Orders for Saudi Aramco’s Debut International Bond Topped $100 billion in ‘Vote of Market Confidence’

Orders for Saudi Aramco’s debut international bond topped $100 billion on Tuesday, Reuters reports, in what amounts to a "record breaking vote of market confidence" for Aramco after facing investor concerns about government influence over the company.

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Aramco $ Bond

Saudi Aramco stuns with $100 billion demand for debut global bond

The state-owned oil giant is marketing a U.S. dollar-denominated debt issue split into six tranches with maturities ranging from three to 30 years. ...



Saudi welcomes U.S. blacklisting of Iran Revolutionary Guards

Saudi Arabia welcomes the U.S. decision to designate Iran’s elite Islamic Revolutionary Guard Corps a foreign terrorist organisation, Saudi state media said on Tuesday. ...


U.S.-Saudi Relations

U.S. bans 16 Saudi individuals from U.S. for role in Khashoggi’s murder

“In cases where the Secretary of State has credible information that officials of foreign governments have been involved in significant corruption or gross violations of ...



Riyadh and Baghdad accelerate efforts to develop cooperation

An indication of the importance the Saudis placed on the Baghdad meeting was make-up of the Saudi delegation, which was led by Saudi Minister of ...


Tourism and Hospitality

Saudi Arabia opens up as Red Sea Project gets off the ground

Development of the Red Sea Project, an initiative by Crown Prince Mohammed bin Salman to diversify the kingdom's oil-dominated economy, officially began last month with ...


Nuclear Energy

Is Saudi Arabia on track to become a nuclear power?

Saudi Arabia’s first reactor will not instantly propel Riyadh to the rank of major nuclear power, experts have cautioned. “It’s a small reactor that is essentially ...



Drive launched against excess air conditioning across Saudi Arabia

Power efficiency is one of the central themes of Saudi Vision 2030. Thirty-eight percent of the Saudi production of oil and gas is locally consumed, ...



Saudi insurance firms record losses in 2018

The Saudi Stock Exchange (Tadawul) reported that on an overall number of 33 companies operating on the market, 16 have underwent losses in 2018. ...


Public Investment Fund

Former energy adviser to lead Saudi Arabia’s manufacturing push

Dussur, a joint venture of the Public Investment Fund (PIF), Saudi Aramco and Sabic, announced on Tuesday the appointment of Dr Raed AlRayes as its ...


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Regional and related topics

IMF World Economic Outlook

The Global Economy: A Delicate Moment

The escalation of US–China trade tensions, needed credit tightening in China, macroeconomic stress in Argentina and Turkey, disruptions to the auto sector in Germany, and ...



AP Explains: Long reach of Iran’s Revolutionary Guard

The Revolutionary Guard was created in parallel to the country’s existing armed forces to consolidate power under Ayatollah Ruhollah Khomeini in the 1979 Islamic Revolution. ...



Israelis go to polls to decide on Netanyahu’s record reign

Israelis began voting on Tuesday in an election that could hand right-wing Prime Minister Benjamin Netanyahu a record fifth term or see him dethroned by ...


Turkey Elections

Turkish authorities reject Erdogan party’s request for full recount

Turkish electoral authorities on Tuesday rejected a request by President Recep Tayyip Erdogan's Justice and Development Party for a full recount of ballots cast in ...



Afghanistan To Send Delegates To ‘Exchange Views’ With Taliban In Qatar

Afghanistan will send a government delegation for talks with the Taliban in Qatar, in a potential breakthrough in efforts to end the nearly 18-year war, ...



Afghanistan’s Most Vulnerable Women

The National Vulnerability Analysis Report of Afghanistan states that Kuchi communities (both nomadic and semi-sedentary) have limited access to health, education, and livelihood standards since ...


Energy Policy

Perspective: Reshaping an Oil Economy Is Messy Work

Drip by drip, the oil-producing countries of the Middle East are watching their share of the global crude market drain away. U.S. production is soaring ...



Record High Remittances Sent Globally in 2018

The overall increase was driven by a stronger economy and employment situation in the United States and a rebound in outward flows from some Gulf ...



Sudanese troops move to protect demonstrators

Over the weekend, crowds converged on the heart of Bashir's rule -- Sudan's presidential palace and the nation's military headquarters -- responding to a renewed ...



Critics seize on DC visit of Egyptian President Abdel-Fattah El-Sisi to protest ‘power grab’

While Trump is expected to embrace the Egyptian leader, members of Congress in particular are increasingly vocal in their opposition to Sisi's seizure of power ...



Saudi Arabia, UAE give Yemen $200 million in aid for Ramadan

Saudi Arabia and the United Arab Emirates, which head an Arab coalition fighting Iran-aligned Houthi forces in Yemen, will provide $200 million in aid to ...


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