Saudi Aramco delays planned IPO until after earnings update, seeks local listing

Saudi Aramco has delayed the planned launch of its initial public offering "in hopes that pending third-quarter results will bolster investor confidence in the world’s largest oil firm," Reuters reports, citing two sources familiar with the matter.

Saudi Arabia

News, analysis, and more


Saudi Aramco, ACWA Power to invest $3 bln to build LNG plant and terminal in Bangladesh

Saudi Aramco and ACWA Power signed a deal with Bangladesh on Thursday to develop a 3,600-megawatt LNG-based power plant and terminal in the country. As part ...


Social Media

These Anonymous Saudi Sisters Have Almost 1 Million Followers On Instagram

When it comes to fast-tracking your way to hundreds of thousands of followers on Instagram, overexposure is usually the name of the game. But three stylish ...



Saudi Arabia may allow women to perform Hajj without male guardian

Women could be allowed to perform the Hajj without a male guardian, Arab News has learned, with the government studying various visa options. Women are ...



Saudi Arabia and G20: The need for reforms in global financial institutions

Reforms in global financial institutions are necessary for the worldwide economy. As per the recent report of the World Trade Organization (WTO), G20 economies imposed ...


Red Sea Development Company

INTERVIEW: Saudi Arabia’s Red Sea project to set ‘new global standards in sustainability’, says CEO

“This” is the Red Sea Development Company, of which he is CEO. Along with the plan to build a futuristic metropolis at NEOM in the ...



Kuwait, Saudi agree on restarting Neutral Zone oil production

OPEC members Kuwait and Saudi Arabia have agreed to resume oil production in jointly-operated fields in the Saudi–Kuwaiti Neutral Zone, Kuwaiti newspapers Al-Qabas and al-Rai ...



Archaeologists explore the secrets of Al-Ula in Saudi Arabia

As part of an extensive development program launched by the royal commission for al-ula (RCU), a team of world-leading archaeologists have been drafted in to undertake ...


Aramco IPO

Saudi Aramco delays planned IPO until after earnings update: sources

In a statement to Reuters on Friday, Saudi Aramco said: “The company continues to engage with the shareholders on IPO readiness activities. The company is ...


Saudi Oil Exports

Saudi crude exports remain steady at 6.88 million bpd in August: JODI data

The country’s crude output also rose 209,000 bpd to 9.789 million bpd in August, a month after falling to its lowest since March 2014. ...


Foreign Labor

Saudi Calls For Freeze On Expat Fees For 2020

The Shoura Council in Saudi Arabia has requested a freeze on the expatriate fee on companies and dependents fee on expatriates for 2020. The study will ...


Saudi +

Regional and related topics


Egypt reveals details about 30 ancient coffins found with mummies inside

The coffins were found in two rows, with some placed on top of others. "It is the first large human coffin cache ever discovered since ...



Analysis: The world can learn from India trying to kick its coal addiction

India is highly vulnerable to climate change, and yet 55% of all its energy comes from burning coal. More importantly, over the last 30 years, ...



Lebanon protests: Mass revolt continues as cabinet agrees reforms

Lebanon's coalition government has approved a package of economic reforms as it attempts to quell the biggest protests in years. The proposals reportedly involve scrapping new ...



World’s oldest pearl discovered near Abu Dhabi

The world's oldest natural pearl has been discovered on an island off Abu Dhabi, the capital of the United Arab Emirates. The 8,000-year-old pearl was found ...



Fire in waste canal at Iran’s Abadan refinery under control

A fire in a canal carrying waste from Iran’s Abadan oil refinery was brought under control on Sunday, state media reported. “The refinery’s fire department contained ...



132 Saudis evacuated from Beirut on Sunday

Saudi Arabia's Ambassador to Lebanon Waleed Bukhari stated on Sunday that 132 citizens have been evacuated from Beirut, in addition to the 260 Saudi nationals ...



Inside Mike Pence’s 9 hours in Turkey

"This is what Turkey wanted and what POTUS green lighted. I do think one reason Turkey agreed to it is because of the Kurds have ...


Turkey in the Region

Syria ‘ceasefire’: Clashes continue despite US-brokered deal with Turkey

"SDF are committed to the ceasefire, but from last night until this morning we are seeing shelling on Ras al-Ain by the Turkish military and ...


Recent Editions