Saudi Aramco Agrees to Buy 70% Stake in SABIC from Kingdom’s Public Investment Fund

Saudi Arabia’s national oil company Saudi Aramco has agreed to buy a 70% stake in Saudi Basic Industries Corporation (SABIC), the kingdom’s leading petrochemical firm, for $69.1 billion in a private transaction, SABIC said in a press release.

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Saudi Aramco reaches deal to buy majority stake in Sabic

Wednesday’s agreement comes as Aramco, the world’s largest oil company by production, is expanding its high-value downstream operations, which includes refining crude oil into fuels ...


Aramco $ Bond

Saudi Aramco to meet investors next week ahead of debut dollar bond – sources

Saudi Aramco will start meeting bond investors next week to persuade them to buy its debut international bond, which will help the world’s largest oil ...



US Trump administration approves nuclear power work for Saudi Arabia

Perry’s approvals, known as Part 810 authorizations, allow companies to do preliminary work on nuclear power ahead of the deal, but not ship equipment that ...



German government split on Saudi arms ban

The German government cannot decide whether to continue its arms embargo against Saudi Arabia. The ban on exports is due to expire this week, and ...


Jamal Khashoggi

Pompeo commits U.S. to finding, punishing those behind Saudi journalist’s murder

“We will continue to work to identify those who are responsible for Jamal Khashoggi’s murder and hold them accountable,” Pompeo told the House Foreign Affairs ...



Eleven female Saudi activists appear in Riyadh court

Eleven female Saudi Arabian activists have appeared in court in Riyadh for the latest hearing in their trial on unspecified charges relating to their human ...



Perspective: Trump Should Salvage U.S.-Saudi Relations

It was striking how many researchers, activists, and government officials in Riyadh seemed defensive, resentful, and even angry when asked about the United States. “We’re ...


U.S.-Saudi Relations

US government training Saudis to build their own air marshal program

The US government is conducting a training program with the government of Saudi Arabia to aid them in standing up an air marshal program similar ...


KSA Expat Reunion

2019 KSA Expat Reunion Annuitants Get an Up Close Look at Kingdom’s Transformation

In collaboration with Saudi Aramco’s Transportation and Aviation departments, groups of reunion guests were able to experience longer visits to Abha and Asir, Riyadh, and ...



Saudi Arabia launches cultural transformation

Saudi Culture Minister Prince Badr bin Abdullah bin Farhan announced new initiatives designed to transform the cultural sector into an essential part of people’s everyday ...


Saudi Geology

The Edge of the World – Saudi Arabia

The Edge of the World (Jebel Fihrayn) is an unexpected and dramatic geological wonder in the rocky desert northwest of Riyadh, Saudi Arabia. ...


Art and Culture

Italy’s La Scala to run academy for Saudi girls and boys

The academy of Italy's premier opera house, Teatro alla Scala, has agreed to start a conservatory for both girls and boys in Saudi Arabia. The decision ...


Saudi +

Regional and related topics


Aramco Megadeal Takes Middle East M&A Volume Near Europe Levels

The Middle East -- not traditionally known for its M&A track record -- is outshining other regions as weak commodity prices force oil-rich Gulf states ...


Golan Heights

U.S. isolated at U.N. Security Council over Golan decision

The United States was isolated at the United Nations Security Council on Wednesday over President Donald Trump’s decision to recognize Israel’s sovereignty over the Golan ...


Jihadi Numbers

Low aim or intel failure? ISIS’ last stand shows the difficulty in estimating enemy manpower

“I don’t know the motivation or exact cause. I only know that I’ve come to learn that the U.S. is terrible at estimating overall force ...


U.S. Census

Are Arabs and Iranians white? Census says yes, but many disagree

Arab and Iranian communities for years have lobbied the bureau to create a separate category for people of Middle Eastern or North African descent. ...


Oil Prices

Oil Declines After Surprise Gain in U.S. Crude Inventories

Oil fell for a second day after an unexpected jump in U.S. crude stockpiles unnerved a market already anxious about faltering global demand. ...


Iranian Hackers

Microsoft says it has found Iranian hackers targeting U.S. agencies, companies and Middle East advocates

In the latest of a string of security actions, Microsoft has seized 99 websites it says were used by Iranian hackers to launch cyberattacks against ...


Office of Foreign Assets Control

United States Disrupts Large Scale Front Company Network Transferring Hundreds of Millions of Dollars and Euros to the IRGC and Iran’s Ministry of Defense

“We are targeting a vast network of front companies and individuals located in Iran, Turkey, and the UAE to disrupt a scheme the Iranian regime has used to illicitly move more than a billion dollars in funds,” said Treasury Secretary ...



Erdogan says Turkey must cut interest rates to fight inflation

Turkish President Tayyip Erdogan said on Thursday the central bank must cut interest rates or inflation will remain high, and he blamed the recent volatility ...



Iraq tells Mideast leaders Baghdad will take no sides

Iraq is moving toward being a “bridge between the region’s economies by linking infrastructure between the Gulf, Turkey and Iran on one side and between the Arab ...


U.S. Army

How the US Army cut programs to boost lethality

The service said many times over that it had reached an inflection point and needed to start sunsetting legacy systems to pay for the new ...



Qatar’s ‘desert rose’ museum opens at last

Qatar on Thursday will open the doors to one of its most lavish cultural projects yet, a sweeping national museum designed by French architect Jean ...


Israel Salt Cave

Israeli researchers say Sodom salt cave is world’s longest

Only a handful of salt caves are larger than a kilometer (half a mile) in length. Salt caves tend to only exist in highly arid ...


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