Mena fund managers increase investments in UAE, Egypt
Funds to reduce allocation to Saudi Arabia while keeping the earlier exposure to other Mena countries...
Tag : Saudi Arabia
Moody’s: Islamic Bond issuance to hit $130 bn in 2019
Total issuance in H1 2019 increases by 37% to $87 bn when compared to the same period last year...
Saudi Aramco buys 20% in Reliance’s OTC business for $15 bn
The deal is India's largest foreign direct investment till date...
Saudi Aramco valuation gap might complicate its IPO
While Saudi Crown Prince Mohammed Bin Salman is insisting on a US$2 tn valuation, bankers value the company at $1.5 tn...
Saudi Arabia’s budget deficit in second quarter widens to $8.9 bn
Saudi Arabia's spending was up by 5% but oil revenue dropped 4% year-on-year...
Saudi Arabian logistics startup Esnad covers 80% market in 6 months
It is the 11th KSA cargo company to be granted an express courier license to operate customs clearance and last-mile delivery...
McDermott wins two contracts worth $4.5 bn for Aramco’s mega project
The Marjan Increment Development Project is anticipated to increase production from 500,000 to 800,000 barrels per day...
Dubai’s OSC, Aramco to invest $450 mn in Saudi’s SPARK
The project is expected to contribute more than $6 billion to the Saudi Arabia’s GDP...
As Saudi Aramco prepares to restart IPO, investment banks line up
"We have always been clear that the IPO will happen in the 2020-2021 timeframe," Saudi Energy Minister Khalid Al Falih said....
Number of billionaires in UAE and Saudi Arabia declines in 2018
Wealth X’s report finds that there are 55 dollar billionaires in the UAE worth $165 billion...