News
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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 demand for housing in the…
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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 report said. The talks are…
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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 after losing money in 2023.…
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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 an ongoing downturn in the…
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Posted On NewsJPMorgan expects no special Aramco dividend in 2025
Saudi Aramco is forecast to have no performance-linked dividend this year after a more balanced 2024 cash cycle followed earlier bumper results that backed the special…
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Posted On NewsGulf still struggling to attract private cash for public projects
Lower oil prices are driving Gulf countries, particularly Saudi Arabia and the UAE, to involve private companies in financing critical infrastructure projects worth tens of…
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Posted On NewsSaudi firms look to improve ESG to attract investment
Improvements in Saudi Arabian companies’ environmental, social and governance (ESG) performance are likely to attract more investment to the kingdom from international institutional investors, experts…
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Posted On NewsSaudi Aramco re-enters Philippines after 17 years
Saudi Aramco, which trades on the Saudi Exchange (Tadawul), will acquire a 25 percent stake in the third-largest petroleum company in the Philippines, as part…
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Posted On NewsCEO of $320bn Saudi pension fund to step down
The CEO of Hassana Investment Company, which manages Saudi Arabia’s $320 billion social security and pension fund, will step down later this year. Saad Al…
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Posted On NewsAmbitious plans accelerate Gulf construction costs
Construction costs in Saudi Arabia and the UAE are in danger of accelerating over the next few years as both countries pour billions into infrastructure,…
Liyana Parker
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