Saudi
Saudi Aramco’s second-quarter profit slips 3% on lower crude output
OIL giant Saudi Aramco on Tuesday (Aug 6) reported a 3.4 per cent fall in second-quarter profit on lower crude volumes and softer refining margins.
Aramco posted second-quarter net income...
Saudi Arabia raises oil prices to Asia in sign of faith in demand
SAUDI Arabia raised the price of its flagship crude to Asia for the first time in three months, a tentative sign that the kingdom remains confident about demand in...
China investors pile into Saudi ETFs as two nations grow closer
CHINESE investors are pouring money into two new exchange-traded funds (ETFs) tracking Saudi Arabian shares as the dismal performance of local equities supercharges demand for overseas assets.The Saudi-focused ETFs...
China’s Baosteel to boost investment in steel plate in Saudi to US$1 billion
CHINA’S biggest listed steelmaker, Baoshan Iron and Steel Co (Baosteel), said on Thursday (Jul 25) that it will more than double its investment in a steel plate joint venture...
Saudi Aramco seeks at least US$3 billion from first bond sale in three years
SAUDI Aramco is looking to raise at least US$3 billion from its first bond sale in three years, according to sources familiar with the plan. The world’s biggest oil...
Saudi Aramco to buy 10% stake in Renault, Geely auto JV
The transaction is set to value Horse Powertrain at around 7.4 billion euros with Renault and Geely keeping roughly 45 per cent eachSAUDI Aramco is poised to take a...
Saudi Aramco shares trade higher after share offering
Saudi Aramco’s shares gained on Sunday (Jun 9), the first trading day after a secondary share offering expected to raise at least US$11.2 billion.The shares opened at 27.95 riyals...
Saudi Aramco shares trade higher after share offering
Saudi Aramco’s shares gained on Sunday (Jun 9), the first trading day after a secondary share offering expected to raise at least US$11.2 billion.The shares opened at 27.95 riyals...
