Saudi king names son as US envoy as ties boosted with Trump

"The royal order returns all allowances, financial benefits, and bonuses to civil servants and military staff", the Arab News report said, citing the decree. Even after the government further eased the requirements to access the market previous year, foreigners hold less than 5 percent of the total market capitalization.

Saudi Arabia is looking forward to have a strong and friendly relations with the US following the recent visit of Saudi Deputy Crown Prince bin Salman with President Trump at the White House.

He was received at the airport by Saudi King Salman bin Abdulaziz Al Saud.

US officials say the Trump administration is considering ways to boost military support for the Saudi-led fight against Iran-backed rebels in Yemen.

Saudi Arabia's King Salman bin Abdulaziz issued new royal decrees on Saturday night making a number of new appointments, including a new ambassador to the United States, cabinet reshuffle and scheduling of all exams before start of Ramadan - the holy month of fasting.

Saudi Arabia also suspended all memoranda of understanding and agreements signed with Sisi during Salman's visit to Cairo in April 2016.

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On Friday, Egyptian Foreign Minister Sameh Shoukry said the visit would also be a good opportunity to discuss global and regional developments in light of the new USA foreign policies under the Trump administration, especially after El-Sisi's recent visit to Washington.

During the upcoming visit, Sisi will meet King Salman, and the two leaders will tackle their different points and how to enhance their ties.

Saudi Arabia and Iran are regional rivals, and back opposing sides in the wars in Syria and Yemen.

Salman fired Minister of Civil Service Khaled Al Araj, who will be investigated by a committee of the royal court.

Awad Al-Awad was named minister of culture and information, another key position in the government, replacing Adel Al-Toraifi. Fahad Bin Turki was promoted to replace him.

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