Saudi Arabia's Public Investment Fund (PIF) announced plans Wednesday for a luxury tourism destination on its northwestern coast, the latest in a series of mega projects as the oil-reliant kingdom seeks to diversify. The project called "Amaala" would be "a natural extension of the...

Human Rights Watch on Tuesday accused Yemen's Huthi rebels of hostage-taking, torture and other serious abuses against people in their custody. The New York-based watchdog said it had documented 16 cases of illegal imprisonment by the Iran-backed Shiite insurgents, "in large part to...

The central bank of war-torn Yemen has raised interest rates on deposits to an all-time high of 27 percent in a bid to stabilize the plunging riyal that caused food prices to soar. The bank also raised interest rates on government bonds to 17 percent from 12 percent and banned taking out of...

Taxi driver Fahed Othman has been waiting to fill up at a petrol station in the Yemeni capital for two days, but when his turn finally comes the fuel has run out. "I don't have any other choice but to wait," the 35-year-old told AFP wearily. Hundreds of Yemenis queue up at...