Saudi economy


Aramco May Be Worth $1.5 Trillion Or Less, Some IPO Banks Say

Middle East Business News - Published date: .

Goldman Sachs, perhaps the most influential bank on Wall Street, told investors it thought Aramco was worth between $1.6... Read more

Saudi Crown Prince Seen Green Lighting Aramco IPO On Sunday

Middle East Business News - Published date: .

Source says Mohammed bin Salman is set to give the long-awaited Aramco IPO the go-ahead Read more

Saudi Arabia Said To Mull Increase In Lending For Aramco IPO

Middle East Business News - Published date: .

Sources say Saudi Arabian Monetary Authority met banks this week to discuss how much they can lend to domestic stock buy... Read more

Future Investment Initiative: Why It's Okay To Return To Saudi Arabia

Middle East Business News - Published date: .

How Wall Street titans have smiled and schmoozed at a Saudi investment conference widely shunned last year Read more

In Pictures: Future Investment Initiative Forum Kicks Off In Riyadh

Middle East Business News - Published date: .

Number of panel discussions involving 300 speakers from over 30 countries, including American officials and heads of glo... Read more

Saudi Arabia Signs $15bn Deals On Opening Day Of Investment Conference

Middle East Business News - Published date: .

Over 24 deals agreed including $1bn agreement between Saudi Aramco and Spanish outfit Tubacex Read more

JPMorgan Says Saudi Business Is Fastest Growing Globally

Middle East Business News - Published date: .

Senior exec says Saudi Arabia will become one of the main hubs in the world for JPMorgan Chase & Co Read more

Global Leaders, Tycoons To Attend Saudi Arabia's 'Davos In Desert'

Middle East Business News - Published date: .

India's Prime Minister Narendra Modi and Brazil's President Jair Bolsonaro are set to speak at the summit along with Kin... Read more

So Who Will Attend Saudi Arabia's Investment Summit This Year?

Middle East Business News - Published date: .

Elites of global finance are descending on Riyadh from October 29, days after Saudi Aramco delayed its initial public of... Read more

Saudi Arabia Raises $2.5bn In First Sukuk Sale Since Oil Attacks

Middle East Business News - Published date: .

Sale reflects how demand for Saudi Arabia's Islamic bonds has remained buoyant after missile and drone attack on its oil... Read more

Saudi Arabia Said To Plan $2.5bn Sukuk Issuance

Middle East Business News - Published date: .

Source says world's biggest oil exporter is seeking to take advantage of borrowing costs that are around the lowest in f... Read more

Selling Aramco: The Wall Street A-listers On The Oil Giant's IPO

Middle East Business News - Published date: .

The Saudi government is set to give the official green light for the IPO at a meeting on Thursday, aiming to raise about... Read more

Saudi Aramco Said To Pay Up To $450m To IPO Advisors

Middle East Business News - Published date: .

Sources say Saudi energy giant will pay between $350-450m to group of more than 20 banks advising on IPO Read more

Why The World's Biggest IPO Will Test Saudis' Faith In Crown Prince

Middle East Business News - Published date: .

Frenzy of excitement across the kingdom and social media over the IPO is only eclipsed by its importance Read more

Singapore's Temasek To Rule Out Investment In Aramco IPO

Middle East Business News - Published date: .

Temasek's focus on sustainability and environmental, social and governance principles made it more difficult to support ... Read more

Saudi's Qiddiya In Talks With Investors To Fund Entertainment, Sports City

Middle East Business News - Published date: .

CEO Michael Reininger says Qiddiya is looking at joint ventures, land leasing and privatisation to fund the project Read more

Zain KSA Agrees $600m Murabaha Facility

Middle East Business News - Published date: .

Deal to refinance existing $600 million facility with Commercial and Industrial Bank China Read more

UAE's Largest Bank Launches Saudi Ops With Riyadh Branch

Middle East Business News - Published date: .

First Abu Dhabi Bank has officially inaugurated its Saudi Arabia operations by opening its first branch in Riyadh Read more

Saudi Wealth Fund Looks To China Amid Global Ambitions

Middle East Business News - Published date: .

Public Investment Fund managing director says keen to accelerate Asia growth, sees 'a lot of potential' Read more

Saudi Construction Giant Dar Al Arkan To Redeem $400m Sukuk

Middle East Business News - Published date: .

Dar Al Arkan Real Estate Development Company says to pay sukuk out of its internal cash reserves Read more