Despite a 24.7% profit drop, Saudi Aramco reported increased dividends in 2023 and billions of investments to keep Saudi Arabia's economy afloat.
Saudi Arabia
Saudi Arabia, Russia, and some other key members of the Organization of the Petroleum Exporting Countries Plus (OPEC+) have decided to prolong their voluntary crude supply cuts until June.
Amazon said Friday that it had paid around $1.9 million to over 700 migrant workers in Saudi Arabia who claimed they had suffered human rights abuses.
Saudi Arabia has opened its first liquor store in over 70 years, marking a significant departure from its conservative traditions.
Saudi Arabia's Public Investment Fund (PIF) has emerged as the world's most active sovereign investor in 2023, with deals worth billions of dollars.
Saudi Arabia has unveiled a 30-year tax exemption package for foreign companies that want to establish their regional headquarters in the kingdom.
Resarch said that the clustered bomb that have been deployed in Yemen were from Britain and is helping to traiin the Saudi forces.
Saudi Arabia's non-oil businesses recorded an increased activity in November. This came after the sector struggled in September to October. Compared to the previous month's PMI record of 53.2, the sector gained momentum as it recorded 55.0 in November.
Saudi Arabia’s King Salman issued a directive to transfer $27 billion to the Public Investments Fund. The allocation to the sovereign wealth fund aims to diversify investments and lessen the country’s dependence on oil revenues.
Softbank Group Corp. has declared its alliance with Saudi Arabia. Japan's Softbank was happy to have Saudi as its partner in a multibillion investment. The biggest bet ever.
Softbank Group Corp. has declared its alliance with Saudi Arabia. Japan's Softbank was happy to have Saudi as its partner in a multibillion investment. The biggest bet ever.
Wall Street ended higher on Tuesday trading session as energy stocks rallied helped by increasing crude prices. The US crude prices reached its new height in 2016.
Saudi Arabia just got a negative rating from Fitch, from AA to AA-. The downgrade is due to the oil-rich kingdom's decision to slash its average oil price assumptions from $35 to $45 a barrel for 2016 and 2017.
Russia produced 10.91 million barrels per day in March. This recorded as the highest in 30 years and raising the doubt on the production freeze.
The Kingdom of Saudi Arabia is poised to sell bonds after it has secured syndicated loans. The government is already in talks with the banks and will host Euromoney Saudi Arabia Conference on May 3 to 4 to determine the future of KSA market.
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