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The austerity plan announced by the oil rich kingdom earlier this year is on track, with the signing Monday of a series of royal decrees slashing the salaries of senior officials and councilors. The royal decrees, announced on state-run Ekhbariya Read more
President Hadi of Yemen thanked and applauded the efforts of the Saudi-led coalition and determination to reinstate him as the legitimate president of the country following his removal by the Houthi Movement. In a statement published by the official news Read more
A court in Egypt on Tuesday nullified the government’s decision to hand two Red Sea islands to Saudi Arabia. Egypt’s President Abdul Fattah al-Sisi had announced in April, during a visit by King Salman, that Tiran and Sanafir islands would Read more
A cabinet reshuffle by King Salman has led to the merging of several ministries in the oil rich kingdom and the new arrival of new ministers; the most noticeable being the appointment of a new oil minister, in the person Read more
Diplomatic ties between Saudi Arabia and the US could be straining as some members of the US congress push for a bill that will enable American courts to hold the Saudi government accountable for any role played in the September Read more
Egyptian officials on top of whom President al-Sisi allegedly received bribes from Saudi Arabia during King Salman‘s five-day visit to endorse agreements among which handover of the two Islands to Saudi Arabia, according to Saudi official documents leaked by former Read more
King Salman of Saudi Arabia who is in Turkey for the Organization of Islamic Cooperation summit held talks with President Erdogan on issues of common interest. Discussions centered mostly on regional security, stability and development. “The Muslim world is witnessing Read more
Public pressure is piling up on Egyptian President after government announced Saturday the handover of Egyptian islands in the Red Sea to Saudi Arabia, part of the billion-agreements signed during King Salman’s visit. Human rights activists, politicians and Egyptians have Read more
The Saudi monarch arrived in Cairo Thursday in his first visit to Egypt since ascending to the throne, a special visit said to announce several billion-dollar agreements to shore up and revive Egypt’s unraveled economy. King Salman’s visit has been Read more
The outlook for Saudi Arabia’s banks have changed to negative from stable by credit rating agency, Moody’s Investors Service, because bad loans are expected to rise over the next 12 to 18 months due to low oil prices and a Read more