Saudi non-oil business activity stumbles in May amid order slowdown
The non-oil economy was valued at 1.7 trillion Saudi Riyals at constant prices, driven by steady growth in exports, investment and consumer spending...
Tag : Saudi oil
Saudi Aramco makes huge profit amid Ukraine-Russia war
The amount from the Saudi oil firm Aramco is the biggest quarterly adjusted profit of any listed company....
Saudi Arabia’s economy contracts by 3.3% in Q1
The overall GDP was further affected by a 12% decline in ongoing crude oil production cuts...
Saudi Arabia’s oil exports decline 62% in the second quarter
Oil exports amounted to $19.9 billion in Q2...
What the pandemic means for Saudi banks
by WebAdmin
SAMA has injected $13.3 billion capital into the banking industry in the wake of economic challenges...
Saudi’s oil revenue anticipated to drop $38.5 billion
The rate of oil production might improve during the period between July and December 2020...
Saudi urges Opec+ to cut 1.5 mn bpd as coronavirus affects oil demand
the Kingdom has pushed for a larger cut compared to Goldman Sach’s recommendation of 600,000 to I mn bpd...
Saudi Arabia creates ‘renewable energy strategy’ to free up oil exports
A good energy mix is crucial to the Kingdom’s long-term economic prosperity...
Saudi sovereign wealth fund buys 40% stake in Aramco-Jacobs’ venture
PIF will hold a 30% stake in Jasara from Aramco and 10% from Jacobs Engineering after the transaction is completed...
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....