Saudi Arabia has replaced its veteran oil minister as part of a series of nation-wide economic reforms. After more than two decades in the post, Ali Al-Naimi will be succeeded by Khalid Al-Falih, who is currently the chairman of state oil company Saudi Arabian Oil Co. The change comes as the world’s largest crude exporter embarks on an economic overhaul designed to make it less reliant on energy. The moves are part of a wider government revamp that also saw the appointing of a new central bank governor.
Eleven agreements signed at Al Ain Future Business Forum
UAE, Argentina launch CEPA negotiations
Meraas awards AED 1 billion contract for Nad Al Sheba Gardens expansion
Meta launches AI gadget Charm as race for post-smartphone hardware heats up
UAE Central Bank sanctions Bank Melli Iran over compliance breaches
