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Gulf Arab Region

Uber CEO regrets calling Khashoggi death 'mistake'

Uber CEO Dara Khosrowshahi backpedaled Sunday after calling the murder of Saudi journalist Jamal Khashoggi a "mistake" by the Saudi government, according to the Axios news website.  Khosrowshahi made the remarks to Axios in an interview on U.S. cable channel HBO, saying: "I think that...

Kuwaitis protest: new political crisis on the horizon?

A demonstration held outside the Kuwaiti parliament over alleged rampant corruption was reminiscent of past crises that have marred political life in the oil-rich Gulf state. The gathering on Wednesday night by hundreds of protesters, the first of its kind in the emirate for several months,...

Saudis scramble to raise cash for Aramco share sale

From tapping lenders to selling personal assets, Saudis are scrambling to raise cash to invest in Aramco stocks after the oil giant announced its blockbuster market debut even as it offered few listing details. After years of delay and false starts, the state-owned company said on Sunday it...

Huge Aramco IPO hounded by big ifs

A long-awaited, mega stock listing of Saudi oil giant Aramco has prompted questions about its true value owing to geo-political risks, and the future of oil in general. Often billed as the world's most profitable and valuable company, Aramco plans to float two percent of its shares on the...