Saudi Arabia
Oil big Saudi Aramco begins significant share sale to raise about $12 billion
Emblem of Aramco, officially the Saudi Arabian Oil Group, Saudi petroleum and purely natural fuel enterprise, witnessed on the 2nd working day of the 24th Earth Petroleum Congress at the Huge 4 Setting up at Stampede Park, on September 18, 2023, in Calgary, Canada. Artur Widak | Nurphoto | Getty Photographs Saudi point out oil […]
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Saudi Aramco offers nearly $11.5 billion in new stock for sale
The logo of Aramco is seen as security personnel walk before the start of a press conference by Aramco at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. Hamad I Mohammed | Reuters Saudi Arabia’s state-controlled Aramco said it would sell some $11.5 billion worth of additional stock in an offering that […]
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‘Biggest barrier’ to Saudi-Israeli normalization is the two-state solution, says ex-CIA director
Gen. David Petraeus, Former CIA Director, Fmr. Central Commander and American commander in Iraq. Adam Jeffery | CNBC A two-state solution to the Israel-Palestinian conflict is “elusive” right now, according to former CIA director David Petraeus, adding that it is also the “single biggest barrier” to normalizing relations between Israel and Saudi Arabia. “A solid […]
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BlackRock is opening a Saudi expenditure firm with initial $5 billion from PIF
The BlackRock logo is displayed at the firm’s headquarters in New York City on Nov. 14, 2022. Leonardo Munoz | Getty Photos Asset manager BlackRock will launch an financial investment platform in Riyadh with the assistance of a $5 billion anchor investment from Saudi Arabia’s General public Financial investment Fund (PIF), the kingdom’s sovereign prosperity […]
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Saudi Arabia states all NEOM megaprojects will go ahead as planned inspite of experiences of scaling again
Saudi Arabia’s financial system minister rejected latest reviews that the kingdom’s $1.5 trillion NEOM megaproject, a futuristic desert improvement on the Pink Sea coastline, is scaling again some of its designs. “All projects are shifting full steam forward,” Faisal Al Ibrahim advised CNBC’s Dan Murphy on Monday at the Earth Financial Forum’s specific conference in […]
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Hefty rains result in scarce flooding in Dubai
Autos barely transfer on flooded streets owing to weighty rain in Dubai, United Arab Emirates on April 16, 2024. Flooding ensued as a consequence of the downpour, leading to many autos getting submerged on the streets and avenues. Anadolu | Anadolu | Getty Images Major rains battered components of the Middle East on Tuesday, closing […]
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‘Iran is in for the long haul’ with oil tanker hijacks, qualified suggests, as U.S. considers more sanctions
Iranian troopers just take aspect in an annual armed service drill in the coastline of the Gulf of Oman and around the strategic Strait of Hormuz. Anadolu | Anadolu | Getty Images The containership MSC Aries seized by Iran around the weekend marked at the very least the sixth vessel hijacked by Iran and its […]
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Saudi Arabia is setting up the environment's 1st Dragon Ball Z theme park
Readers check out out the latest variation of Dragon Ball Z Kakarot at the 2019 Gamescom gaming trade fair in Cologne, Germany. Lukas Schulze | Getty Photographs Information | Getty Pictures Saudi Arabia is set to grow to be residence to the 1st-at any time Dragon Ball Z topic park — a 5.3 million sq. […]
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Saudi Arabia reportedly in talks with VC corporations like Andreessen Horowitz to create mammoth $40 billion AI fund
PIF Taking care of Director Yasir bin Othman Al-Rumayyan attends the Russian-Saudi Financial commitment Discussion board held at the Ritz-Carlton Moscow Hotel. Sergei Bobylev | TASS via Getty Photos DUBAI, United Arab Emirates — Saudi Arabia’s sovereign prosperity fund is in talks with American venture money firm Andreessen Horowitz and likely others to build a […]
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Saudi Arabia's significant wealth fund is in talks to purchase national airline Saudia: Report
Boeing 787 Dreamliner Saudi Arabian. Plane to Fiumicino Leonardo da Vinci Airport. Fiumicino (Italia), Nov. 11, 2021 Massimo Insabato/Archivio Massimo Insabato/Mondadori Portfolio by using Getty Visuals Saudi Arabia’s behemoth sovereign prosperity fund is in talks to acquire the kingdom’s countrywide airline Saudia, Bloomberg documented more than the weekend, citing people common with the issue. The […]
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