Follow Us:
Saturday, December 14, 2019

Saudi Arabia


Aramco IPO to help economic shift from oil: Saudi Finance Minister

December 11, 2019 3:09 pm

The Saudi economy grew 0.4% this year, according to official estimates, as the kingdom cut its crude production under a global supply reduction agreement. The government expects growth of 2.3% next year, supported by non-oil sectors.

Saudi Aramco starts trading, gaining 10% and reaching $1.8 trillion

December 11, 2019 1:41 pm

Saudi Arabia's oil company Aramco is now listed and has started trading on the Saudi Tadawul stock exchange for the first time after a mammoth $25.6 billion initial public offering that set the record as the biggest ever in history.

FBI thinks Saudi shooter acted alone, Florida governor decries 'deep-seated' hatred

December 09, 2019 10:59 am

US President Donald Trump said on Saturday that King Salman and Crown Prince Mohammed bin Salman were "devastated" by what took place and pledged to help families of the victims.

How Aramco’s huge IPO fell short of Saudi Prince’s wish

December 07, 2019 11:09 am

Saudi Arabia was counting on the IPO to attract foreign investment to help diversify its economy away from oil. An Aramco IPO valuation reduced by forecasts of weakening global demand for oil and geopolitical jitters could hurt that effort.

Saudi flight makes emergency landing in Bengaluru, disrupts operations for 45 mins

December 02, 2019 4:30 pm

According to the Airport sources, a technical glitch in the aircraft forced to do an emergency landing in Bengaluru airport, where around 250-280 passengers and crew landed safely and taken them to the terminal.

Explained: What is the Saudi-UAE project in India whose cost has escalated?

December 02, 2019 8:08 am

A refinery project in India, set to be jointly built by Saudi Aramco and Abu Dhabi National Oil Company (ADNOC), reportedly faces an estimated cost escalation to $70 billion from the previous $44 billion.

Aramco IPO retail offering fully covered as deadline approaches

November 29, 2019 8:06 am

The Saudi Aramco subscription reached 38.1 billion riyals ($10.2 billion), lead manager Samba Capital said in a statement, equivalent to about 120% of the portion set aside for retail investors.

Saudi Arabia is stepping up crackdown on dissent, rights groups say

November 27, 2019 8:17 am

Since Crown Prince Mohammed bin Salman became Saudi Arabia’s de facto leader in 2017, the government has arrested dozens of activists, bloggers and others perceived as political opponents, showing almost zero tolerance for dissent even in the face of international condemnations of the crackdown.

Siege of Mecca's Grand Mosque: What happened in Saudi Arabia 40 years ago, how it affects world today

November 25, 2019 3:38 pm

The Saudi royal family realised the only way to cement its authority was to position itself as the foremost protector of the faith, thus minimising the chances of rebellion from within.

Aramco faces serious risks from climate change, report says

November 21, 2019 11:21 am

Water levels in the Arabian Sea, near where much of Aramco’s infrastructure is located, are expected to rise by about 13 centimetres (5.1 inches) by 2030, the consultant said.


Breaking protocol, PM Modi receives Saudi Crown Prince at Delhi airport

February 20, 2019 6:50 am

During Salman’s visit, New Delhi and Riyadh will set up a “Strategic Partnership Council” at the ministerial level to deepen partnership in areas like political, security, trade, investment and culture


Killing Kashoggi: How a brutal Saudi hit job unfolded

November 22, 2018 7:52 pm

An autopsy expert. A lookalike. A black van. Our video investigation follows the movements of the 15-man Saudi hit team that killed and dismembered the journalist Jamal Khashoggi.

Fuel prices at an all-time high: News in Numbers

September 03, 2018 10:21 am

How the government is explaining the rise in petrol and diesel prices. Take a look in today’s News in Numbers.

EU parliament urges Saudi arms embargo

February 26, 2016 4:17 pm