Kuwait's ruler Tuesday named Sheikh Sabah al-Khalid al-Sabah as prime minister, elevating him from his role as foreign minister, after a row between ruling family members and parliament in the Gulf state led the last government to quit. Emir Sheikh Sabah al-Ahmad al-Sabah initially tapped...

Kuwait’s caretaker prime minister Sheikh Jaber al-Mubarak declined to be reappointed as premier in the OPEC oil producer on Monday, rebuffing the offer from the ruling emir after submitting the government’s resignation last week. The cabinet resignation came after lawmakers sought a...

Saudi Arabia on Sunday put a value of up to $1.71 trillion on energy giant Aramco in what could be the world's biggest IPO, but missed Crown Prince Mohammed bin Salman's initial target of $2 trillion. Aramco said it would sell 1.5 percent of the company in a blockbuster initial public...

Kuwait's defense minister said Saturday that the government's recent resignation was triggered by the alleged embezzlement of nearly $800 million from a military aid fund. "It is the main reason for the government's resignation", said Sheikh Nasser Sabah al-Ahmad Al-Sabah, two days after...