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
Riyadh is committed to “stabilise” the oil market after a US decision to end sanction exemptions for Iran’s customers, Saudi Arabia›s Energy Minister Khalid Al Falih said on Monday. The kingdom reaffirms its longstanding policy, which seeks to stabilise the markets at all times,” he said in a statement carried by the official Saudi Press Agency.
Non-oil trade exchange between the United Arab Emirates and the Kingdom of Saudi Arabia has reached Dhs417.6 billion over the past five years, Sultan Bin Saeed Al Mansouri, Minister of Economy, has stated.
The UAE Central Bank has announced that gross bank assets, including bankers’ acceptances, rose by 0.3 per cent, increasing from Dhs2,975.8 billion at the end of July 2019, to Dhs2,983.4 billion at the end of August 2019.
Under the patronage of Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, the UAE Maritime Week 2019, the pioneering regional maritime event,