 2020 9:57 AM EDT

DUBAI, United Arab Emirates (AP) — It's been a turbulent week for Saudi Arabia and the United Arab Emirates, and it's only Wednesday. Already pained by years of economic slowdown and unpopular austerity measures, Gulf Arab states now face the most challenging headwind to their stability: crashing oil...