saudi aramco
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World
Pakistan plans to develop oil city in Gwadar
Islamabad: The Pakistan government is planning to develop a massive oil city in Gwadar district in Balochistan province with an aim to host Saudi Arabia’s $10 billion Aramco oil refinery and…
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Middle East
Yemen’s Houthi militia attack Saudi Aramco facility
Sanaa: Yemen’s Houthi militia on Monday announced that launched a long-range missile towards a large Saudi Aramco oil facility in the city of Jeddah. “The attack targeted oil company Saudi…
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Business
Ant Group could raise nearly USD 35B in record share offering
Hong Kong: China’s Ant Group will try to raise nearly USD 35 billion in its initial public offering in Shanghai and Hong Kong, which would make it the largest share…
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Middle East
Saudi Aramco to buy $15 bn stake in Reliance Industries
Riyadh: Saudi Aramco has revealed that it is still working on a deal to buy a $15 billion stake in Reliance Industries Ltd.’s refining and chemicals business. However, lower oil…
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Top Stories
Apple surpasses Saudi Aramco as world’s most valuable company
San Francisco:Riding on strong quarter results despite the pandemic, Apple has surpassed Saudi Aramco to become the worlds most valuable company with a market cap of $1.84 trillion. The strong…
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India
RIL-Aramco deal on track, Ambani says committed to partnership
Delhi: The blockbuster deal involving the world’s largest oil producer — Aramco picking up a minority stake in refinery business of India’s largest corporate house — Reliance Industries (RIL), is on…
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News
EU to clear $69 billion Aramco-SABIC unconditional deal
JEDDAH: Saudi Arabia’s oil giant Aramco is set to gain unconditional European Union antitrust approval for its $69.1 billion proposed deal with petrochemicals behemoth Saudi Basic Industries Corp (SABIC), Reuters News Agency…
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News
Aramco hits crown prince’s $2 trillion goal as shares soar
RIYADH: Saudi Aramco soared on Thursday above the $2 trillion valuation target sought by the kingdom’s de facto ruler as the energy giant’s share price surged on its second day…
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News
Saudi Aramco shares rocket on debut after record IPO
RIYADH: Saudi Aramco‘s shares soared on their debut on the domestic stock exchange Wednesday, becoming the world’s biggest listed company worth $1.88 trillion after a record-breaking IPO. Aramco had priced…
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Business
Saudi oil giant Aramco announces world’s largest IPO
Riyadh: Saudi Arabian state oil giant Saudi Aramco on Thursday priced its initial public offering (IPO) at the high end of the targeted range, a level that will allow the…
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World
Saudi Aramco to sell 1.5 pc of shares on local stock exchange
Moscow: Saudi Arabia’s state oil company Saudi Aramco announced on Sunday that it planned to sell 1.5 percent of its company shares on the local Saudi stock exchange, the Tadawul,…
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Middle East
Saudi Aramco IPO lists RIL investment, expansion in India
NEW DELHI: Saudi Aramco launched has its prospectus for the world’s biggest IPO with a potential largest ever company valuation of estimates ranging wildly from $1.2-2.3 trillion, with an India…
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Middle East
Saudi Aramco releases preliminary IPO prospectus
Riyadh: Saudi Arabia has moved a step closer towards listing its national oil giant Aramco on its domestic exchange by releasing the preliminary prospectus for what is slated to be the…
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Featured News
Saudi Aramco: From ‘Prosperity Well’ to energy behemoth
RIYADH: From its beginnings in 1938 when it first struck oil with the aptly named “Prosperity Well”, Saudi Arabia’s energy giant Aramco has delivered unimaginable riches to the desert kingdom.…
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Middle East
Aramco: Five things to know about Kingdom and its mammoth IPO
RIYADH: The kingdom of Saudi Arabia is undergoing a major transformation under Crown Prince Mohammed bin Salman, who intends to end the kingdom’s addiction to oil revenues. As the country…
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Middle East
Yemeni drones spark fires at two Saudi Aramco oil facilities
RIYADH: Drone attacks sparked fires at two Saudi Aramco oil facilities on Saturday, the interior ministry said, the latest such assault claimed by Yemeni rebels as the energy giant prepares…
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Business
L&T Hydrocarbon Engineering bags project from Saudi Aramco
Mumbai: L&T Hydrocarbon Engineering (LTHE) said on Thursday that its consortium with EMAS AMC Pte Ltd (a Subsea7 company) has been awarded a project by Saudi Aramco. The engineering, procurement,…
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Business
Saudi Aramco to invest $75 billion in Reliance, BP: Ambani
Mumbai: Chairman and Managing Director of Reliance Industries Ltd Mukesh Ambani on Monday said Saudi Aramco will invest 75 billion dollars in the conglomerate and have 20 per cent stake…
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Middle East
Saudi Arabia committed to Aramco IPO: crown prince
RIYADH: Saudi Arabia remains committed to selling shares in national oil conglomerate Aramco through an initial public offering but only at the right time, Crown Prince Mohammed bin Salman has…
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Business
Saudi Aramco bond sale to close Wednesday: minister
RIYADH: A bond sale by energy giant Saudi Aramco to raise $10 billion towards its purchase of a controlling stake in chemicals behemoth SABIC closes Wednesday, Riyadh’s energy minister said.…
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Business
Saudi Aramco ‘made $224 billion profit’ last year
DUBAI: Saudi Aramco, the world’s largest oil company, posted $224 billion in earnings before tax last year, Fitch Ratings said Monday, as the secretive giant opens its accounts for the…
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India
Saudi Aramco, RIL in talks for India projects
New Delhi: Saudi Aramco, national petroleum and natural gas company of Saudi Arabia, said on Wednesday it was looking to expand footprint in India and was discussing partnerships with Indian…
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