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2 mins read
Saudi Arabia to raise $12 billion by selling more shares in Saudi Aramco amid Neom struggles
The sale comes amid Saudi Crown Prince Mohammed bin Salman's Vision 2030 plan to diversify the king…
Polly Thompson
3 mins read
Saudi Arabia spent years investing in global tech firms. Its domestic AI push hopes they'll return the favor.
The kingdom is looking to companies overseas to help it meet its AI ambitions at home after years o…
Hasan Chowdhury
3 mins read
Saudi Arabia just stepped up plans to court the world's AI leaders to its desert kingdom
The Middle East kingdom is betting big on AI as it races against the clock to diversify its economy…
Hasan Chowdhury
1 min read
Saudi Arabia is reportedly funding a Chinese startup that aims to take on OpenAI
A Saudi Arabian fund recently became the sole foreign investor in Zhipu AI, a Chinese startup that …
Beatrice Nolan
1 min read
Oil giant Saudi Aramco points to lower crude prices as profits plunge 38% in the 2nd quarter
The state-run energy major reported about $30 billion in net profits last quarter, down sharply fro…
Phil Rosen
2 mins read
Saudi Aramco, the world's largest oil company, announces record profit of over $161 billion for 2022
The Saudi Arabian Oil Company, commonly referred to as Saudi Aramco, posted a record profit of $161…
Aaron McDade
3 mins read
Business Secretary Kwasi Kwarteng travelled around Saudi Arabia on flights paid by energy giant Aramco
Kwasi Kwarteng was flown around Saudi Arabia in January 2022 by majority state-owned energy firm Ar…
Henry Dyer
1 min read
Saudi oil giant Aramco's net income rose by 124% in 2021
The Saudi Aramco announced that its net income in 2021 rose by 124 per cent, reaching $110 billion.…
2 mins read
Saudi Arabia's futuristic $500 billion Neom megacity just got a lot smaller ... for now, report says
The Neom megacity is part of Saudi Crown Prince Mohammed bin Salman's Vision 2030 plan to diversify…
Nathan Rennolds
1 min read
Saudi Aramco is reportedly considering an IPO for its trading unit as oil prices soar
Saudi Aramco's trading unit could be valued at more than $30 billion, sources told Bloomberg. The o…
Carla Mozée
2 mins read
Saudi Aramco profits soar 82% following oil price surge days after overtaking Apple as most valuable company
World's most valuable company says it is committed to ensuring affordable prices despite "increased…
Jyoti Mann
1 min read
Oil giant Saudi Aramco is now the world's most valuable company, bumping Apple from the top spot
Apple's market cap fell to $2.37 trillion after its share price tanked 5.2% on Wednesday. Saudi Ara…
Huileng Tan
2 mins read
Saudi Aramco, the world's largest oil exporter, has cut prices from record highs for Asia - but not for the US
China's COVID-19 lockdowns and restrictions are offsetting gains in oil prices caused by fears of R…
Huileng Tan
3 mins read
Saudi Arabia's oil giant boss speaks up for China, saying its massive production of solar panels and EVs helps affordability
The comments come as the West has stepped up criticism of China's dumping of cheap green products o…
Huileng Tan
2 mins read
Saudi Arabia's futuristic megaprojects are so expensive that even its oil riches may not be enough
Saudi Arabia is starting to sell debt again and offload more Aramco shares to help fund projects su…
Tom Porter,Hasan Chowdhury
2 mins read
Reliance's $15 billion deal with Saudi Aramco has been called off
Consequently, the current application with the NCLT (National Company Law Tribunal) for segregat…
3 mins read
Even Saudi Aramco has a lot to gain from an investment from Gautam Adani
Now, the word has it that the Adani Group has jumped into the bandwagon and is now looking to buy a…
1 min read
Saudi Aramco says the world is totally misreading the oil market and too focused on 'short-term economics'
The world's biggest crude producer said the oil market is focused "on short-term economics rather t…