Tag: Saudi Arabia
Aramco Pumping Stations Targeted in Drone Attack
(Bloomberg) -- Saudi Arabia said Tuesday that unidentified drones attacked two pumping stations belonging to Saudi Aramco, forcing the state oil company to suspend...
Saudi Stocks Fall as Iran Tensions Increase
(Bloomberg) -- Stocks slumped across the Gulf, with Saudi Arabia’s benchmark index dropping the most since the Khashoggi crisis, after the kingdom said two...
Saudi Wealth Fund on Track to Manage $400 Billion Assets in 2020
(Bloomberg) -- Saudi Arabia’s sovereign wealth fund is on track to manage $400 billion of assets by the end of next year, its head...
BlackRock to Open Saudi Office
BlackRock Inc. plans to open an office in Saudi Arabia as the world’s largest asset manager seeks investment opportunities in the kingdom and wider...
Saudi Set for Biggest IPO Since 2014
(Bloomberg) -- Fawaz Alhokair Group, the Saudi retailer that owns the franchise for brands like Banana Republic and Zara, may raise as much as $1...
Saudi Arabia’s Long-Delayed Banking Hub Gets a Trendy Makeover
There might not be any banks yet in the King Abdullah Financial District, but on a sunny afternoon, the once-stalled development in Riyadh is...
Dussur Appoints Dr. Raed Nasser AlRayes as CEO
Dussur, a strategic joint venture of the Public Investment Fund (PIF), Saudi Aramco and SABIC, announced the appointment of Dr. Raed AlRayes as its...
Saudi Aramco Sells $12 Billion of Bonds in Unprecedented Debut
Saudi Arabia took its first major step onto the global financial stage to fund the heady ambitions of its crown prince, issuing $12 billion...
Saudi Arabia’s Gold Miner Plans to Be a Global Top-20 Supplier
(Bloomberg) -- Saudi Arabian Mining Co. wants to more than double gold output within five years.
Maaden, as the state-backed company is known, plans to boost...
Opinion: Saudi Arabia’s $69 Billion Clue for Oil Markets
(Bloomberg Opinion) -- It’s not every day that the world’s biggest oil company buys the most profitable chemicals business.
Saudi Arabian Oil Co., better known...