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Posted On NewsSaudi deficit to rise after $40bn loss in Aramco oil dividends
A projected 30 percent drop in Saudi Aramco’s oil dividends in 2025 is likely to force the government and state-owned Saudi Public Investment Fund to…
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Posted On NewsSaudi Tadawul profit surges 60% on higher trading value
Saudi Tadawul Group, the owner and operator of the kingdom’s stock exchange, reported a 59 percent jump in 2024 profit,…
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Posted On NewsAramco dividend vital to big-spending Saudi Arabia
Saudi Aramco’s 2024 full-year results due next week are likely to again underline the importance of the world’s largest listed oil…
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Posted On NewsSaudi Arabia turns to recycling to enhance mineral recovery
As part of its push to make mineral mining a pillar of its otherwise hydrocarbon-dominated economy, Saudi Arabia is investigating…
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Posted On NewsSaudi city rental yields top the Gulf as demand surges
One-bedroom apartments in Saudi Arabia’s West Riyadh and North Jeddah now command the highest rental yields across the Gulf as…
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Posted On NewsPIF weighs investment in Boeing’s Italian parts maker
Saudi Arabia’s Public Investment Fund (PIF) is holding talks about investing in the aerostructures unit of Italian defence company Leonardo, a news…
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Posted On NewsAramco-owned Sabic turns $400m profit in 2024
Saudi Basic Industries Corporation (Sabic), which is 70 percent owned by state oil company Saudi Aramco, turned a profit last year…
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Posted On NewsGloomy outlook for Saudi petrochemicals sector
Saudi Arabia’s 10 listed petrochemical companies are likely to report lacklustre earnings for the fourth quarter of 2024 because of…
