Saudi
Hong Kong woos Saudi money in attempt to revive stock market
HONG Kong is turning to oil-rich Saudi Arabia for new funds to help offset a growing list of challenges facing its stock market. The Saudi Tadawul Group and Hong...
Singapore architectural firm wins US$28 million deal to light up mega theme park in Saudi Arabia
SINGAPORE-BASED Swan & Maclaren Group (SMG), one of the country’s oldest architectural firms, has clinched a US$28 million tender to provide illumination systems for the Six Flags Qiddiya theme...
Aramco to pay US$31 billion dividend as Saudi posts budget deficit
ARAMCO will pay US$31 billion in dividend to the Saudi government and other investors despite lower profit, as the kingdom’s economy continues to struggle with a budget deficit.The world’s...
Shell in talks to sell Malaysia fuel stations to Saudi Aramco: sources
ENERGY giant Shell is in talks with Saudi Arabia’s state-owned Saudi Aramco to sell its gas station business in Malaysia, the second-largest such network in the country, four industry...
Saudi Arabia hikes oil selling prices for all grades to Asia
Saudi Arabia raised the price of its flagship crude to Asia for a third consecutive month, as the kingdom tries to tighten the oil market to prevent a global...
Saudi National Bank posts marginal rise in Q1 profit
Saudi National Bank (SNB), the Kingdom’s largest bank by assets, posted a marginal increase in first-quarter profit on Monday (Apr 29), as the lender was hit by higher operating...
Saudi Aramco in talks to buy 10% of China’s Hengli Petrochemical
SAUDI oil giant Aramco said on Monday (Apr 22) it is in talks to acquire a 10 per cent stake in China’s Hengli Petrochemical, a deal which would further...
Saudi PIF merges mobile tower firms to create regional giant
SAUDI Arabia’s sovereign wealth fund agreed to buy a majority stake in Saudi Telecom’s tower unit for 8.7 billion riyals (S$3.15 billion) and plans to merge it with other...
