SAUDI ARAMCO

Saudi Aramco to Acquire Stake in South Korean Hyundai Oilbank for $1.2 billion

Khalid Al-Falih.
Saudi Aramco says it has reached an agreement to acquire a $1.25 billion stake in South Korean refiner Hyundai Oilbank that would provide it with "a dedicated outlet for its crude to South Korea."

Saudi Arabia

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Saudi-South Korea

Saudi Aramco buys $1.2 billion stake in South Korean refiner

The refinery complex in the western coastal city of Daesan, where Hyundai Oilbank’s major facilities are located, has a processing capacity of 650,000 barrels per ...

 

Public Investment Fund

Saudi wealth fund in talks to raise up to $8b bridge loan

Saudi Arabia’s Public Investment Fund (PIF) is in talks with banks to raise a short-term bridge loan for as much as $8 billion to use ...

 

Capital Markets

Investors Joining Saudi Stocks’ Big Moment Have to Pay a Premium

The biggest stock market in the Arab world, which will begin to be included in the emerging-markets group by index compiler MSCI Inc. next month, ...

 

Saudi-Sudan

Saudi Arabia backs Sudanese military council moves, announces aid package

Saudi Arabia said on Saturday it backed steps announced by Sudan's transitional military council and announced an aid package to Sudan that includes wheat, petroleum ...

 

NEOM

Construction work on Saudi Arabia’s $500bn Neom to begin soon

The project team for Saudi Arabia’s $500bn (SAR1.9tn) Neom gigaproject will start moving on-site in the "coming months” to commence construction work, the development’s ...

 

Saudi Aramco

Saudi Aramco increases gasoline prices starting April 14

Riyadh roughly doubled domestic prices a year ago in an effort to boost energy efficiency, part of economic reforms aimed at weaning the world’s top ...

 

Saudi Nuclear Energy

U.S. Nuclear Firms’ Potential Link Up With South Korea

outh Korea currently has 24 reactors that provide about one-third of its electricity. And industry experts say South Korea’s state-run energy companies are some of ...

 

Entertainment

Saudi Entertainment Ventures to open seven cinemas in 2019

Saudi Entertainment Ventures plans to open seven cinemas across Saudi Arabia in 2019 as it works towards having 50 open by 2022, according to CEO ...

 

Women

AboutHer.com Forum in US to highlight significance of female participation in all aspects of Saudi society

The first edition will be held at the George Washington University in Washington D.C. on April 16. ...

 

Dakar Rally

Dakar Rally moving to Saudi Arabia in 2020

The Dakar Rally is swapping South America for Saudi Arabia. Dakar Rally organizers say next year's race will be held in "the deep and mysterious deserts ...

 

King Salman

Saudi Arabia’s King Salman meets with Indonesian president

Saudi Arabia’s King Salman met on Sunday with Indonesian President Joko Widodo at his palace in Riyadh. During the meeting, the two sides reviewed the bilateral ...

 

Dubai 2020

Saudi Arabia to present ‘welcoming’ image with huge Expo 2020 Dubai presence

Saudi Arabia will set up a huge pavilion at Expo 2020 to promote its drive to attract tourists and businesses to the kingdom. ...

 

Criminal Justice

Audio-visual documentation of court proceedings begins in Riyadh

The Ministry of Justice has started the audio-visual documentation of court sessions in the Criminal Court in Riyadh. This is based on the principle of making ...

 

DJ

Saudi female DJ turns tables and heads

Cosmicat debuted as a deejay with Jeddah Musicians last year, and since then has bagged gigs at fashion shows, international consulates, and private events at ...

 

Red Palace Remake

Meet the Saudi Prince who spends his Fridays scouring flea markets in his old Land Cruiser

Prince Sultan is an established artist in Saudi Arabia who shows with Athr Gallery in Jeddah. He was educated in San Diego and San Francisco ...

 

Saudi +

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Libyan commander Haftar meets Egypt’s Sisi as fighting erupts near Tripoli

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Sudan

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International Criminal Crisis

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Israel

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Turkey

To Turn Turkey’s Economy Around, Erdogan May Have To Loosen Control

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Pakistan

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Afghanistan

Taliban declare start of spring offensive amid talks with US

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