SABIC

Report: Saudi Aramco Mulls Stake in SABIC

industry-industrial-petrochemical-factory-foreign-investment
Saudi Aramco has invited banks to pitch for an advisory role on the potential acquisition of a strategic stake in Saudi Basic Industries Corp (SABIC), two sources with direct knowledge of the matter told Reuters.

Saudi Arabia

News, analysis, and more

Aramco-Sabic Deal

Aramco-Sabic Deal Would Funnel Billions to Saudi Sovereign Fund

A potential deal between Saudi Arabia’s state-owned oil and petrochemical giants could enable the country’s sovereign wealth fund to raise billions of dollars it had ...

 

SPARK

New energy park ‘to boost Dammam real estate sector’

The development of King Salman Energy Park (Spark), one of the largest investments in Saudi Arabia's Eastern Province, is set to boost sectors of Dammam ...

 

Ministry of Economy

Saudi Arabia to present first national review of Sustainable Development Goals

The Saudi delegation comprises of a number of government and private-sector entities and representatives of charitable associations led by the Saudi Ministry of Economy and ...

 

Entertainment

Saudi official: Cinema sector will provide 90,000 jobs within 2 years

A Saudi official said his country’s film sector plans to provide some 90,000 jobs, permanent and part-time, to citizens of both sexes by 2020. ...

 

Art and Culture

World’s leading young violinist to give two concerts in Saudi Arabia

Chloe Chua, junior winner of this year’s world-renowned Menuhin competition, is to perform in Riyadh and Jeddah. ...

 

General Electric

Exclusive: General Electric’s power unit faces threat in Saudi Arabia

One of General Electric Co’s (GE.N) largest and most valuable customers, Saudi Arabia, is lining up competitors to bid against GE for lucrative power plant ...

 

Saudi-Ethiopia

Ethiopia asks Saudi for year’s worth of fuel, with payment delayed

Ethiopia has asked Saudi Arabia for a year’s supply of fuel with payment delayed for 12 months because of its chronic lack of foreign exchange, ...

 

Saudi Women

What Saudi Women Drivers Want: Muscle Cars

They rumble. They roar. And when a heel stamps on the gas pedal, they overtake. ...

 

Yemen Civil War

Yemen’s Houthis say they attacked Aramco refinery in Riyadh with drone

The Iranian-aligned Houthi movement in Yemen said it had attacked a Saudi Aramco refinery in Riyadh on Wednesday using a drone, but the oil ...

 

Lockheed Martin

Lockheed awarded $450.7M contract for Saudi patrol ships

Lockheed Martin out of Baltimore, MD. has received a $450.7 million modification to an existing contract for production of four Multi-Mission Surface Combatant ships for ...

 

Hajj 2018

Saudi Arabia shows vision for Hajj technology

Saudi Arabia's Ministry of Hajj and Umrah has released a video showing its vision of how pilgrimage will be supported by advanced technology in future. ...

 

Saudi +

Regional and related topics

Egypt

Egypt’s powerful president is facing unusual dissent over rapidly rising prices

Egyptian President Abdel Fatah al-Sissi is confronting one of the toughest challenges he has faced since seizing power five years ago, as rising prices linked ...

 

Syria Civil War

Syrian government reaches deal with rebels in Nawa

The Syrian government reached a reconciliation agreement Wednesday with rebels in Nawa, in southern Daraa province. ...

 

Afghanistan

Taliban, Islamic State continue battle in northern Afghanistan

Scores of jihadists from both the Taliban and the Islamic State’s Khorasan province have been killed in several skirmishes in northern Afghanistan over the past ...

 

Pakistan

Spokesman says Pakistan’s ex-PM jail conditions deplorable

A spokesman for the political party of Pakistan’s jailed ex-Prime Minister Nawaz Sharif says the former leader is being held in deplorable conditions as he ...

 

Missile Defense

Saudi Arabia’s defense forces intercept missile fired by Houthis at Jazan

Saudi Arabia’s air defense forces intercepted a missile fired toward the city of Jazan by Houthi militia at 10:50 a.m. local time on Thursday. ...

 

United Nations

Haley Defends U.S. Decision to Quit UN’s Human Rights Council

Ambassador Nikki Haley defended the U.S. decision to quit the United Nations Human Rights Council last month as a stand against “political corruption and moral ...

 

Iran

Iran to manufacture, upgrade up to 800 tanks: deputy minister

Iran intends to manufacture or upgrade up to 800 tanks, the Tasnim news agency quoted Deputy Defense Minister Reza Mozaffarinia as saying on Wednesday. ...

 

Israel

Israel Passes ‘National Home’ Law, Drawing Ire of Arabs

Israel’s Parliament passed legislation early Thursday that declared Israel to be the “national home of the Jewish people,” drawing heavy opposition from those who said ...

 

Recent Editions