Saudi Aramco Earned $33.8 billion in the first half of 2017, Has ‘Virtually No Debts’, Data Reviewed by Bloomberg Says

Crown Prince Mohammed bin Salman.
A first glimpse at Saudi Aramco's finances by Bloomberg News reveals the state oil giant made a whopping $33.8 billion in net income in the first half of 2017 and has very little debt, according to a series of stories published by the news site.

Saudi Arabia

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Saudi Aramco

The Aramco Accounts: Inside the World’s Most Profitable Company

Now, a first glimpse of the state oil giant’s finances shows Aramco churned out $33.8 billion in net income the first six months of 2017, ...


Saudi Refining

Saudi Aramco Signs Mega-Refinery Deals

Saudi Aramco has participated in business discussions around the world over the last month - signing refinery deals with Total, Petronas and an Indian petrochemical ...


MBS US Visit

Mohammed bin Salman’s visit breaks new ground in Saudi-US relations

If you look at the kind of businessmen Mohammad Bin Salman chose to meet with during his trip, you will find that the majority of ...


Houthi Missile Attack

Saudi Arabia intercepts ballistic missile fired by Houthis over Jazan

Saudi Air Defense forces intercepted on Thursday evening a ballistic missile over Jazan fired by the Houthi militia. ...


VLCC Shaden

Saudi Supertanker Fully Laden with American Oil Arrives Off China

Shaden’s departure marked the first time a fully laden supertanker sailed from an American port. Since then, at least one other VLCC has loaded at ...


Saudi Fashion Week

Inside Saudi Arabia’s first-ever fashion week

Other designers and brands in attendance include cool-kid brand Opening Ceremony and local designer Arwa Banawi, whose youthful line, the Suitable Woman, has amassed 23K ...



The Kickboxer Who Is Empowering Saudi Women By Teaching Them To Fight

The women work themselves into a frenzy, guided by their coaches and watched over by gym owner Halah Al-Hamrani. She wears a sleeveless shirt emblazoned ...


Religion in Saudi Arabia

5 facts about religion in Saudi Arabia

The kingdom has more than 30 million inhabitants, and roughly 93% of them are Muslim, according to Pew Research Center data. ...



Boeing establishes joint venture with Saudi Arabian Military Industries for aircraft maintenance

Chicago-based Boeing and state-owned Saudi Arabian Military Industries (SAMI) signed on March 30 a memorandum of agreement (MoA) to develop a new joint venture aiming ...



Phillip Cornell on Saudi Arabia’s Public Investment Fund: Video

Phillip Cornell, nonresident senior fellow with the Atlantic Council’s Global Energy Center, discusses Saudi Vision 2030’s drive for investment through the Public Investment Fund, and ...



Spain signs $2.2 billion framework deal to sell warships to Saudi Arabia

A Spanish Defence Ministry source said that under the deal, Navantia would sell five small warships, Spain’s army would train Saudi military personnel and contractors ...


Arab League

No solution to Qatar crisis at Arab Summit: Saudi FM

The Gulf crisis, which has seen Qatar isolated by Saudi Arabia and its allies, is not on the table at the upcoming meeting of Arab ...


Business Registration

Saudi Arabia speeds up business registration to one day

The new service will allow full registration of a company’s details without the need for attestation by a notary, using electronic authentication instead. The service ...


Foreign Labor

Saudi: More than 1,500 expats leave the country everyday

During the past few months of this year, as many as 270,000 expatriates left on final exit visa compared to 541,000 during the same period ...


Saudi +

Regional and related topics

Russia in the Region

Syria: what is ‘deconfliction’ and what form might US strikes take?

The term refers to attempts to avoid misunderstandings and potential direct clashes between Russia and the west in Syria, where for years Russia has been ...


Syria Chemical Attack

Mattis Confirms Chemical Weapons Attack in Syria, But No Trump Decision to Strike Yet

Defense Secretary Jim Mattis told lawmakers he believes a chemical weapons attack occurred in Syria last weekend, but the Trump administration was still assessing conclusive ...


Syria Chemical Attack

Syria ‘chemical attack’: France’s President Macron ‘has proof’

France's President Emmanuel Macron says he has "proof" that the Syrian government attacked the town of Douma with chemical weapons last weekend. He said he would ...


Global Oil Markets

IEA report: Middle East tensions can continue to propel oil prices

Crude futures surged to highs not seen since December 2014 Wednesday, underpinned by greater geopolitical uncertainty in the Middle East and elevated concerns over the ...


Global Oil Markets

China-U.S. Trade Dispute Could Knock Oil Demand, Says IEA

In its closely watched monthly oil market report, the IEA said it continued to expect global oil demand to grow by 1.5 million barrels a ...


Gulf Bond Issues

Trade Wars and Bond-Offs: Side Effects of Tariffs and Tactical Borrowing Hit the Gulf

According to analysis on Bloomberg, Saudi Arabia may have sweetened its offer to investors to leave little room for allocations to the Qatari bond, and ...


Joint Enterprise Defense Infrastructure

Google is Pursuing the Pentagon’s Giant Cloud Contract Quietly, Fearing An Employee Revolt

In September, Defense Department officials announced that they would be moving onto the cloud in a big way. The Joint Enterprise Defense Infrastructure, or JEDI, ...


Middle East Soccer

Commentary: The Rise, Fall, and Rise Again of the Politics of Middle Eastern Soccer

In today’s modern world, soccer pitches, particularly in the Middle East and North Africa, were frequently viewed as barometers of the public mood and indicators ...


Iran Nuclear Agreement

Renewed sanctions need not mean U.S. exit from Iran deal: Mnuchin

Democratic Representative David Price pressed Mnuchin on the issue, saying: “Are you saying that failing to waive the sanctions would not constitute pulling out of ...


Terrorism Roots

Analysis: Does economic deprivation create terrorists?

Despite of these challenges, what have we learned about economic deprivation and terrorism? Overall, the evidence is mixed, and sometimes yields inconsistent conclusions. ...


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