PIF Selects Goldman Sachs, Bank of America Merrill Lynch and Michael Klein Selected to Advise on SABIC sale

Saudi Arabia’s sovereign wealth fund has chosen Goldman Sachs, Bank of America Merrill Lynch and Michael Klein as advisers on its planned sale of a stake in petrochemicals firm SABIC to Saudi Aramco, sources familiar with the process told Reuters.

Saudi Arabia

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Saudi Oil Policy

Why The U.S. Is Suddenly Buying A Lot More Saudi Oil

In the last week of October 2017, the four-week average of U.S. imports from Saudi Arabia was just 506,000 bpd—almost half of the four-week average ...


U.S-Saudi Relations

DOE: US, Saudi Energy Ministers Meet in Washington 

Perry and Falih discussed the state of world oil markets, the potential for U.S.-Saudi civil nuclear cooperation and efforts to share technologies to develop “clean ...



Saudi stocks slump amid emerging markets sell-off

Saudi Arabia’s stock market dipped on Tuesday as lingering trade disputes weighed on emerging markets. ...



Spain to hold talks with Saudi Arabia over bomb sale, after halting it

Spain said on Monday it would hold talks with Saudi Arabia over the sale of 400 laser-guided bombs to the Gulf kingdom, after confirming last ...



Saudi’s SABIC signs MOU to build petrochemical complex in China

Saudi Basic Industries Corp (SABIC) on Tuesday signed a memorandum of understanding (MOU) with China’s Fujian provincial government to build a petrochemical complex. ...



Saudi rail chiefs reveal expansion plans for freight, passengers

Saudi rail chiefs plan to turn the Kingdom into a global logistics hub with an expanded network of commercial and industrial freight services. ...



Saudi Group Seeks to Stop Banks Claiming Assets After Default

LISTEN TO ARTICLE 1:51 SHARE THIS ARTICLE Share Tweet Post Email In this article ARNB ARAB NATL BANK 32.00SAR-0.80-2.44% 3330775Z SAAD GROUP Private Company SAMBA SAMBA 28.80SAR-0.25-0.86% SABB SAUDI BRITISH BK 31.60SAR-0.75-2.32% Ahmad Hamad Algosaibi & Brothers Co. will seek to prevent Arab National Bank ...


Saudi Workforce

Saudization in 4 retail sectors: Inspections begin today

The four trading activities to be 70% Saudized include car and motorbike showrooms, shops selling ready-made garments for men and children, home and office furniture ...



Saudi Arabia’s Salic Is Said to Be Close to Ukraine Farming Deal

The Saudi Agricultural & Livestock Investment Co. is close to acquiring a farming company in Ukraine, a grain-producing powerhouse in the Black Sea region, according ...


Cyber Security Training

Saudi Monetary Authority Launches Cyber-Security Training Program

SAMA explained that the 26-week program will be held in Saudi Arabia and United States, through which 26 trainees will attend seminars, meetings and scientific ...


Oil Exports

Asia buyers to receive more Saudi oil ahead of Iran sanctions

At least three North Asian buyers will receive extra supplies of oil from Saudi Arabia after the kingdom cut its prices for most grades in ...



Three arrested in Saudi Arabia for posing as officials, bribing journalists

Three men have been arrested by Saudi police after appearing in a video purportedly tricking a journalist into believing a gift to her was from ...


Saudi +

Regional and related topics

Syria Civil War

US-backed force attacks last IS pocket in eastern Syria

A US-backed militia alliance has begun what it says is the final stage of a campaign to clear the Islamic State (IS) group from north-eastern ...



US marks 9/11 anniversary; Trump to mark it at Pennsylvania memorial

Thousands of 9/11 victims' relatives, survivors, rescuers and others are expected at Tuesday's anniversary ceremony at the World Trade Center, while President Donald Trump and ...



On 9/11 Anniversary, U.S. Nears 17 Years of Afghan War

The U.S.-led invasion of Afghanistan in October 2011 quickly evolved from a mission to capture or kill Osama bin Laden and al-Qaeda’s leadership to one ...


Global Oil Markets

Could Oil Demand Peak in Just Five Years?

The time left before global demand for crude peaks is increasingly tightening, according to new projections from industry analysts. Two reports published this week point ...


U.S. Middle East Policy

Commentary: A bold bid in the Middle East to rewrite the diplomatic rulebook

Full details of the Trump administration’s Middle East peace policy have yet to be announced, but its driving principle is not in doubt: that because ...



Trump Administration to Shut Palestinian Office

The Trump administration ordered the closure of the Palestinian diplomatic mission in Washington on Monday and threatened sanctions against the International Criminal Court if it ...


TV Representation

Only 1% Of US TV Actors Are Middle Eastern Or North African

A new study has found that actors of Middle Eastern and North African (MENA) descent only make up 1% of actors on U.S. television. ...



Dreams Turn Sour as Turkey’s Building Boom Sags

Zeynep Duzgunoglu lives in a tent at a sandpit in Turkey’s megalopolis after agreeing to have her house razed two years ago. ...



Djibouti nationalises key port terminal after row with Dubai

The terminal is an essential facility for supplies to neighbouring landlocked Ethiopia. The Djibouti government had a two-thirds stake in the venture but claimed that ...



YouTube shuts down pro-Syrian government channels

YouTube has suspended the accounts of at least three media outlets run by the Syrian government, weeks after a report claimed the channels were violating ...



Google Launches Job Search Feature For Arab World

Starting today, users in 15 Middle East countries will find a series of results from across the web on the main Google Search results page, after ...


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