(Bloomberg) — The Trump administration is pressing Saudi Arabia to dial back its plan to flood the oil market after a price war with Russia sent crude...
(Bloomberg) — Saudi Aramco is slashing planned spending this year in the first sign that plunging demand and the oil-price war the kingdom unleashed are hitting home....
Saudi ruler, King Salman bin Abdulaziz Al Saud has issued a directive to provide financial aid to the World Health Organization (WHO) to help it combat...
(Bloomberg) — Oil markets crashed more than 30% after the disintegration of the OPEC+ alliance triggered an all-out price war between Saudi Arabia and Russia that is...
The Kingdom of Saudi Arabia has suspended foreign travellers’ entry for Umrah pilgrimage and tourism from countries where the Novel Coronavirus (NCoV) has spread and is...
Saudi Aramco, the world’s most profitable company, has signed an agreement with Advanced Electronics Company (AEC) to jointly develop and manufacture the first-of-its-kind cybersecurity device in...
Riyad Bank, Saudi Arabia’s fourth-largest bank, has announced that it has employed international and regional banks for potential issuance of a dollar-denominated Sukuk. The announcement that...
A Moody’s report has said that Saudi Telecom Company’s (STC) acquisition of Vodafone Egypt would be credit negative if the transaction is fully debt-funded, adding that...
(Bloomberg) — January delivered a hefty slice of volatility for oil and global energy stocks as the spreading coronavirus shocked investors. But in Riyadh, shares in Saudi...
(Bloomberg) — Saudi Basic Industries Inc. expects earnings to come under further pressure this year from sluggish economic growth and an oversupply of petrochemicals. The shares fell....
