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Gulf Arab Region

Aramco says IPO timing depends on 'market conditions'

Saudi Aramco said Sunday the timing of its long-awaited stock market debut "will depend on market conditions," after the latest delay in the blockbuster initial public offering. The IPO forms the cornerstone of a reform programme conceived by the kingdom's de facto ruler Crown Prince...

Environmentalists slam banks over Aramco IPO support

Banks aiding a stock market float for Saudi oil giant Aramco will be "devoid of all sincerity" regarding environmental and social concerns, green and rights groups jointly said Thursday. Addressing directly chief executives of Bank of America, Citigroup, Credit Suisse, Goldman Sachs, HSBC,...

Pakistan says talks with Riyadh, Tehran 'encouraging'

Pakistan's foreign minister said Tuesday that Prime Minister Imran Khan's talks with Tehran and Riyadh had been "encouraging" after visits to try to defuse rising tensions in the Gulf. Khan travelled to Iran and Saudi Arabia as a "facilitator" between the arch-rivals, following a series of...

Kuwait ruler Emir Sheikh Sabah has returned to Kuwait: KUNA

Kuwait’s 90-year-old ruler Emir Sheikh Sabah al-Ahmad al-Sabah returned home on Wednesday after hospital treatment in the United States, state news agency KUNA said. Sheikh Sabah has ruled the U.S. ally and OPEC oil producer since 2006 and steered its foreign policy for more than 50...