Differences over valuation potentially contributed to the collapse of the talks
MSCI will add Aramco to its benchmarks using the closing price of December 17
However, the private sector is still losing jobs on an annual basis
By 2025, will Saudi Arabia be among countries where venture capital investments play a significant economic role?
On the second day of trading on Riyadh’s stock exchange, Saudi Aramco briefly soared past the target
Aramco’s capitalisation jumped from $1.71 trillion to $1.88 trillion at the end of the first trading session on Wednesday
Aramco raised $25.6bn in the biggest-ever IPO, making it the world’s most valuable listed company
Finance minister Mohammed Al Jadaan said that the kingdom’s sovereign wealth fund expects to invest significant amounts in the domestic economy
Pre-budget figures announced in October see economic growth increasing to 2.3 per cent from 0.9 per cent in 2019
Saudi Arabia sold only 1.5 per cent of the company’s capital in the IPO
The kingdom is ending the requirement that restaurants have two separate entrances
Prince Miteb – the brother of Saudi Arabia’s King Salman bin Abdulaziz Al Saud – was born in 1931
Saudi Arabia will host the G20 Leaders’ summit on November 21 and 22, next year, in its capital Riyadh
Cement production in the kingdom has been rising in the past three months
The Saudi government plans to raise more than $25bn by selling a 1.5 per cent stake of the oil giant
Subscription reached SAR32.6bn ($8.7bn) with 3.7 million people signing up
Saudi Crown Prince Mohammed bin Salman is in the UAE on an official two-day visit
The coalition will also enable flights in cooperation with the WHO to carry patients from Sana’a
The Saudi Fund for Development will provide the loan
The emirate is seeking to make the investment through one or more state-linked entities, according to sources
The Crown Prince’s last visit to the UAE was in November 2018
The highest salary hike of 5 per cent is expected in the life sciences industries, while the lowest increase is anticipated in the energy industry
The US has also begun efforts to find a negotiated settlement to the conflict
The deal will now rely on local investors and won’t be marketed in the US, Canada and Japan
The investor meetings are Aramco’s first outside Saudi Arabia
About 140,000 people requested tourist visas
Ground breaking is due to start January at the Diriyah Gate project, a UNESCO world heritage site
Emirates was chosen as the most recommended brand in the UAE
SAMA wants daily updates on how much credit banks are providing after it eased lending limits for buyers
Fund managers can subscribe to the stock until Dec. 4