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SoftBank, PIF in early funding talks with banks on huge solar project - sources

DUBAI (Reuters) - SoftBank Group Corp and Saudi Arabia's Public Investment Fund are in early talks with banks about potential funding for a multi-billion dollar solar power project planned in the kingdom, say sources familiar with the matter......»»

Category: topSource: reutersMay 14th, 2018

Saudi Arabia to apply for $12 billion loan after Aramco IPO stalls: FT

Saudi Arabia's sovereign fund is set to borrow up to $12 billion from international banks after IPO plans for state energy group Saudi Aramco were put on hold, the Financial Times reported, citing sources......»»

Category: topSource: reutersAug 23rd, 2018

Exclusive: Defense firms see only hundreds of new U.S. jobs from Saudi mega deal

Every time President Donald Trump mentions the $110 billion arms deal he negotiated with Saudi Arabia last year, he quickly follows up, saying "It's 500,000 jobs.".....»»

Category: topSource: reutersOct 30th, 2018

Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.

Neom officials visited Beijing, Shanghai, and Hong Kong in an attempt to court Chinese investors and shed more light on the $500 billion megaproje.....»»

Category: smallbizSource: nytApr 22nd, 2024

Oil giant Saudi Aramco sees 2020 profits drop to $49 billion

Saudi Arabia's state-backed oil giant Aramco announced Sunday that its profits nearly halved in 2020 to $49 billion, a big drop that came as the coronavirus pandemic roiled global energy markets......»»

Category: topSource: foxnewsMar 21st, 2021

Saudi Arabia"s $400 billion sovereign wealth fund reveals billion-dollar stakes in video game stocks, and almost doubled its holdings of US equities in the 4th-quarter

The kingdom's Public Investment Fund bought a $1.06 billion stake in Electronic Arts and a $1.4 bi.....»»

Category: topSource: businessinsiderFeb 17th, 2021

Saudi Sovereign Wealth Fund Is Betting On These 3 US Video-Game Stocks

Saudi Arabia’s sovereign wealth fund has invested more than $3 billion in shares of video-game companies, according to 13F filings made with the United States Securities and Exchange Commission.  read more.....»»

Category: blogSource: benzingaFeb 17th, 2021

Saudi Arabia won"t work with foreign firms without regional HQs in country starting in 2024

Saudi Arabia will no longer sign contracts with foreign companies which do not have a regional headquarters in the kingdom after 2023, state news agency SPA reported on Monday, citing an official source......»»

Category: topSource: foxnewsFeb 16th, 2021

Saudi Arabia is tripling its value-added tax rate in a plan to save $27 billion amid plummeting oil prices and the coronavirus

adznano3/Shutterstock Saudi Arabia is tripling its value-added tax (VAT) rate as part of its plan to save $27 billion amid a series of economic crises. VAT will.....»»

Category: topSource: businessinsiderMay 11th, 2020

Saudi Arabia Running Out Of Money: Riyadh To Slash Spending By $27 Billion, Suspend Cost Of Living Allowance

Saudi Arabia Runnin.....»»

Category: blogSource: zerohedgeMay 11th, 2020

Germany agrees on Lufthansa rescue package worth 9 billion euros: Business Insider

Germany has agreed to help airline Lufthansa with a rescue package worth about 9 billion euros ($9.74 billion) in return for a blocking minority and one or two supervisory board mandates, Business Insider cited company sources as saying......»»

Category: topSource: reutersApr 28th, 2020

Saudi Arabia may re-route tankers if U.S. imposes crude import ban, sources say

Saudi Arabia is exploring re-routing millions of barrels of oil onboard tankers sailing to the United States if President Donald Trump decides to block imports of crude from the kingdom, shipping and trade sources say......»»

Category: topSource: reutersApr 22nd, 2020

Saudi Arabia may re-route tankers if U.S. imposes crude import ban: sources

Saudi Arabia is looking into re-routing millions of barrels of oil onboard tankers sailing to the United States if President Donald Trump decides to block imports of crude from the Kingdom, shipping and trade sources say......»»

Category: topSource: reutersApr 22nd, 2020

Airbnb in advanced talks about new $1 billion loan: sources

Airbnb is in advanced talks for a new $1 billion loan just days after the U.S. home rental company closed a $1 billion debt deal with private equity firms, people familiar with the matter said on Tuesday......»»

Category: topSource: reutersApr 14th, 2020

Exclusive: Saudi Aramco in talks with banks to borrow about $10 billion - sources

Saudi Aramco, the world's largest oil producer, is in early talks with banks for a loan of about $10 billion to help finance its acquisition of a 70% stake in Saudi Basic Industries Corp (SABIC), according to three banking sources......»»

Category: topSource: reutersApr 14th, 2020

Saudi, others resist Mexican plan to make small oil output cuts - sources

Saudi Arabia and other oil producers in the OPEC+ group pushed back on Friday on a Mexican plan to cut less than requested under plans for global supply curbs, two sources from the OPEC+ group said on Friday......»»

Category: topSource: reutersApr 10th, 2020

Oil prices soar as OPEC+ prepares to cut supplies

Oil prices jumped on Thursday after sources said Russia and Saudi Arabia have a new deal to cut oil output drastically in response to a collapse in global demand from the coronavirus......»»

Category: topSource: reutersApr 9th, 2020

Exclusive: JPMorgan looking to offload Saudi and UAE sovereign fund loans - sources

JPMorgan is seeking to sell at a discount loans raised by the sovereign wealth funds of Saudi Arabia and the United Arab Emirates, according to two sources and a document, as banks brace for a borrowing spree in the Gulf due to low oil prices......»»

Category: topSource: reutersApr 9th, 2020

Saudi Arabia plowed $1 billion into Shell and other European oil producers

Saudi Press Agency via AP Saudi Arabia snapped up about $1 billion worth of stock in four European oil companies, T.....»»

Category: topSource: businessinsiderApr 9th, 2020

Airbnb"s new $1 billion investment comes at lower valuation: sources

Airbnb Inc's new $1 billion investment from private equity firms Silver Lake and Sixth Street Partners has terms that imply a reduced valuation of the home rental company, people familiar with the matter said on Tuesday......»»

Category: topSource: reutersApr 7th, 2020