Saudi
Saudi Arabia reports first-quarter deficit of US$15.65 billion
Declining oil prices and voluntary production cuts have weighed on Saudi revenue in recent yearsPublished Mon, May 5, 2025 · 10:01 PM[RIYADH] Saudi Arabia’s deficit widened significantly to US$15.65...
China’s Sinopec partners with Saudi Aramco’s unit in 28.8 billion yuan JV
Published Mon, Apr 28, 2025 · 08:32 PM[BENGALURU] China’s state-run Sinopec said on Monday (Apr 28) it had signed an agreement with a unit of Saudi Aramco to establish...
Metals billionaire Anil Agarwal seeks mining reboot amid debt overhaul, Saudi push
[DUBAI] Indian billionaire Anil Agarwal is inching closer to finishing a long-planned breakup of his metals-to-energy conglomerate Vedanta, a move aimed at trimming the group’s US$11 billion debt pile...
Tesla’s Saudi Arabia entry puts ‘funding secured’ feud to rest
[RIYADH] Tesla is opening up shop in Saudi Arabia in the latest sign Elon Musk has put to rest a once-bitter feud with one of the kingdom’s most powerful...
Seatrium wins offshore rig contract from Saudi Aramco-backed International Maritime Industries
RIG designer Seatrium Offshore Technology, a wholly owned subsidiary of Seatrium, has secured a contract from shipyard International Maritime Industries (IMI) to provide equipment, and a licence to build...
Russian and US Officials Meet in Saudi Arabia for High-Stakes Peace Talks to End Ukraine War as Both Nations Draw 3 Major Goals
The United States and Russia agreed on Tuesday to begin efforts toward ending the war in Ukraine, the deadliest conflict in Europe since World War II, with both nations...
Salesforce plans US$500 million in AI-related investments in Saudi Arabia
CLOUD software seller Salesforce said on Monday (Feb 10) that it plans to invest US$500 million in Saudi Arabia related to artificial intelligence (AI), as countries compete to secure...
Saudi Aramco boosts prices to Asia as Middle Eastern crude soars
SAUDI Arabia hiked the price of its flagship crude to Asia by the most in more than two years as the kingdom responds to surging premiums for Middle Eastern...
