Announcement of New IPO Date for Saudi Aramco IPO Creates Buzz on FII’s Opening Day

Saudi Aramco's long-planned IPO will see its first shares traded on Riyadh's stock exchange in December, several news outlets are reporting, citing the Saudi-owned satellite news channel Al Arabiya.

Saudi Arabia

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Saudi Aramco IPO

Saudi Aramco aims to begin planned IPO on November 3: sources

Saudi Aramco aims to announce the start of its initial public offering (IPO) on Nov. 3, three people with direct knowledge of the matter told ...


FII 2019

Commentary: Renewed Aramco IPO speculation dominates day one of FII

An ITF announcement is the starting point in the process of listing shares on a public stock market. The ITF statement usually includes some detailed ...


FII 2019

Saudi Arabia’s “Davos in the Desert” releases its agenda

Saudi Arabia's Future Investment Initiative — popularly known as "Davos in the Desert" — has finally released its agenda, just 24 hours before the controversial conference ...


FII 2019

Third annual Future Investment Initiative opens in Riyadh

Al-Rumayyan also said the Riyadh gathering’s inclusivity has expanded: “In 2017, the participants were mainly coming from the Americas, Europe and the Middle East. Today ...



PM Narendra Modi hopes to open new chapter in Indo-Saudi ties

Saudi Arabia hosts a 2.6 million Indian community that sends home remittances of $11 billion or more annually. ...


U.S.-Saudi Security

B-1 bombers in Saudi Arabia more detail about the US military buildup

Last week, two (according to other sources four) B-1 Bombers from the 28th Bomb Wing, based at Ellsworth Air Force Base, South Dakota, flew to ...


Abu Bakr Al-Baghdadi

Crown Prince congratulates Trump for US killing of Daesh leader Al-Baghdadi

Saudi Arabia’s Crown Prince Mohammed bin Salman congratulated President Donald Trump in a phone call for the US’ success in killing Daesh leader Abu Bakr ...


Aramco IPO

Riyadh struggles to close giant Aramco valuation gap

To get a role on the listing many of them made optimistic assumptions so they could reinforce the case for a $2tn valuation, according to ...


Tourism and Hospitality

Saudi hopes tourism pioneers will bring economic bonanza

In Riyadh's old quarter, a small group of Polish holidaymakers exploring the mud-brick Masmak Fort were making history as some of the first foreign tourists ...


Lockheed Martin

Lockheed Martin & Fincantieri Start Construction on Royal Saudi Navy 1st MMSC

According to Fincantieri Marinette Marine (FMM), the ceremony celebrated the first step of a transformational journey turning steel into a flexible, capable ship. The event ...



Heavy rain season in Saudi Arabia kills 7, injures 11

Seven people have been killed and 11 injured by heavy rainfall and the floods that resulted in north-eastern Saudi Arabia over the past few days. ...



Saudi perfume retailer teams up to buy Barneys

Arabian Oud operates 900 stores around the world, including Saudi Arabia, London, Paris and in NYC’s Time Square. ...



Brazilian food processor BRF signs MOU to invest $120M in Saudi plant

Brazilian food processor BRF SA said on Tuesday it has signed a memorandum of understanding with the Saudi Arabian General Investment Authority to invest around ...



Saudi king appoints new head of telecom authority: royal decree

Saudi Arabia appointed Mohamed bin Saud al-Tamimi as the new head of the communications and information technology commission, Saudi state TV reported on Monday, citing ...


Saudi +

Regional and related topics

Abu Bakr Al-Baghdadi

American commando raid to kill al-Baghdadi was launched from al-Asad airbase, rehearsals conducted in Erbil

American commandos also launched from a second location in Syria, the source said. But its unknown if the target of that raid force was al-Baghdadi. ...



Turkey says Kurdish YPG still in Syria border area as deadline looms

Kurdish YPG forces have still not fully withdrawn from a strip of land in northeast Syria from which Ankara says they must leave, Turkey’s defense ...


Saad Hariri

Lebanon’s PM Saad Hariri resigns amid unprecedented protests

Lebanon’s under-fire prime minister Saad Hariri has resigned following nearly two weeks of unprecedented protests demanding political change. Hariri told a press conference he had “reached ...



Iraqi security forces open fire on protesters, kill 14

Iraqi security forces killed at least 14 people in the Shi’ite holy city of Kerbala overnight after opening fire on protesters, medical and security sources ...



US To Bolster ISIS Fight After Baghdadi’s Death: Official

The United States wants to bolster a coalition fighting ISIS in northeastern Syria, a senior State Department official said on Monday, after the leader of ...



U.N. Syria envoy to meet Turkey, Iran and Russia foreign ministers as ceasefire due to expire

Envoy Geir Pedersen said he would meet foreign ministers from Turkey, Iran and Russia - all significant players in conflict - in Geneva on Tuesday, ...



Turkey, Russia in negotiations for potential Su-35 jet deal

If penned, an Su-35 deal will be Turkey’s second major purchase of weapons systems from Russia. Unnerving its NATO allies, Turkey acquired the Russian-made S-400 ...



Lockheed to Get $34 Billion for F-35 as Pentagon Announces Award

While the purchase of this new group of stealthy F-35s for U.S. and allied militaries is expected to be valued at about $34 billion for ...



Netanyahu says Iran seeking means to attack Israel from Yemen

Israeli Prime Minister Benjamin Netanyahu accused Iran on Monday of seeking the means to launch precision-guided missiles at Israel from Yemen, a signal that the ...


Global Oil Markets

Saudi Arabia, U.S. to cooperate on security of global energy supply: Saudi press

The two discussed oil markets, the role of OPEC and oil-producing countries outside the organization in coordinating oil production, achieving stability in oil markets and ...



Egypt’s first smartphone maker to export to Germany next month

Egypt’s first smartphone maker, SICO, said it will begin exporting its devices to Germany in November as part of its expansion plan to sell its ...


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