GoAir starts maiden flight to Saudi Arabia
Jeh Wadia, managing director, GoAir said: “With the new flight to KSA, GoAir further consolidates its international network - within a short span of 14 months we have added 9 destinations. Our flights to Dammam are already receiving an overwhelming response. Dammam is GoAir's 4th international destination from Kannur International Airport.
Listing catapults Saudi Arabia ahead of Canada, Germany in market capitalisation
The company’s stock hit the daily upper circuit limit of 10 ...
Saudi Arabia ready to issue new international bonds as soon as January
Local issues are expected to account for 55 per cent of the total debt...
Saudi Aramco has to jump several hurdles for overseas listing: Vandana Hari
One of the big challenges for the Saudi government is how to raise additional money from Aramco sales to international investors. The manner in which the Saudi Aramco IPO was sold and pushed through to Saudi citizens and companies and institutional investors, have raised doubts whether the valuation we are seeing now -- almost $1.9 trillion -- is credible and reliable.
Oil market oversupply set to stay despite Opec+ pact: IEA
The IEA revised down its forecast for supply growth by non-OPEC countries in 2020 by 200,000 bpd.
Aramco trading debut to make Saudi bourse world’s ninth-biggest
The start of trading in Riyadh marks the end of a near four-year saga.
Opec sees small 2020 oil deficit even before latest supply cut
In a monthly report, OPEC said demand for its crude will average 29.58 million barrels per day (bpd) next year.
View: Saudi Aramco's $2 trillion dream isn't really about oil
Saudi officials have taken to the oil sector’s investor relations style with aplomb.
View: Saudi Aramco's true value is still a mystery
A more open Aramco can only be a good thing, but much will depend on whether it embraces transparency (despite the Kingdom of Saudi Arabia owning almost all of the stock). The IPO process invited a global discussion about Aramco’s true value.
Saudi Aramco tops $2 trillion, defying valuation sceptics
The Saudi Crown Prince has made the Aramco IPO the centrepiece of his plan to diversify the Kingdom's economy away from its dependence on oil production by using the $25.6 billion raised to develop other sectors. But that was well below the Crown Prince's plan announced in 2016 which called for raising as much as $100 billion.
Oil bulls gearing up for a rally, but Trump may play spoilsport
Oil traders should remain cautious and not get too carried away by the Opec+ saga.
Saudi Aramco debuts at 10% premium over issue price
Aramco raised $25.60 billion in the biggest-ever IPO by selling shares at 32 riyals.
Pakistan, Asian Development Bank sign loan agreement worth USD 1.3 billion
On Friday, the bank said it has approved a USD 300 million policy-based loan that will help Pakistan to address financial sustainability, governance, and energy infrastructure policy constraints in country's energy sector.
Goldman raises oil forecast on Opec output cuts
The bank revised its Brent spot price forecast to $63 per barrel for 2020.
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