SAUDI ARAMCO

Saudi Aramco Opens its Books, Officially the World’s Most Profitable Company

Saudi Arabia’s energy minister Khalid Al Falih announced on Tuesday plans to develop the country's gas resources and extending a grid to UAE, Oman and Kuwait.
State-owned Saudi Aramco is the world's most profitable firm, eclipsing global heavyweights like Apple and Samsung, according to new data revealed ahead of a major bond issuance.

Saudi Arabia

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Saudi Aramco

Analysis: Saudi Aramco’s Double-Edged Advantage

What this all adds up to is that, when it comes to the integrated oil industry’s main financial metric, return on capital employed, Aramco is ...

 

Saudi Oil Policy

Saudi Arabia may keep May crude prices little changed

Top oil exporter Saudi Arabia is expected to keep prices of various grades of crude it sells to Asia little changed in May from the ...

 

Stock Market

Saudi Shares Overtake Turkey as Destination for U.S. ETFs

The amount of money that U.S.-based investors are pouring into Saudi Arabian equities has overtaken flows into Turkish stocks, a sign of the contrasting recent ...

 

Restaurants

Saudi women cook up a revolution in restaurant trade

Some female entrepreneurs in Riyadh and Jeddah are breaking new ground in more ways than one as they become part of a phenomenon more familiar ...

 

Squash

That Day a Saudi Junior won an International Title…

But how important is it for Squash in that country? It’s huge. The Olympic Committee tweeted about it, the General Sport Authority as well ...

 

Aramco $ Bond

Saudi Aramco commences bond roadshow, gets A1 rating

Investor meetings will be held in London, New York, Boston as well as Singapore, Hong Kong and Tokyo. Additionally, investors meetings will also be held in ...

 

Energy

KBR lands service contract to improve refinery in Saudi Arabia

Houston oilfield service company KBR has landed a service contract to help improve a refinery in Saudi Arabia. ...

 

Defense

Saudi crown prince lays cornerstone of Air War Center

The Air War Center will contribute to developing and modernizing combat plans against potential threats, developing and evaluating air force capabilities, standardizing combat concepts and ...

 

Stock Market

Investors Hold Back on Saudi Stock Bets

Foreign investors are treating Saudi Arabia’s stock market with caution following its addition to two major indexes, reflecting concern over a government campaign to pump ...

 

Saudi Aramco

Aramco’s Big Reveal: What We Learned About the Saudi Oil Giant

The $58.2 billion in dividends paid to the Saudi government last year indicates the company is worth closer to $1.2 trillion if it’s judged by ...

 

Real Estate

Update on the Saudi Arabian Real Estate Market

The real estate sector is one of the critical areas the government aims to enhance, with particular emphasis on residential real estate. ...

 

Saudi +

Regional and related topics

Turkey

U.S. Stops F-35 Parts Delivery After Turkey Decides To Buy Russian Missile System

Turkey is helping the U.S. build the F-35 jet fighter. It also insists on buying a Russian air defense missile system that could shoot that ...

 

Turkey Elections

Recep Tayyip Erdogan’s ruling party suffers losses in Turkey’s 3 largest cities

Erdogan's party has lost races in the capital Ankara and Izmir. Results are still too close to call in Istanbul. Candidates of the opposition Republican ...

 

Agriculture

Sudan’s Bid to Feed the Middle East Left Its Own People Furious

“There’s good soil, enough water, sunshine, everything you need to grow a lot of crops,” says Abdelazim al-Jak, a Khartoum native who now manages the ...

 

GCC Economies

Year-on-year Deficits Brewing in Gulf Economies

More spending, low growth, and recurring deficits are not a recipe for long-term economic sustainability, but this concoction may be a necessary pill for Gulf ...

 

Turkey Elections

Turkey local elections: Setback for Erdogan in big cities

The party of Turkey's President Recep Tayyip Erdogan has lost control of the capital, Ankara, in local elections in a setback after 16 years ...

 

Arab League Summit

Arab League rejects Trump’s Israel policies at annual summit

Arab leaders also reiterated their commitment to resolving the conflict based on the Arab Peace Initiative of 2002, in which they would recognize Israel in ...

 

OPEC

OPEC March oil output sinks on Saudi cuts, Venezuela blackouts

OPEC oil supply sank to a four-year low in March, a Reuters survey found, as top exporter Saudi Arabia over-delivered on the group’s supply cut ...

 

Iran

Nowruz Floods in Iran Anger Many but Reasons Are Complex

Heavy rains, first welcomed in the drought-stricken country, turned into catastrophic floods. Twenty-eight of Iran’s thirty-one provinces were underwater during the two-week holiday. ...

 

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