VISION 2030

As Saudi Aramco Prepares IPO, Investors Speculate on Ultimate Value

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Fund managers and institutional investors are split on the expected value of Saudi Aramco, with a majority saying the company will have a market capitalization of $1 trillion to $1.5 trillion when it sells shares to the public next year, Reuters reports.

Saudi Arabia

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King Salman in Asia

Saudi king’s Asia trip shows the way for Aramco’s trade plans

King Salman’s tour of Asia is significant. The majority of Saudi Arabia’s non-oil exports end up there, as do two-thirds of its oil exports. The ...

 

Saudi Aramco

Saudi Aramco’s Green Energy Push Seen Widening Appeal of IPO

“They immediately open themselves up to a larger pool of investors,” said Scott Gehsmann, partner at the deal advisory service of the accounting and consulting ...

 

Saudi Aramco IPO

Funds expect Saudi Aramco to be valued around $1-1.5 trillion: survey

Fund managers and institutional investors expect oil giant Saudi Aramco to have a market capitalization of $1 trillion to $1.5 trillion when it sells shares ...

 

Digitisation

Digitisation drives half a million new Saudi jobs by 2020

The Kingdom faces a crucial juncture in its economic growth and youth employment. Through 2025, the Kingdom will see 226,000 new entrants into the labour ...

 

Saudi Economy

Saudi non-oil economic growth hits 18-month high in February -PMI

Saudi Arabia's non-oil private sector grew at its fastest pace for 18 months in February as new orders of goods and services increased sharply, although ...

 

Saudi Economy

Saudi businessmen complain about rising costs due to economic reform

According to a document signed by the heads of the ten largest chambers of commerce and industry in the country on Saturday, the businessmen said ...

 

Saudi Workforce

Mass exodus: Lay-offs continue in Saudi private sector to cut cost

“Article 77 allows private firms to terminate the services of workers by paying them 15 days’ salary for every year served in a company.” ...

 

Islamic Finance

Saudi Arabia can emerge global leader in Islamic finance

Lack of standardisation in Islamic finance is a key challenge facing its growth globally. Standard setting organisations are numerous, geographically spread out, and are still ...

 

Saudi-Lebanon

Saudi king cancels Lebanon trip after Aoun defends Hezbollah weapons

King Salman Bin Abdul Aziz Al Saud has cancelled his upcoming trip to Lebanon because of the statements made by President Michel Aoun that praised ...

 

King Abdulaziz Camels Festival

The most beautiful camel to be crowned in Saudi pageant

From the Al Wadah white camel to, the Al Majahateer dark camel and the Al Homor reddish, brown camel, various features considered most beautiful to ...

 

Saudi-Iran

Iran sees progress in Hajj talks with Saudi Arabia

"Most of the questions up for discussion have been resolved and a couple of issues are remaining," the ISNA news agency quoted Ali Ghazi Askar, ...

 

Qorvis MSLGROUP

Vets say they were duped into helping Saudi Arabia dodge payouts to 9/11 victims

Vets complain they’re not only being misled but openly lied to. During one recent trip, an organizer denied any “Saudi involvement” in sponsoring the trip, ...

 

Water Management

Saudi Govt efforts to boost water sector draws positive reactions

The project will estimate the costs of delivering water from the source to the consumer. ...

 

Qatar Airways

Qatar Airways plans to expand services to Saudi Arabia

Qatar Airways has confirmed plans to launch services to Yanbu and Tabuk in Saudi Arabia with three-weekly flights beginning in May and June respectively. ...

 

Red Sea

10 stranded dolphins rescued off Saudi Arabia

Saudis have rallied to rescue 10 Spinner dolphins that had stranded in shallow waters in King Abdullah Economic City in Rabigh on the Red Sea. ...

 

Saudi +

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Egypt

Egypt’s Mubarak is free but Arab Spring protestors are still in jail

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