Saudi Aramco, US Firm NOV Sign Deal for Onshore Oil Rigs, Equipment

Saudi Aramco signed a deal with Houston-based National Oilwell Varco Inc. (NOV) to form a joint venture to make onshore rigs and equipment in Saudi Arabia, according to a press release by Aramco and reported in several news outlets.

Saudi Arabia

News, analysis, and more

Saudi Economy

Trump’s Bid to Weaken Iran Is Strengthening the Saudi Economy

The Trump administration’s effort to drive Iranian oil exports down to “zero” is boosting the fortunes of Tehran’s rival, Saudi Arabia, and putting the U.S. ...



UAE, Saudi economies ‘to be stronger’ in 2018 despite VAT impact

PwC delivers upbeat verdict on non-oil GDP growth this year despite some short-term weaknesses surfacing in early 2018 ...


Saudi Sheikhs

The Enlightened Sheikhs of the New Saudi Arabia

The Enlightened Sheikhs trend started in 2009 when Ahmed al-Ghamdi, former head of the Committee for the Promotion of Virtue and the Prevention of Vice ...


Driving Economy

Opportunistic or inspiring? Four car firms celebrate women driving in Saudi Arabia

PRWeek looks at four carmakers' films that celebrate the ending of a ban on women driving in Saudi Arabia - and asks whether they get ...


Saudi Women Drivers

Burger King gives Saudi Arabia’s new female drivers free ‘WhoppHers’

For a whole month, from June 24 to July 24, Burger King Saudi Arabia is giving its signature burger free to any woman in the ...


Travel and Tourism

Saudi Arabia family travel amounts to 73% of all outbound trips

Family travel made up 73.1% of total outbound trips from the country in 2017. This is substantially higher when compared to the global average which ...



Saudi Arabia raises 3.1 billion riyals in domestic sukuk tap

Saudi Arabia's finance ministry sold 3.10 billion riyals ($827 million) of local currency Islamic bonds in its monthly debt sale by re-opening an issue originally ...


Saudi Electricity Company

Saudi Electricity Company explains rise in bills, invites unhappy customers to contact it

The company recently started issuing all bills for its 9 million customers on the 28th of every month, in accordance with a royal decree. ...


Saudi Aramco

Saudi Aramco signs deal to make onshore oil rigs, equipment

Saudi Aramco signed a deal with National Oilwell Varco Inc. (NOV) to form a joint venture to make onshore rigs and equipment in Saudi Arabia, ...



Saudi universities to open doors to small businesses in R&D push

Small businesses in Saudi Arabia are to be given access to the research facilities of local universities, under plans being developed by the country’s Research ...



Saudi regulator warns 14 insurance firms that licences could be withdrawn

SAMA says that firms have not complied with the necessary regulatory requirements for the insurance sector ...



Saudi Arabia’s SABIC working on tightening Clariant ties: sources

Saudi Basic Industries Corp (SABIC) (2010.SE) is considering increasing its holding in Clariant (CLN.S) and pursuing joint ventures as the Saudi firm looks to strengthen ...



Saudi says to accept applications for mill privatisation Aug. 26

Saudi Arabia’s state grain buyer SAGO said on Thursday it would start accpeting applications for qualification of potential investors interested in the sale of its ...


Saudi +

Regional and related topics

Oil Prices

Saudi-Russian axis rules oil markets as Trump fights Iran

Iran may be Russia’s ally in the Syrian conflict but when it comes to oil, Tehran’s arch-enemy Saudi Arabia takes precedence - if last week’s ...



Looking at the war in Syria through a Syrian photographer’s eyes

Katan says in the book that while growing up in Aleppo, he never imagined war could happen. He was just 17 when the protests broke ...


EU Migrant Policy

EU leaders hail summit victory on migration but details scant

European leaders have papered over the divisions on migration with a promise that some EU countries would take in migrants rescued from the Mediterranean sea, ...


War in Yemen

Battle for Hodeidah: Fears grow for Yemeni civilians as negotiations between coalition and Houthis falter

The United Nations-brokered negotiations are ongoing as of Thursday, a source close to the talks told The Independent, but all parties have so far been unable ...



Commentary: Mattis’s Last Stand Is Iran

While Mattis would love to counter Iran’s “malign influence,” his worries about a war are grounded in the latest Defense Department assessments about the state ...



Commentary: Iranian hard-liners smell blood as Rouhani under fire over economy

After a long silence, Rouhani — in a rare, explicit speech June 27 — demonstrated his determination to resist and confront his opponents, calling for national ...



Taliban: We’re ‘another name of the Afghan nation’

During the Taliban’s response – which reiterated that all foreign forces must leave before negotiations can begin, a consistent Taliban position for more than a ...



Turkey’s ex-opposition legislator arrested for ‘terror’ links

Turkey's state-run news agency says a former opposition party lawmaker has been arrested on charges of aiding a network led by U.S.-based cleric Fethullah Gulen, ...



Libyan coastguard says 100 migrants may have drowned near Tripoli

This year just over 11,400 arrivals from Libya have been registered by Italy’s interior ministry, more than 80 percent fewer than during the same period ...


Syria Civil War

Italian officials allegedly met with Syria’s top military adviser

A secret meeting that is alleged to have taken place between a senior military adviser to Syria’s president, Bashar al-Assad, and top Italian officials has ...


Recent Editions