Tuesday, 19 Nov 2019

Category: Business

Saudi Aramco to Sell 1.5% Stake, Raise up to $25.6 Billion

DUBAI, UNITED ARAB EMIRATES – Saudi Arabia’s state-owned oil giant Aramco announced Sunday it will sell a 1.5% stake in the company as it looks to raise as much as $25.6 billion from the sale.The newly released figures also revealed a valuation for the…

Saudi Aramco to Sell 1.5% Stake, Raise up to $25.6 Billion

DUBAI, UNITED ARAB EMIRATES – Saudi Arabia’s state-owned oil giant Aramco announced Sunday it will sell a 1.5% stake in the company as it looks to raise as much as $25.6 billion from the sale.The newly released figures also revealed a valuation for the…

OPEC Prices Slightly Rise

Baghdad, The price of OPEC basket of fourteen crudes stood at $62.82 a barrel on Tuesday, compared with $62.26 the previous day, according to OPEC Secretariat calculations.The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan B…

Bahrain Bourse Rises

Manama, Bahrain All Share Index has closed at 1,523.27 points marking an increase of 1.14 points above the previous closing.This increase was due to the rise in the Commercial Banks Sector, Investment Sector and Services Sector.Bahrain Islamic Index ha…

Fundraiser Posts $3 million Bond on Campaign Finance Charges

A prolific fundraiser charged with funneling illegal foreign campaign contributions to American political candidates surrendered to authorities in Los Angeles on Wednesday and was released on $3 million bond.The court appearance came about a week after…

Fundraiser Posts $3 million Bond on Campaign Finance Charges

A prolific fundraiser charged with funneling illegal foreign campaign contributions to American political candidates surrendered to authorities in Los Angeles on Wednesday and was released on $3 million bond.The court appearance came about a week after…

Report: Saudi Aramco Shares to Start Trading in December

RIYADH, The long-planned initial public offering of a sliver of Saudi Arabia’s state-run oil giant Saudi Aramco will see shares traded on Riyadh’s stock exchange in December, a Saudi-owned satellite news channel reported Tuesday as the kingdom’s marque…