Saudi

Saudi Arabia Gives Up $27 Billion to Wealth Fund for Deals

The movement of funds from Saudi Arabia to the PIF from SAMA, as the central bank is known, indicates that the role of the central bank could be gradually shifting, Mohamad Al Hajj, Dubai-based equity strategist for the Middle East and North Africa at EFG-Hermes U.A.E. Ltd.

Read Full Article

Snow Cover Sand Over Saudi Arabia Regions

Saudi can possibly have a winter wonderland as snow covers its deserts.

Read Full Article

Saudi Fund Eyes Overseas Deals Exploration

The Kingdom of Saudi Arabia's sovereign wealth fund is considering selling stakes in local companies to raise funds for international expansion, according to five people with knowledge of the matter.

Read Full Article

Softbank's Big Investment

Softbank will give its Investment and will tie up with Saudi Arabia with a multibillion investment.

Read Full Article

Iran to sell crude oil to Asia on a huge discount in a bid to regain market share in the region

Next month, Iran is going to reduce prices for all its oil grades export to Asia, according to two people who knew the decision. There will be a reduction on the premium on its main light crude over the similar Saudi blend to the narrowest since the end of 2012 as reported by Bloomberg.

Read Full Article

Lavish freebies from Saudi king to buoy economy, markets

A lavish payout to public employees ordered by Saudi Arabia's new King Salman will help to sustain the kingdom's consumer boom and reassure financial markets that the government is not slashing expenditure in the face of low oil prices.

Read Full Article

Facing new oil glut, Saudis avoid 1980s mistakes to halt price slide

Still haunted by its failed attempt to prevent a steep drop in oil prices by slashing production by almost three quarters in the 1980s, the world's top oil exporter Saudi Arabia is determined not to make the same mistake again.

Read Full Article

Privately, Saudis tell oil market: get used to lower prices

Saudi Arabia is quietly telling oil market participants that Riyadh is comfortable with markedly lower oil prices for an extended period, a sharp shift in policy that may be aimed at slowing the expansion of rival producers including those in the U.S. shale patch.

Read Full Article

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics