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…
Category: Business
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…
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…
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…
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…
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…
Riyadh, The Saudi Arabian General Investment Authority (SAGIA) announced the signing and exchange of 24 investment agreements, as the Future Investment Initiative draws to a close in Riyadh.Totaling more than US$20 billion in value, these agreements we…
UNITED NATIONS – The United States and 22 other countries at the United Nations pushed China on Tuesday to stop detaining ethnic Uighurs and other Muslims, prompting China’s U.N. envoy to warn it was not “helpful” for trade talks between Beijing and Wa…
CAIRO – Saudi Arabia has been hosting more than 300 of the world’s political and economic leaders at its three-day “Davos in the Desert” conference, which is focusing on investments, infrastructure and technology for the future of the kingdom.Saudi-own…
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…