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We just got the latest sign Saudi Arabia is worried about the future (USO, OIL)
The Economist is reporting in its upcoming January 9 print edition that Saudi Aramco, the Saudi state-owned oil company believed to be the world's most valuable company, might issue shares for the...
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Oil prices are forcing Saudi Arabia to make a fundamental change to its economy
The collapse in oil prices is forcing Saudi Arabia to undertake some deep and fundamental changes to its economy, reforms that no amount of browbeating from organizations like the IMF could induce.A...
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Saudi Aramco's $125 billion megadeal could be coming to New York
The Saudi state-owned oil mammoth, Saudi Aramco, is considering listing as much as 5% of its value on the public market.That's according to The Wall Street Journal's Benoit Faucon, who cited Ibrahim...
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The largest IPO of all-time still won't fix Saudi Arabia's problems
The Saudi Arabian sale of Saudi Aramco is already starting to attract widespread attention after Mohammad bin Salman, deputy crown prince of the Kingdom, indicated that an IPO for the state owned giant...
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HSBC: Saudi Arabia's massive government reshuffle isn't going to change anything
The huge reshuffle at the top of Saudi Arabian politics isn't going to have any marked impact on the way that things are done in the country, according to a note sent by HSBC to clients on Monday.Over...
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South Korea's biggest petrochemical company was duped into paying $21 million...
After making a $21-million wire payment to a fraudulent company account claiming to be that of Saudi Aramco, South Korea’s largest petrochemical company, LG Chem, is now seeking a full investigation...
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Oil spikes on report Yemeni missiles hit Saudi Arabia's oil facilities
(Reuters) - Oil prices rose about 2 percent on Friday after reports of Yemeni missiles hitting Saudi Arabia's oil facilities.Yemeni forces have fired ballistic missiles at the facilities belonging to...
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Here's what could stop Saudi Aramco's IPO from happening
Apart from trying (and managing) to talk up oil markets in recent months, Saudi Arabia has been stoking investment banks as well with the plan to sell 5 percent of its most valuable asset and possibly...
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Next year's Aramco IPO won't change who controls the oil giant
Saudi Arabia will continue to have full control over the oil wells and production of Aramco, after the much-anticipated initial public offering of around 5 percent of the Saudi oil giant next year,...
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Saudi Aramco is reportedly leaning towards listing its IPO in New York
(Reuters) - Saudi Arabia favours New York for the main foreign listing of state oil giant Aramco, even though some financial and legal advisers have recommended London as a less problematic and risky...
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Saudi Aramco is looking like it will pick New York over London for the...
DUBAI/RIYADH/LONDON (Reuters) - Saudi Arabia favors New York for the main foreign listing of state oil giant Aramco, even though some financial and legal advisers have recommended London as a less...
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Why the massive Saudi Aramco IPO was delayed
The long-awaited Saudi Aramco IPO, scheduled for mid-2018, could be delayed to 2019.International news reports have stated that the Saudi government is currently putting together contingency plans for...
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Saudi Arabia's corruption crackdown is toppling oil kingpins
Saudi Crown Prince Mohammad bin Salman’s crackdown on high-profile royals took the country by storm.Mohammad bin Salman said that "no-one is above the law, whether it is a prince or a minister."Saudi...
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How today's tech giants compare to the massive companies of empires past
Saudi Aramco, the world's largest company, was worth $4.1 trillion in 2010.Dutch East India Company, established in the early 17th century, would be worth $7.9 trillion in today's dollars. Before...
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Google's parent company Alphabet is exploring a relationship with Saudi...
Google's parent company, Alphabet, is reportedly in talks with Saudi Arabia's state-owned oil company Aramco about building a "tech hub" in the Middle East.According to The Wall Street Journal,...
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The Saudi Crown Prince's visit to the US will focus on changing his image...
Saudi Arabia's Crown Prince Mohammed Bin Salman touched down in Washington on Monday, his first visit to the US as heir to the throne.Experts say the prince's visit will improve the country's image in...
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$80 a barrel could actually hurt Saudi Arabia
Saudi Arabia is reportedly aiming to price its oil at $80 a barrel. That's likely in attempt to finance domestic policy plans and boost the valuation of its oil giant Aramco.But it may hurt them by...
View ArticleWhy the Saudi crown prince met with Trump, Oprah, Bill Gates, and Jeff Bezos
Saudi Crown Prince Mohammed bin Salman recently visited the US where he met with many top politicians and businesspeople. President Trump, Bill Gates, Oprah Winfrey, and others received a visit from...
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Saudi Arabia might not be able to afford its multibillion dollar mega-projects
Saudi Arabia has invested in a flurry of multi-billion dollar projects.Most people think it is an extremely rich nation that can afford these projects, even without its oil giant Aramco. But that may...
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Saudi Aramco's $125 billion megadeal could be coming to New York
The Saudi state-owned oil mammoth, Saudi Aramco, is considering listing as much as 5% of its value on the public market.That's according to The Wall Street Journal's Benoit Faucon, who cited Ibrahim...
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