25 billion reasons: Why Saudi is listing its crown jewel
Despite its almost unimaginable oil wealth, Saudi Arabia's finances have sagged along with the price of crude, causing its budget deficit to balloon. It still has around $500 billion in fiscal reserves run by the country's central bank and some $250 billion managed by the public investment fund (PIF), the kingdom's main investment vehicle.
Saudi Aramco shares to start trading on December 11
Aramco raised $25.6 billion, beating Alibaba’s record $25 billion listing in 2014.
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 ...
Saudis offer carrot and stick to get Opec to defend oil prices
The potential reward for complying: Riyadh will lead the way in deepening curbs.
OPEC and allies prepare to deepen oil output cuts
The Organization of the Petroleum Exporting Countries (OPEC) meets on Thursday in Vienna and with Russia and others, a grouping known as OPEC+, on Friday.
Oil rises for a second day as Saudi Arabia pushes supply cut
US West Texas Intermediate crude was up by 21 cents, or 0.4 per cent, at $56.17 a barrel.
Saudi Aramco IPO institutional tranche 2.95 times oversubscribed
Aramco plans to sell 1.5 per cent of its shares in a deal that could raise up to $25.6 billion.
Oil rises as Saudi Arabia pushes for further supply cuts
US West Texas Intermediate crude was up 25 cents, or 0.5 per cent, at $56.21 a barrel.
Saudi Arabia wants OPEC+ to deepen oil cuts due to Aramco IPO
Prince Abdulaziz bin Salman heads to Vienna this week for his first OPEC meeting as Saudi Arabia's energy minister.
Saudi, Russia win over oil producers to deeper cuts
Benchmark Brent oil prices were steady on Friday near $63 per barrel.
Oil rises, US crude trading near two-month high after OPEC cut
A panel of ministers representing OPEC and non-OPEC producers led by Russia recommended the cuts be made, according to Russian Energy Minister Alexander Novak on Thursday.
Market Movers: What changed for D-Street while you were sleeping
US stocks closed higher on Thursday as investors digested the latest jobs data.
Saudi Aramco IPO's retail tranche oversubscribed
Aramco is the crown jewel of the economy and the world's most profitable company.
Aramco CEO survives drones, outlasts rival in stormy IPO year
The cash cow sustaining Saudi Arabia, Saudi Aramco is selling a 1.5% stake after which CEO Amin Nasser won’t have complete control of the company. Later this month Riyadh stock exchange will be set to trade world’s largest publicly traded company.
India becomes 1st country to make entire Haj process digital: Mukhtar Abbas Naqvi
An online application, e-visa, Haj mobile app, "e-MASIHA" health facility, "e-luggage pre-tagging" providing all information in India itself regarding accommodation and transportation in Mecca and Madina will be provided to 2 lakh Indian Muslims going for Haj in 2020, Minority Affairs Minister Mukhtar Abbas Naqvi said.
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