On Tuesday, for the first time Saudi Arabia celebrated its founding day nearly 300 years ago, and chose to downplay the role played by clerics from the ultra-conservative Wahhabi school of Islam. The anniversary marks the day in 1727 when… Read More ›
In a statement, U.S. President Donald Trump said, he expects Russia and Saudi Arabia to reach an agreement on crude oil production in the next few days, and end the price war between the two which has “ravaged” the oil… Read More ›
The IPO, which is likely to be upwards of $20 billion, will be one of the biggest ever public offerings to hit the market. On Wednesday, in a statement Saudi Arabia’s energy minister said, the initial public offering (IPO) for… Read More ›
According to industry analysts, the ongoing purge in Saudi Arabia is likely to have little immediate impact on oil prices since the Crown Prince is committed to maintaining a continuance to existing policies, including cutting down the glut in the… Read More ›
Championed by Saudi’s Mohammed bin Salman, the Deputy Crown Prince, the world’s biggest IPO is expected to be valued to at least $2 trillion. Saudi Aramco has selected Morgan Stanley, JPMorgan Chase & Co and HSBC Holdings Plc as its… Read More ›
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