Jeddah
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Posted On NewsSaudi Arabia to burn more summer crude as fuel oil prices rise
Saudi Arabia is expected to burn more crude oil for power generation this summer than last as it ramps up output after Opec+ eases supply…
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Posted On NewsGlobal slowdown offers way out for Gulf petrochemicals
Para eksekutif puncak di produsen petrokimia Arab Saudi mungkin tidak memiliki banyak kesamaan dengan penganut paham Marxisme Rusia, Georgi Plekhanov. Namun, mantra revolusioner itu, “semakin…
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Posted On NewsTrump’s Gulf visit was grand – but the real test starts now
Donald Trump’s trip to the Gulf has been notable for its economic fireworks and political theatre. However, its long term impact will only emerge once…
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Posted On NewsSaudi Arabia trims bets on US tech stocks
Saudi Arabia’s Public Investment Fund (PIF) rejigged its US equities portfolio during a tumultuous first quarter for Stateside stocks, expanding its direct investment in Amazon…
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Posted On NewsRiyadh moves to rewire its global role with AI
As President Donald Trump departs Saudi Arabia and the Gulf with a slate of artificial intelligence and technology investment deals, it’s clear that the kingdom…
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Posted On NewsQatar takes centre stage on Trump’s Middle East mission
Major deal announcements kept rolling in on Wednesday as Donald Trump travelled from Riyadh to Doha on the second day of his visit to the Gulf. Qatar…
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Posted On NewsArms, investment and AI top list of deals on busy day for Trump
Tens of billions of dollars in new partnerships between the US and Saudi Arabia were announced on Tuesday in Riyadh during the first day of…
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Posted On NewsPrince Alwaleed’s Flynas seeks $1.1bn in Saudi IPO
Saudi budget airline Flynas is looking to raise as much as SAR4.1 billion ($1.1 billion) in an initial public offering (IPO) that started this week to finance…
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Posted On NewsProfits jump for PIF’s Elm digital services company
Elm Company, a digital services company controlled by Saudi Arabia’s Public Investment Fund, said first-quarter profit surged more than 40 percent on higher sales. Net profit…
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Posted On NewsAramco to post lower profit and may slash dividend
National oil company Saudi Aramco is forecast to post lower first-quarter profit and may cut its 2025 dividend further as oil prices dip below its self-funding breakeven…
Liyana Parker
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