MOHAMMED AL MUALLEM
No rush as many investors steer clear of Aramco IPO
The state oil giant confirmed on Thursday that its initial public offering would be the biggest in history, raising $25.6 billion. The offering will surpass Alibaba’s 2014 New York flotation and value Aramco at $1.7 trillion — still short of the prince’s $2 trillion goal.
25 billion reasons: Why Saudi is listing its crown jewel
Despite its almost unimaginable oil wealth, Saudi Arabia's finances have sagged al...
Saudi Aramco prices shares at top of range in world's biggest IPO
Aramco may also exercise a 15% "greenshoe" option, allowing it to increase ...
Saudi Aramco IPO oversubscribed so far, but not by big margin
Bids received by Friday from institutional and retail investors totalled $44.3 billion, lead manager Samba Capital said.
Saudi Aramco IPO's retail tranche oversubscribed
Aramco is the crown jewel of the economy and the world's most profitable company.
Aramco offer’s institutional tranche oversubscribed: Source
Saudi oil giant plans to sell 1.5% of the comapny.
UAE can play vital role in Narendra Modi's vision of USD 5 trillion economy, says official
Narendra Modi's subsequent two visits to the UAE in February 2018 and August 2019 and, visits of Crown Prince of Abu Dhabi Sheikh Mohammed bin Zayed Al Nahyan to India in February 2016 and January 2017 as the chief guest on the Republic Day celebration had made the bilateral relations more cordial, added UAE Ambassador to India Ahmed Albanna.
Saudi central bank says Aramco IPO not causing liquidity issues for banks
The IPO has attracted approximately 73 billion riyals ($19.5 billion).
Pakistan expresses disappointment over US report critical of Islamabad on terror
The State Department's 'Country Report on Terrorism 2018' on Friday said that the Pakistani government did not restrict the Taliban and the Haqqani Network from operating in Pakistan-based safe havens and threatening the US and Afghan forces. The damning report also said that Pakistan has "failed to significantly limit" militant outfits.
US report pulls up Pakistan for failing to limit Lashkar, Jaish
The report said that although Pakistan’s laws comply with international anti-money laundering and terrorism financing standards, the “authorities failed to uniformly implement UN sanctions related to designated entities.
Pakistan 'failed to significantly limit' terror outfits from fundraising, recruiting: US
“The (Pakistan) government failed to significantly limit Lashkar-e-Taiba and Jaish-e-Mohammad from raising money, recruiting and training in Pakistan – and allowed candidates overtly affiliated with LeT front organisations to contest the July general elections,” the US State Department said in the report.
Saudi Aramco IPO's institutional tranche oversubscribed
Aramco plans to sell 1.5% of the company, or about 3 billion shares, at an indicative price range of 30 riyals to 32 riyals.
Pakistan’s double speak on Afghanistan: US State Dept
The report took note of India’s long stand on terrorist groups like LeT and JeM, which are located in Pakistan, and often conduct terrorist attacks on India. The report claimed that the Pak govt failed to limit these terrorist groups from raising money, recruiting, and training in Pakistan but also allowed their candidates overtly to contest the July 2018 general elections.
Al-Qaeda offshoot AGH wiped out from Kashmir: J&K DGP
J&K police chief Dilbag Singh said the three terrorists killed in a gunfight with security forces in Rajpora area of Pulwama district in south Kashmir on Tuesday night were Lelhari and his associates Junaid Rashid and Naveed.
Saudi Aramco: Wall Street banks walk into a $2 trillion mess
Almost all of the big Wall Street and European investment banks are on the roster for the sale of shares.
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