Saudi Aramco delays planned IPO until after earnings update, seeks local listing

Saudi Aramco has delayed the planned launch of its initial public offering "in hopes that pending third-quarter results will bolster investor confidence in the world’s largest oil firm," Reuters reports, citing two sources familiar with the matter.

Saudi Arabia

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Aramco IPO

Saudi Aramco delays planned IPO until after earnings update: sources

In a statement to Reuters on Friday, Saudi Aramco said: “The company continues to engage with the shareholders on IPO readiness activities. The company is ...


Saudi Oil Exports

Saudi crude exports remain steady at 6.88 million bpd in August: JODI data

The country’s crude output also rose 209,000 bpd to 9.789 million bpd in August, a month after falling to its lowest since March 2014. ...


Foreign Labor

Saudi Calls For Freeze On Expat Fees For 2020

The Shoura Council in Saudi Arabia has requested a freeze on the expatriate fee on companies and dependents fee on expatriates for 2020. The study will ...


Traveling in Saudi

An unfiltered guide to getting around in Saudi Arabia (as a foreign woman)

Also gems are the Saudi people, who are unfailingly welcoming despite vast language and culture barriers. Wandering through markets, I was something of a curiosity ...


Riyadh City

Saudi Arabia’s Riyadh symposium to highlight $23bn worth megaprojects

Saudi Arabia’s Royal Commission for Riyadh City (RCRC) – formally known as Riyadh Development Authority – has invited international experts to participate in Riyadh: The ...



Saudi Aramco, ACWA Power to invest $3 bln to build LNG plant and terminal in Bangladesh

Saudi Aramco and ACWA Power signed a deal with Bangladesh on Thursday to develop a 3,600-megawatt LNG-based power plant and terminal in the country. As part ...



Saudi Arabia’s privatization goals fall short on progress

One example is the plan to privatise Riyadh airport, which has been put on hold since 2018. Officials at the time described the move as ...


Saudi Arabia to host region’s largest global gaming tournament

PUBG MOBILE has taken the world by storm since its release in 2018 with in excess of 400 million downloads. Its involvement in Riyadh Season ...



Without Saudi support, SoftBank opts to back WeWork directly

We Co.'s valuation, once reaching $47 billion, has slipped below $20 billion. The plunge is expected to slash profit at SoftBank's investment fund operations for ...


U.S.-Saudi Relations

Saudi students escaping US justice: Oregon’s Wyden passes bill to declassify what FBI knows about kingdom’s suspected role

U.S. Sen. Ron Wyden on Thursday muscled through a bill that could force the Trump administration to publicly disclose what it knows about the Saudi ...



Saudi king appoints new central bank deputy governor

Saudi Arabia’s King Salman has appointed Ayman bin Mohammed Alsayari deputy governor for its central bank the Saudi Arabian Monetary Authority (SAMA), state news agency ...



Saudi Arabia and Palestinians agree to establish economic committee, joint business council

Saudi Crown Prince Mohammed bin Salman and Palestinian President Mahmoud Abbas agreed to establish an economic committee and joint business council on Thursday, Saudi Press Agency reported. ...


Saudi +

Regional and related topics


Inside Mike Pence’s 9 hours in Turkey

"This is what Turkey wanted and what POTUS green lighted. I do think one reason Turkey agreed to it is because of the Kurds have ...


Turkey in the Region

Syria ‘ceasefire’: Clashes continue despite US-brokered deal with Turkey

"SDF are committed to the ceasefire, but from last night until this morning we are seeing shelling on Ras al-Ain by the Turkish military and ...


Trump Foreign Policy

Turkey’s Erdogan ‘threw Trump’s Syria letter in bin’

Donald Trump's mixture of threats and locker-room banter infuriated Turkey's President Recep Tayyip Erdogan. His staff told the BBC that he threw the letter into ...


Anti-ISIS Campaign

ISIS eyes breakout opportunity as Turkish forces batter Kurds

Despite Thursday’s announced cease-fire, Turkey’s week-old incursion into northeast Syria is already proving to be a propaganda windfall for the extremist group, which in recent ...



Turkish state-run Halkbank funneled billions to Iran, U.S. charges say

Halkbank illegally transferred $20 billion worth of restricted Iranian funds, prosecutors said. "The bank's audacious conduct was supported and protected by high-ranking Turkish government officials, some ...



Pompeo meeting with Netanyahu in Israel after Erdogan meeting in Turkey

Netanyahu thanked Pompeo and U.S. President Donald Trump for their continued support of Israel. "The Middle East is a sea of troubles and turbulence but ...



Iran-backed militias deployed snipers in Iraq protests – sources

The deployment of militia fighters, which has not been previously reported, underscores the chaotic nature of Iraqi politics amid mass protests that led to more ...



Lebanon scraps WhatsApp tax as protests rage

The Lebanese government has backtracked on plans to tax WhatsApp calls as protests rage over the government's handling of an economic crisis. It had announced a ...



Why do so many Australians speak Arabic?

Although most people surely know that the second-most spoken languages in Canada and America are French and Spanish, respectively, those ranked third are less easy ...


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