The company intends to use the proceeds to expand its business into Saudi Arabia
This marks Blinken’s eighth trip to the region since the conflict erupted in October 2023
The Red Sea crisis has disrupted global shipping by forcing vessels to avoid the nearby Suez Canal and reroute trade around Africa
The world’s top oil exporter has been seeking to bring in international investment as it launches a range of projects as the Saudi government seeks to diversify its oil-based economy
The new service is expected to offer more travel options while promoting business, trade and tourism opportunities
Oil activities were down 11.2 per cent in the first quarter versus the previous year, while non-oil GDP grew 3.4 per cent year on year
International demand for the secondary share sale was greater than for Aramco’s IPO in 2019
The unusually long guest list reflects Italy’s desire to broaden the horizons of the G7, a club of wealthy democracies
The oil behemoth’s shares were priced at $7.27 (SAR27.25), near the bottom of a SAR26.7 to SAR29 range used in marketing the sale
Cognizant’s GM in Saudi Arabia, Tarek Zarg El Aioun, discusses the company’s strategic partnerships and digital innovations transforming the aviation sector and beyond
Almarai and Dettol top YouGov’s 2024 FMCG Rankings in the UAE, leading the food, beverage, and personal care sectors with the highest consumer consideration scores
The contract is for the procurement and construction of the third phase of the master gas system in Saudi Arabia
The state-owned energy firm’s bankers have told investors it plans to price the shares at $7.27 (SAR27.25) each
The state-owned group placed an order for 105 narrowbody Airbus planes last month but has a requirement for 180
Saudi Arabia’s Supreme Court had called upon Muslims in the kingdom to sight the crescent Moon on Thursday evening
OPEC+ is currently cutting production by about 5.7 per cent of global demand to bolster the market
The weather authority has implemented a comprehensive plan to monitor weather conditions around the clock across the holy sites during the Hajj
Saudi Arabia has significant growth potential for battery-electric vehicles, with 71 per cent of consumers “very” or “moderately” likely to purchase a BEV this year, the AlixPartners study showed
The state-owned energy firm seeks to strengthen its position in the global LNG market, which is set to grow globally by 50 per cent by 2030
The partnership with Singapore Airlines could see work on interline services, code shares, frequent flyer programs and cargo services
The project is pivotal in addressing emergency municipal water demand in Makkah and Madinah, especially during the Hajj season
The Airbus narrow-body jets purchased by flyadeal in its recent order can seat up to 240 people
OPEC+ agreed to extend crude oil supply cuts into 2025
If the Saudi telecoms giant succeeds with a deal for United Group, it will further its expansion into Europe
ACWA Power will explore the development of major green hydrogen project with a first phase of a capacity of 200,000 tonnes per year powered by 4GW of renewable energy
Saudi Arabia is offering investors about 1.545 billion Aramco shares, or 0.64 per cent
OPEC prolongs some cuts by one year
Aramco’s significant pickup of a stake in Gas & Oil Pakistan was first announced in December last year
The OPEC+ supply cuts since late 2022 have been against a backdrop of rising output from the US and other non-member producers
The deal’s value could rise to $13.1bn at the top end under a greenshoe option, which would allow the sale of nearly 1.7 billion shares