Former Saudi ministry to head Islamic Development Bank

The Islamic Development Bank (IsDB) Sunday announced the appointment of the Saudi former Economy and Planning minister, Sulaiman Al-Jasser, as the new president of the financial institution. Al Jasser, according to a statement of the bank, has been approved by Read more

Saudi Arabia Suspends Oil Shipments to Egypt Indefinitely

Egyptian authorities on Monday said Saudi Arabia has indefinitely halted shipments of oil products that were part of a $23-billion aid deal with the North African nation. According to Egyptian Oil Ministry spokesman Hamdi Abdel-Aziz, Saudi Arabia’s Aramco, the world’s Read more