Advertisements



We are Sorry, This Page doesn't Exist


Saudi Aramco aims to buy controlling stake in SABIC: sources

Saudi Aramco aims to buy a controlling stake in petrochemical maker SABIC , possibly taking the entire 70 percent stake owned by Saudi Arabia's sovereign wealth fund, two sources familiar with the matter told Reuters......»»

Category: topSource: reuters1 hr. 50 min. ago

SABIC deal lets Saudi Arabia delay Aramco IPO, spend on growth: sources

A proposed reshuffle of state assets would allow Saudi Arabia to delay the listing of national oil giant Aramco until 2020 or beyond while still spending on economic development projects, according to three sources familiar with the matter......»»

Category: topSource: reuters1 hr. 50 min. ago

Exclusive: Investment firms fight to inject cash in Brazil carrier Oi

Three distressed asset funds have sued for the right to participate in a 4 billion reais ($1 billion) capital increase for Brazilian telecom Oi SA as part of its in-court restructuring, four sources with knowledge of the matter told Reuters this week......»»

Category: topSource: reutersJul 18th, 2018

OPEC agrees modest hike in oil supply after Iran softens stance

OPEC on Friday agreed to a modest increase in oil production from July after its leader, Saudi Arabia, persuaded arch-rival Iran to cooperate amid calls from major consumers to help reduce the price of crude and avoid a supply shortage......»»

Category: topSource: moneycentralJun 22nd, 2018

OPEC agrees modest hike in oil supply after Iran softens stance

VIENNA (Reuters) - OPEC agreed on Friday on a modest increase in oil production from July after its leader Saudi Arabia persuaded arch-rival Iran to cooperate amid calls from major consumers to help reduce the price of crude and avoid a supply shortage......»»

Category: topSource: reutersJun 22nd, 2018

Saudi struggles for Gulf oil producers" support ahead of OPEC meeting

Saudi Arabia is struggling to convince fellow OPEC members including Gulf allies on the need to raise oil output, sources familiar with the talks said ahead of a meeting on Friday. Thuy Ong reports.....»»

Category: videoSource: reutersJun 20th, 2018

Saudi Arabia plans leaders" summit this year for OPEC, allies: sources

DUBAI (Reuters) - Saudi Arabia plans to host a leaders' oil summit later this year for OPEC and non-OPEC countries participating in a supply cut pact, two sources familiar with the matter said on Friday......»»

Category: topSource: reutersJun 15th, 2018

Building-Materials Firm USG Agrees to Knauf"s $7 Billion Buyout

USG has agreed to be acquired by Germany’s Gebr. Knauf for $7 billion, capping months of deal talks between the two building-materials firms and USG’s largest investor, Warren Buffett’s Berkshire Hathaway......»»

Category: smallbizSource: wsjJun 11th, 2018

Saudi Arabia, Kuwait and U.A.E. Pledge $2.5 Billion in Aid to Jordan

Saudi Arabia and its Gulf allies pledged $2.5 billion in support of Jordan’s monarchy after mass protests over economic grievances roiled the country, sparking fears of another Arab Spring......»»

Category: topSource: wsjJun 10th, 2018

Saudi Aramco restructures non-oil assets ahead of IPO: sources

DHAHRAN, Saudi Arabia/DUBAI (Reut.....»»

Category: topSource: reutersJun 4th, 2018

China"s ZTE estimates at least $3.1 billion loss from U.S. sanctions: Bloomberg

BEIJING (Reuters) - China's ZTE Corp is estimating losses of at least 20 billion yuan ($3.1 billion) due to Washington's ban on U.S. firms supplying the telecommunications firm, Bloomberg reported on Wednesday, citing unnamed sources......»»

Category: topSource: reutersMay 22nd, 2018

OPEC may decide to ease oil supply curbs in June: sources

KHOBAR, Saudi Arabia/LONDON (.....»»

Category: topSource: reutersMay 22nd, 2018

Oil prices keep rising as US inventories drop

Oil prices kept rising to their highest since late 2014 as U.S. crude inventories declined, moving closer to five-year averages, and after sources told Reuters that top exporter Saudi Arabia aims to push prices even higher......»»

Category: topSource: moneycentralApr 19th, 2018

Oil climbs on Saudi price ambitions and U.S. stocks draw

LONDON (Reuters) - Oil prices kept rising to their highest since late 2014 as U.S. crude inventories declined, moving closer to five-year averages, and after sources told Reuters that top exporter Saudi Arabia aims to push prices even higher......»»

Category: topSource: reutersApr 19th, 2018

Saudi Arabia might not be able to afford its multibillion dollar mega-projects

Jordan Pix / Stringer / Getty Images Saudi Arabia has invested in a flurry of multi-billion dollar projects. Most people think it is an extremely rich nation .....»»

Category: topSource: businessinsiderApr 18th, 2018

Exclusive: OPEC"s new price hawk Saudi Arabia seeks oil as high as $100 - sources

DUBAI/LONDON (Reu.....»»

Category: topSource: reutersApr 18th, 2018

Why Saudi Aramco Is the World’s Most Profitable Company

According to documents obtained by Bloomberg News, Saudi Arabia's state-owned oil company, Saudi Aramco, posted a profit of $33.9 billion in the first half of last year......»»

Category: blogSource: 247wallstApr 13th, 2018

The Wall Street Journal: Qatar raises $12 billion in bond sale despite apparent Saudi interference

In its battle over bonds with Saudi Arabia, Qatar struck back on Thursday......»»

Category: topSource: marketwatchApr 12th, 2018

France signs multi-billion dollar tourism deal with Saudi

France will join Saudi Arabia in developing a multi-billion dollar open air museum in the Gulf kingdom. As Scarlett Cvitanovich reports, the tourism project will showcase Saudi history over an area the size of Belgium.....»»

Category: videoSource: reutersApr 11th, 2018

Saudi Aramco will build $44 billion "mega refinery" in India

Another day, another massive deal for Saudi Arabia's state oil giant......»»

Category: topSource: cnnApr 11th, 2018