The discussions will cover key themes relevant to any business aiming to operate or expand within Saudi Arabia
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
The share offering is expected to be priced at a further discount of as much as 10 per cent to the trading price
Nasser has become highly popular at Aramco, by promoting a decentralised culture and spending time with both leaders and workers, as per analysts tracking the oil giant’s growth
An agreement with the final buyer should be in place this year, with the sale scheduled to be completed in 2025
Capacity discussions can be complicated by different oil price preferences among OPEC+ members
The personal computer and AI server maker plans to build a research and development centre in Riyadh as part of the deal
The kingdom is turning to the debt market to find alternative funding sources to cover an anticipated fiscal shortfall of about $21bn this year
The Afiyah Fund raised the money from a group of Saudi Arabian, GCC and European investors, led by Jada Fund of Funds
The superyacht has been described as a sportfisher on steroids with a long flaring bow of a typical American sportfish boat
Neo Space Group will invest in local and international assets and capabilities, as well as venture capital opportunities
While the dates are tentatively set, final confirmation will come from the official moon sighting committee in Saudi Arabia
The energy firm expects to pay $31bn in dividends, despite reporting lower earnings for the first quarter
The groundbreaking follows on the heels of DP World opening freight forwarding offices in Dammam, Jeddah and Riyadh
The Power Purchase Agreement (PPA) covers two projects, which will contribute 1.1 GW of renewable energy to the national grid
The layoffs at Lucid will impact employees at all levels, including leadership and mid-level management,
The change in rating reflects increased predictability of policies and decision-making processes
Shell announced a plan to divest its majority shareholding from a local South African downstream unit after a comprehensive review of its businesses
Saudi Arabia‘s deadline for foreign firms to establish their regional headquarters in the kingdom went into effect earlier this year
COMAC’s planes fly almost exclusively within China and with one Indonesian airline, but the planemaker is looking to expand elsewhere
Airalo, a leading eSIM marketplace, reveals its expansion plans as global travel surges
The kingdom’s growing mining industry is a key pillar in Crown Prince Mohammed Bin Salman’s Vision 2030 programme to diversify the economy away from oil dependency
Tosyali is pursuing investment opportunities in Europe and the Americas as it aims to become one of the world’s top 30 iron and steel producers
The company priced its IPO at the top of the previously announced range, selling its shares at SAR37 per share apiece to raise SAR841m
Saudi Arabia’s AI authority will train its “ALLaM” Arabic language model using Watsonx, adding new language skills to the firm’s offerings
Saudi Arabia and Japan signed over 30 memorandums of understanding during the bilateral talks between the Crown Prince and Japanese PM
The state-owned group said Saudia would be receiving 54 of the A321neo jets, while flyadeal would acquire 12 A320neos and the remaining A321neos