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  • Living and working in a Saudi Arabian compound
     

    Fiona attended an interview in Dublin which included a short exam paper. “Four months later, my friend and I were saying goodbye to Ireland,” she states. Fiona is based in the Eastern Province of Saudi, in one of Saudi Aramco’s five health care facilities, the Dhahran Health Centre. The oil company’s health care facilities care for […]

     
  • Vela-Bahri merger creates one of the world’s largest shipping firms
     

    Vela International Marine Limited, a subsidiary of Saudi Arabian Oil Company, signed a landmark merger agreement with the National Shipping Company of Saudi (Bahri), resulting in the creation of one of the world’s largest shipping companies.The signing of the agreement was held Sunday and attended by executive officials of both parties including Khalid A. Al-Falih, […]

     
  • Saudi Mortgage Law: Key Details Still to be Determined
     

    Saudi Arabia faces housing challenges caused by rapid population growth and an inflow of expatriate workers to the kingdom.

     
  • The Island of the Arabs
     

    So in 1954 when Aramco’s New York office decided to produce a feature film about Saudi Arabia and the company’s role in the kingdom, they chose Dick Lyford to direct it. The film called Island of the Arabs begins with the early geologists landing in Jubail and then exploring in the desert. While sitting around […]

     
  • Saudi Aramco to invest in new energy ventures
     

    Saudi Aramco has launched an investment arm to buy into companies that have developed technologies of strategic importance to Saudi Arabia and speed their deployment in the kingdom, the state-run energy group said. Saudi Aramco Energy Ventures LLC (SAEV) plans to invest in start-up and high-growth ventures offering new technologies to the upstream and downstream […]

     
  • Study finds ’80 more years of Saudi oil at current production levels’
     

    Saudi Arabia, the biggest oil producer in the world with a proven reserve of 264 billion barrels, could continue oil supplies for the next 80 years at the current production levels, the Kuwait-based Diplomatic Center for Strategic Studies (DCSS) said in a study. Saudi Arabia retains 38.7 percent of world oil reserves whereas the shares […]

     
  • In Major Shift, Saudi Aramco Dabbles in Oil Trading
     

    Saudi Arabia has long been a dominant force in global oil markets, “but has never been an oil trader.” That changed on January 1st, 2012, when Saudi Aramco began operations at Aramco Trading, a wholly owned company subsidiary. The new Aramco Trading marks an expansion in Aramco’s downstream investment portfolio in the Kingdom and overseas, […]

     
  • At the SACM Career Fair in Washington, Saudi Arabia’s Brightest Are Met With Opportunities (PHOTOS)
     

    Across the United States, around the end of the month of May every year, graduating students from high schools and universities join with families and friends to celebrate their achievements in

     
  • SACM Career Fair and Graduation Ceremony Begins in Washington
     

    Saudi students from around the United States are descending on the U.S. capital for a graduation ceremony and career fair organized by the Saudi Arabian Cultural Mission (SACM) on May 26-27. SACM, in coordination with the Saudi Ministry of Higher Education, will host the SACM Career Fair and Graduation Ceremony this weekend at the Gaylord […]

     
  • Opening the TASI: What You Need to Know
     

    Saudi Arabia, the world’s largest oil exporter and the Middle East’s biggest economy, is about to complete a gradual process to open its stock market, known as the Tadawul or TASI, directly to international investors for the first time.  The initial step toward this action was to give other GCC countries the right to invest […]

     

MUST-READS

  • Saudi Wealth Fund Teases The Sale Of Its $85-Billion Aramco Stake

    Al-Rumayyan said that investors and analysts should “stay tuned” for news on the fund potentially selling down its stake in the state oil giant, which is the world’s largest oil company by production and market value. At the beginning of this year, the Saudi government transferred a 4% stake in Aramco to the Kingdom’s Public Investment Fund to boost its credit rating and financial position.

  • Saudi Wealth Fund PIF Head Says ‘Stay Tuned’ on Aramco Stake Sale

    The governor of Saudi Arabia’s sovereign wealth fund says people should “stay tuned” for news on it selling down an $85 billion stake in Aramco. The $620 billion Public Investment Fund owns 4% of Aramco, which the government transferred to it in February. Bloomberg reported soon after that the PIF had started discussions about how to monetize the holding and raise funds for its ambitious investment goals.

  • Saudi Downtown and Aramco sign MoU to support SMEs sustainability and growth in Saudi cities

    Saudi Downtown Company, a fully-owned subsidiary of the Public Investment Fund that will develop downtown projects in 12 Saudi cities, and Aramco, signed a Memorandum of Understanding (MoU) for collaboration to create opportunities for local SMEs, enhance their sustainability, and enable them to grow in a number of Saudi cities.

  • Saudi Aramco Pushes Ahead With IPO of Oil-Trading Unit

    The world’s largest oil company is working with advisers for a listing in Riyadh for the end of the year or early 2023, the people said, asking not to be identified as the matter is private. Aramco is in the process of adding more banks to the IPO, which could value the unit at more than $30 billion, the people said.

  • Aramco launches Taleed programme to accelerate SME growth in Saudi Arabia

    The program targets sustainable SME growth across multiple sectors through a portfolio of 20 initiatives, providing a wide range of support from capability building and strategy development, to training, market access, advisory services and business planning.

  • Aramco Rises Rapidly on Forbes List of Best Employers

    From 150,000 people surveyed across 57 countries, this year the World’s Best Employers survey conducted by Forbes, the renowned business and wealth publication, showed Aramco had climbed 173 positions in one year to secure the 46th place among the 800 companies who made the list. Employees working for multinational companies and institutions were surveyed to determine which ones excel in corporate impact and image, talent development, gender equality, and social responsibility.

  • Saudi Aramco to push ahead with IPO of oil-trading unit

    Saudi Aramco (2222.SE) is pushing ahead with plans for an initial public offering of its energy-trading business and is targeting a listing in Riyadh for the end of the year or early 2023, Bloomberg News reported on Wednesday. The world's top oil producer is in the process of adding more banks to the IPO, which could value the unit at more than $30 billion, Bloomberg reported, citing people familiar with the matter.

  • What Golf Saudi’s Aramco Team Series event in New York means for LPGA

    There are six events on the Ladies European Tour schedule that are sponsored by Golf Saudi and the Public Investment Fund (PIF). The Aramco Team Series and it’s $1 million purses have no doubt added a significant amount of money to the LET schedule, where it’s tough to make a living. Only 29 players have made over 100,000 euros so far this season, and that’s without travel costs and other team/caddie expenses.

  • What Golf Saudi’s Aramco Team Series event in New York means for LPGA

    Lexi Thompson won for the first time in three years at the Aramco Team Series event at Trump Golf Links Ferry Point. The victory certainly meant plenty to Thompson, who last won at the 2019 ShopRite LPGA Classic and has suffered a number of heartbreaking losses.

  • Saudi Aramco’s JV to manufacture drilling rigs in Kingdom for first time

    Oil giant Saudi Aramco has launched Arabian Rig Manufacturing, a joint venture firm with American entity NOV, to manufacture drilling rigs and related equipment for the first time in Saudi Arabia. Located at Ras Al-Khair, the new facility is expected to reduce dependence on imported products in one of the largest oil-producing nations, reported Argaam.