Aramco has allocated $300m in additional funds to Wa’ed Ventures
Terra Drone is the first Asian startup to raise funding from Wa’ed Ventures
The move strengthens Aramco Trading Company’s global operations and extensive portfolio, giving it incremental access to the largest oil refinery in North America
The three entities are exploring collaboration across refining and petrochemical projects in Saudi Arabia as well as China
The company is planning to sell 50 million shares, or a nearly 30 per cent stake
The collaboration aims to support the kingdom’s economic growth, leveraging emerging technologies in hybrid cloud, AI, and quantum computing
Shihana Alazzaz has been named the first female Deputy Secretary General of the Saudi Cabinet
The rally in oil prices has boosted the world’s biggest oil company’s shares
The kingdom’s sovereign wealth fund signed non-binding memorandums of understanding with five companies
Aramco declared a dividend of $18.8bn for the fourth quarter, to be paid in Q1 2022
A group led by BlackRock will buy a 49 per cent stake in Aramco Gas Pipelines
A transaction would boost Aramco’s sales of crude to India
Gulliver replaces Sir Mark Moody-Stuart, who had been on the board since 2007
The subsidiary will have rights to 25 years of tariff payments for oil transported through Aramco’s crude pipeline network
The kingdom has no plans to introduce an income tax, Prince Mohammed confirmed
Wassim Al Khatib will lead Citigroup’s investment banking and markets business in Saudi Arabia
A storage tank in the Ras Tanura terminal was attacked by a drone while a missile also landed near a residential compound for Saudi Aramco employees in Dhahran
Saudi Arabia joins global network of Google Cloud Platform regions
OPEC and allied producers have started to ease output curbs amid weakening demand
Members of the Oil & Gas Climate Initiative pledged to reduce the carbon intensity of their operations to between 20 and 21 kilograms of carbon dioxide per barrel of crude equivalent by 2025
The cuts were widespread across the region from South Asia and Southeast Asia to some parts of North Asia
The highest ranking entries from the world of finance in Gulf Business’ annual Arab power list 2020
Analysts from 16 banks have offered a valuation on the company, ranging in estimates from $1.1 trillion at the bottom right up to $2.5 trillion
It also reported that Saudi Arabia’s Capital Markets Authority will announce the start of the initial public offering process on Sunday
Despite the cost expansion, the project is still expected to be commissioned in 2025
The highest ranked Arabs originating from Saudi Arabia in Gulf Business’ annual Arab power list
In this year’s collection of powerful and influential individuals we have a heady mix of consolidation and breakthrough
Amid a sea of change across the Gulf region, our 2018 ranking has received a major shakeup from the previous year
Prince Alwaleed Bin Talal Alsaud, founder and chairman of Saudi’s Kingdom Holding Company, topped the list
Saudi billionaire Prince Alwaleed tops the list for the fifth year running