Saudi Arabia’s national oil company Saudi Aramco has agreed to buy a 70% stake in Saudi Basic Industries Corporation (SABIC), the kingdom’s leading petrochemical firm, for $69.1 billion in a private transaction, SABIC said in a press release.
Wednesday’s agreement comes as Aramco, the world’s largest oil company by production, is expanding its high-value downstream operations, which includes refining crude oil into fuels...
Saudi Aramco will start meeting bond investors next week to persuade them to buy its debut international bond, which will help the world’s largest oil...
Perry’s approvals, known as Part 810 authorizations, allow companies to do preliminary work on nuclear power ahead of the deal, but not ship equipment that...
“We will continue to work to identify those who are responsible for Jamal Khashoggi’s murder and hold them accountable,” Pompeo told the House Foreign Affairs...
Eleven female Saudi Arabian activists have appeared in court in Riyadh for the latest hearing in their trial on unspecified charges relating to their human...
It was striking how many researchers, activists, and government officials in Riyadh seemed defensive, resentful, and even angry when asked about the United States. “We’re...
In collaboration with Saudi Aramco’s Transportation and Aviation departments, groups of reunion guests were able to experience longer visits to Abha and Asir, Riyadh, and...
Saudi Culture Minister Prince Badr bin Abdullah bin Farhan announced new initiatives designed to transform the cultural sector into an essential part of people’s everyday...
The academy of Italy's premier opera house, Teatro alla Scala, has agreed to start a conservatory for both girls and boys in Saudi Arabia.
The decision...
The Middle East -- not traditionally known for its M&A track record -- is outshining other regions as weak commodity prices force oil-rich Gulf states...
The United States was isolated at the United Nations Security Council on Wednesday over President Donald Trump’s decision to recognize Israel’s sovereignty over the Golan...
“We are targeting a vast network of front companies and individuals located in Iran, Turkey, and the UAE to disrupt a scheme the Iranian regime has used to illicitly move more than a billion dollars in funds,” said Treasury Secretary...
Turkish President Tayyip Erdogan said on Thursday the central bank must cut interest rates or inflation will remain high, and he blamed the recent volatility...
Iraq is moving toward being a “bridge between the region’s economies by linking infrastructure between the Gulf, Turkey and Iran on one side and between the Arab...
