Saudi King and Crown Prince Condole Kuwait
In a heartfelt gesture of solidarity, Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman expressed their deepest condolences to the Emir of Kuwait on Monday following the passing of Sheikh More »
Putin and Abbas Discuss Gaza Crisis
Russian President Vladimir Putin is set to meet with Palestinian President Mahmoud Abbas on Tuesday during Abbas’ visit to Russia. Arriving on Monday, Abbas aims to discuss the ongoing Gaza conflict with More »
Saudi Arabia Voices Strong Support for Gaza Peace Initiatives
Saudi Arabia has firmly aligned itself with the recent joint statement made by President Joe Biden of the United States, President Abdel Fattah El-Sisi of Egypt, and Sheikh Tamim bin Hamad Al-Thani, More »
Saudi Crown Prince, US Secretary of Defense discuss troop deployment
:: Saudi Arabia’s Crown Prince Mohammed bin Salman received a phone call on Wednesday from the US Secretary of Defense during which they discussed ongoing arrangements to send US troops of a More »
Saudi Energy Minister confirms restoration of Kingdom’s gas production capacity
:: Saudi Arabia’s Minister of Energy confirmed on Wednesday the restoration of production capacity, affirming the Kingdom’s position as a reliable energy supplier in the global market. The energy minister, Prince Abdulaziz More »
Tag Archives: SAUDI ARAMCO
Foreign investors to be given full access to Saudi parallel market
:: Saudi Arabia plans to make its capital market more accessible to foreign investors by giving them full access to NOMU, a parallel market recently launched for small and medium-sized enterprises, Mohammed El-Kuwaiz, chairman of the Capital Market Authority (CMA)
Lagarde warns of dark future for planet if climate change is ignored and world is ‘toasted and roasted’
:: The planet faces a “dark” future in 50 years if leaders fail to address climate change and growing global inequality, Christine Lagarde, head of the International Monetary Fund, said during a panel discussion at the Future Investment Initiative (FII)
Saudi Aramco IPO on track for second half of 2018, CEO says
:: Saudi Aramco’s initial public offering will take place in the second half of 2018, CEO Amin Nasser said Monday, dismissing reports that the oil giant’s plans could be shelved. “We have always said that we will be listing in
Saudi Arabia, Iraq discuss economic opportunities in Jeddah meeting
:: Saudi Minister of Energy, Industry and Mineral Resources Khalid Al-Falih discussed economic opportunities in a meeting with visiting Iraqi Oil Minister Jabar Al-Luaibi. Al-Falih told News Agency that they discussed Iraq’s huge mineral reserves, which have yet to be
Saudi Aramco’s transformation is underway
By : Frank Kane :: After much gestation, Saudi Aramco published its annual review last week. It is an invaluable snapshot of the world’s biggest oil company in a period of transition, as it plays a crucial role in the
Saudi Aramco takes ownership of the largest US oil refinery
:: Saudi Aramco now officially owns the largest oil refinery in America and the 600,000 barrels processed per day in Texas, a news report has revealed. According to a report in the Washington Times, Royal Dutch Shell (RDSA) released a
Saudi Aramco CEO says oil market rebalancing after OPEC-led cuts
The oil market is moving towards a balance between supply and demand with the help of an agreement reached between OPEC and other producers to cut production, the chief executive of Saudi Aramco said on Thursday. The Organization of the
Saudi deputy crown prince: ‘If Saudis convinced by reforms, sky is the limit’
Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman said that if recent reforms being made in the kingdom were convincing to the Saudi people, then “the sky is the limit.” Speaking to the Washington Post’s David Ignatius this week, Prince
HSBC predicts 100 Saudi Arabian listings in privatization drive
Saudi Arabia’s privatization drive is likely to result in around 100 new stock market listings in sectors including mining, healthcare and retail, a top HSBC executive said on Monday. Georges Elhedery, HSBC’s chief executive for the Middle East and North
Saudi Aramco raises $3 bln with debut sukuk – sources
Saudi Aramco has raised $3 billion (11.25 billion riyals) in its debut sukuk issuance, sources familiar with the matter said on Wednesday. The Islamic bond, part of a program to raise 37.5 billion riyals, is the oil giant’s first fundraising
Riyadh gaining ground in race to be Gulf financial hub
By : Frank Kane One of the constant themes of financial policy in the Gulf region over the past decade (the length of time I have been writing about it) has been the race between regional cities to become the
Saudi Aramco formally appoints banks to advise on share sale
Saudi Aramco has formally appointed JPMorgan Chase & Co, Morgan Stanley and HSBC as international financial advisers for its initial public offering, sources familiar with the matter told Reuters. The trio join Moelis & Co and Evercore, which have been
Mitsubishi UFJ optimistic on Saudi project finance, Aramco IPO role
Mitsubishi UFJ Financial Group (MUFG) expects double-digit growth in its project finance business in the Middle East in 2017, driven partly by Saudi Arabia’s efforts to reduce its dependence on oil, the bank’s co-head in the region Elyas Algaseer said.
500 Saudis, Chinese businessmen discuss new opportunities
A one-day Saudi-Chinese Investment Forum ended in an upbeat mood on Thursday with 45 agreements signed between China and the Kingdom. Abdullah Al-Meleihi, board member of the Council of Saudi Chambers (CSC), told Arab News from Beijing that the Saudi
Saudi Arabia warns over cyber attacks as labor ministry hit
Saudi Arabia warned organizations in the Kingdom on Monday to be on the alert for cyber attacks including a version of the destructive Shamoon virus, as a chemicals firm reported a network disruption and the Ministry of Labor and Social
Saudi Aramco, Bahri, Lamprell ink deal for maritime complex
Saudi Aramco has signed a memorandum of understanding (MoU) to establish a shipbuilding and repair complex in the Kingdom. According to the oil giant, Saudi Aramco and the National Shipping Company of Saudi Arabia (Bahri) have amended the expired MoU
Aramco stops bus service
Saudi Aramco has decided to stop transporting its staff to work from Qatif after one of its busses was attacked by four armed men and set alight on Tuesday in Qatif. A letter was sent to the staff by the
Aramco expands fuels research program in US
The Aramco Research Center-Detroit was inaugurated recently as one of three US-based research and development (R&D) centers aimed at expanding the global research capabilities of Saudi Aramco, the leading global integrated energy and chemicals company. The new facility, located in
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