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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......»»
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.....»»
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......»»
Big OPEC+ oil output cuts depend on U.S., others joining: sources
Saudi Arabia, Russia and allied oil producers will only agree to deep cuts to their crude output at talks this week if the United States and several others join in with curbs to help prop up prices that have been hammered by the coronavirus crisis......»»
OPEC+ meeting delayed as Saudi Arabia and Russia row over oil price collapse: sources
OPEC and Russia have postponed a meeting due on Monday to discuss oil output cuts until April 9, OPEC sources said on Saturday, as a row between Moscow and Saudi Arabia over who is to blame for plunging crude prices intensified......»»
OPEC+ meeting delayed as Saudi Arabia and Russia row over price collapse
OPEC and Russia have postponed a meeting planned for Monday until later next week, OPEC sources said on Saturday, as a row intensified between Moscow and Saudi Arabia over who is to blame for plunging oil prices......»»
U.S.-Saudi oil alliance idea born at White House, put on back burner for now
Top U.S. officials have for now put aside a proposal for an alliance with Saudi Arabia to manage the global oil market, according to three sources with knowledge of the matter, an idea one of them said came from White House national security advisers......»»
Exclusive: India plans to top up strategic tanks with cheap Saudi, UAE oil - sources
India plans to take advantage of low prices for oil from Saudi Arabia and the United Arab Emirates to top up its strategic petroleum reserves (SPR), two sources familiar with the matter said on Monday......»»
Aramco Cuts CapEx By $10 Billion As Profits Plunge
Aramco Cuts CapEx By $10 Billion As Profits Plunge In the aftermath of Saudi Arabia's declaration of an oil price war last weekend, which sent the price of crude tumbling about 30% overnight,.....»»
Saudi Arabia asked state agencies to implement big budget cuts: sources
Saudi Arabia has asked state agencies to submit proposals for cuts of at least 20% to their budgets in a fresh austerity drive to cope with a sharp drop in oil prices, four sources familiar with the matter said......»»
Saudi Arabia has asked state agencies to implement big budget cuts: sources
Saudi Arabia has asked state agencies to submit proposals for cuts of at least 20% to their budgets in a fresh austerity drive to cope with a sharp drop in oil prices, four sources familiar with the matter said......»»
Saudi Arabia delays crude OSPs on OPEC+ deal uncertainty
Saudi Arabia's state oil firm told buyers that is has delayed publishing its crude official selling prices (OSP) for April until after a meeting between OPEC and its allies, two sources with direct knowledge said......»»
Exclusive: Aramco to win unconditional EU clearance for $69 billion SABIC deal - sources
World No. 1 oil producer Saudi Aramco is set to gain unconditional EU antitrust approval for its $69 billion buy of a 70% stake in petrochemicals group Saudi Basic Industries Corp (SABIC) , people familiar with the matter said on Friday......»»
Exclusive: South Africa seeks to unlock stalled arms sales to Saudi, UAE
South Africa aims to free up over a billion dollars in stalled weapons sales, including to Saudi Arabia and United Arab Emirates, by amending a document at the heart of an export row, a senior arms control official told Reuters......»»
A Saudi family feud, a decade-long debt saga and a court"s $14 billion decision
Saudi Arabia's largest and longest debt saga, fueled by a feud that has split one of its richest families, could be nearing a resolution after a court approved about $14 billion in claims related to the collapse of two business empires a decade ago......»»
Faegre Baker Daniels agrees to merger with Philly"s Drinker Biddle
Drinker Biddle & Reath has agreed to a merger of relative equals with Faegre Baker Daniels in a move that will create one of the 40 highest grossing U.S. law firms with almost $1 billion in revenue and 1,300 lawyers. Partners from both firms have ratifi.....»»
Drinker Biddle agrees to merge with Indianapolis-based firm
Drinker Biddle & Reath has agreed to a merger of relative equals with Indianapolis-based Faegre Baker Daniels, a move that will create one of the 40 highest grossing U.S. law firms with almost $1 billion in revenue and 1,300 lawyers. Partners from both .....»»
Saudi Arabia Announces 2020 Budget: Delivering Efficiently and Powering Private Sector Growth
RIYADH, Saudi Arabia, Dec. 9, 2019 /CNW/ --Â The 2020 budget indicates total expenditures of SAR 1,020 billion, and SAR 833 .....»»
OPEC agrees to redistribute oil cuts under Saudi pressure
OPEC+ will adjust its output target and redistribute production cuts between its members under pressure from Saudi Arabia, which has long carried an outsized share of the burden......»»
OPEC+ agrees to redistribute oil cuts under Saudi pressure
OPEC+ will adjust its output target and redistribute production cuts between its members under pressure from Saudi Arabia, which has long carried an outsized share of the burden......»»