Saudi Aramco has made first selections for financial partners in its rejuvenated attempt to file for an initial public offering (IPO), choosing Bermuda-based Lazard Ltd. and Moelis & Co. as advisors, people with knowledge of the matter told Bloomberg.
The boutique investment banks have started preparatory work on the offering, according to the people, who asked not to be identified because the information is...
Motiva has been expanding its presence in the Port Arthur area since disentangling North America’s largest refinery from its joint operation with Shell a couple...
Saudi Arabia has begun allowing adult women to travel without permission and to exercise more control over family matters, state news agency SPA reported on...
Arabian Centres, the Saudi mall operator which went public in May, said first-quarter consolidated net profit almost trebled to SR227 million ($60.53 million) as occupancy...
State-run Saudi Telecom Company (STC) has issued a statement to the Saudi Stock Exchange outlining its intention to terminate its ten-year, SAR6.6 billion media rights...
Construction projects worth $3.3bn (SAR12.4bn) were awarded in Saudi Arabia in July 2019, while Oman announced new projects worth $5bn (OMR1.5bn) during the month, according...
Middle East Venture Partners (MEVP) and Impact46 have invested in Nana Direct, a major online grocery buying and delivery platform serving 13 cities across Saudi...
This is something that sparked the interest of app developer and CEO Badr Ward, who has created Lamsa, which is an Arabic educational and entertaining...
“Mutual unpredictability will lead to chaos. President Trump cannot expect to be unpredictable and expect others to be predictable. Unpredictability will lead to mutual unpredictability...
Southern separatists seized most Yemeni government security and military bases near the port of Aden on Tuesday after clashes between nominal allies that have complicated...
Bloomberg
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Mohammed Hatem and Glen Carey |
8.21.2019
Clashes between STC forces and government troops spread to other parts of southern Yemen on Tuesday despite Saudi efforts to halt the conflict and refocus...
Bloomberg
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Anthony Dipaola and Arsalan Shahla |
8.21.2019
The vessel, one of the world’s largest crude tankers, signaled distress at 6:30 a.m. Iran time on Tuesday, about 75 miles (about 121 kilometers) off...
Egyptian security forces killed 11 militants from a local affiliate of Daesh (the so-called IS) based in the restive North Sinai region, the interior ministry...
While Netanyahu’s bloc, consisting of his traditional political allies, is forecast to secure several more seats than Gantz’s grouping, that could change if Blue &...
