Oil tanks seen at the Saudi Aramco facility in Dammam. Reuters
Saudi Aramco is set to raise $12 billion with its first international bond issue after receiving more than $100 billion in orders, a record breaking vote of market confidence for the oil giant. State-owned Aramco›s bond issue, split into maturities ranging from three to 30 years, is seen as a gauge of potential investor interest in the Saudi company›s eventual initial public offering.
'The attack was launched from the north and was unquestionably sponsored by Iran,' Al-Malki told journalists
Saudi's oil production from its Khurais plant is now at more than 1.3 million barrels per day, while current production from its Abqaiq plant is at about 3 million bpd, the source said.
Institutional investors have put in 144.1 billion riyals ($38.4 billion) worth of bids for Saudi Aramco’s planned initial public offering (IPO), equivalent to more than twice the number of shares on sale, financial advisers for the IPO said on Monday.
The real estate market in Dubai is experiencing robust activity nowadays, especially on quality projects that meet UAE buyers and investors’ aspirations and huge demands. This was revealed by Islam Ahmed Suleiman, CEO, Reportage Properties to the media on Wednesday. He mentioned that his company has announced
Al Bandar Rotana, a five-star hotel with a prime waterfront outlook, recorded robust occupancy growth during summer holidays and first half of the year. “We are very proud of our hotel performance for the first half of the year, and we are positive that we can keep the momentum till the end of the year. The impressive
During a recent field visit to South Africa, NAMA Women Advancement (NAMA) reviewed both the achievements and challenges of its “Stimulating Equal Opportunities for Women Entrepreneurs” flagship programme, launched in the country in partnership with UN Women in 2018 to remove structural barriers to
China’s factory-gate inflation eased in July to a 17-month low, defying global cost pressures as slower domestic construction weighed on raw material demand, although consumer price increases hit a two-year high as pork supplies tightened. The producer price index (PPI) rose 4.2% year-on-year, the National Bureau of