U.S., Saudi Arabian Agribusiness Majors May Partner to Bid on Saudi Grains Milling Privatization

Saudi Arabia's largest private agriculture company, Almarai, and U.S. agribusiness Archer Daniels Midland Co. are reportedly among companies eying Saudi Grains Organization's (SAGO) milling operations, the kingdom's sole supplier, according to an exclusive report by Reuters.

Saudi Arabia

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Global Oil Markets

Saudi Arabia Warns Oil Market: ‘Will Not Allow Itself To Be Used By Others’

Saudi Arabia’s energy minister, Khalid al-Falih took the stage to deliver the keynote address at IHSMarkit’s CERAWeek conference in Houston and delivered a stern warning ...


Women in Saudi Arabia

Saudi Women Join Forces to Champion the Changing Role of Women

Saudi Arabia is ranked 141 out of 144 countries in the Global Gender Gap 2016, an annual report by the World Economic Forum which measures ...


Motiva Split

Saudi Aramco, Royal Dutch Shell finalize deal to split up Motiva Enterprises

As part of the final deal, Saudi Aramco will pay $2.2 billion, including the assumption of Shell’s $1.5 billion portion of Motiva’s debt, according to ...


Saudi Aramco IPO

For I.P.O., Saudi Oil Company May Have to Give Up Some of Its Secrets

Saudi Arabia has often been a place of mysteries and intrigue, and its promised initial public offering of the kingdom’s crown jewel — the national ...


King Salman in Asia

Malaysia foils ‘Yemeni attack’ on Saudi Arabia’s King Salman

Seven militants, including four Yemenis, two Malaysians and one Indonesian, were arrested in separate raids ahead of Saudi King Salman bin Abdulaziz's visit to Kuala Lumpur ...


War in Yemen

Saudi Arabia-Led Coalition Kills I.R.G.C. Missile Officer in Yemen

On February 27, a Saudi coalition aircraft killed a senior Islamic Revolution Guards Corps (I.R.G.C.) officer, known only by the nom de guerre “The Afghan,” ...


Eastern Province

Saudi policeman shot dead in eastern region

A Saudi policeman has been shot dead in his car in the predominantly Shiite Muslim region of Qatif, while in the capital, police say they ...


Saudi Private Sector

Saudi pledges big projects to soften austerity hit to business

The private sector, which grew by just 0.1 percent last year, "is now suffering from increasing operating costs and declining purchasing power among the people," ...


Public Investment Fund (PIF)

Softbank To Put $8 Billion ARM Stake in Fund With Saudi Arabia

Japan's SoftBank is to place a roughly $8 billion stake in ARM, the British chip designer it bought last year, into a technology investment fund ...


Saudi Satellite

Arabsat orders its first made-in-Saudi satellite

Last week, Arabsat announced that it had signed an agreement with Taqnia Space to build Arabsat-6D, a Ka- and Ku-band satellite for television, broadband and ...



Saudi Arabia Plans Domestic Sukuk to Help Boost Market

Saudi Arabia is planning a sale of Islamic bonds in riyals to local institutions this year to help boost the country’s sukuk market, three people ...


Banking and Finance

Credit Agricole picks JPMorgan for Banque Saudi Fransi sale

French bank Credit Agricole has picked JPMorgan to help in a potential sale of its 31 percent stake in Banque Saudi Fransi, valued at nearly ...


Agriculture Privitization

ADM and Almarai among companies eyeing Saudi grains agency asset sale

A partnership of U.S. agribusiness giant Archer Daniels Midland Co. and Saudi foods group Almarai is among potential bidders for Saudi Grains Organization's milling operations, ...


Saudi +

Regional and related topics

Global Oil Markets

Analysis: Race to the last barrel

On the one hand is OPEC which, with a cut in crude oil production, attempts to support the price increase and, on the other hand ...



Gen. Joseph Dunford meets with Turkish, Russian military chiefs to discuss Syria tensions

The top generals from Turkey, the United States and Russia met Tuesday in Turkey to discuss mutual suspicions over northern Syria military operations, as Russia's ...



Syrian children suffer staggering levels of trauma and distress – report

A Save the Children study says Syria’s mental health crisis has reached a tipping point, and that severe distress among children could cause life-long damage ...



Iraqi forces retake Mosul museum, close in on IS-controlled old town

Iraqi forces on Tuesday recaptured the main government building in Mosul, the central bank branch and the museum where three years ago the militants filmed ...



Over 30 killed as gunmen dressed as medics attack Afghan military hospital

Gunmen dressed as medics stormed a hospital in the Afghan capital on Wednesday and battled security forces for hours, killing more than 30 people and ...


Guantanamo Detainees

Intel report: 121 former Gitmo detainees returned to terrorism

The Office of the Director of National Intelligence released updated figures on former Guantanamo Bay detainees suspected or confirmed of re-engaging with terrorism Tuesday, showing ...


Iran in Syria

2,100 Iranian fighters said killed in Iraq, Syria

More than 2,000 fighters sent from Iran have been killed in Iraq and Syria, the head of Iran’s veterans’ affairs office said Tuesday. ...



Industry leaders expect another tough year for the construction industry

Industry leaders are expecting another tough year for the construction industry as oil prices continue to affect the regional market. Hill International’s SVP, however, continues ...



Hyperloop futuristic transport chief hopes for regulatory approval in 2018

Hyperloop One, the company co-founded by the venture capitalist Shervin Pishevar and based on an idea created by Tesla Motors and SpaceX founder Elon Musk, ...


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