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.
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.
The United Arab Emirates has strongly condemned the drone attacks on two pump stations on Saudi Aramco’s East-West pipeline.
The Federal Tax Authority (FTA), will begin implementing the Cabinet Decision regarding violations of the "Marking Tobacco and Tobacco Products Scheme", which calls for applying Digital Tax Stamps on the packaging of said products before supplying them to local markets.
Further monetary policy easing is expected as the economy struggles with a demand downturn, liquidity constraint and a high finance cost, sources said on Friday. It is learnt that Reserve Bank of India would stick with its stance and further lower the repo rate, which will in turn reinvigorate consumer
Pakistan and the United States vowed to restructure bilateral ties and focus more on promoting private sector and investment relationship. The development came into being in a meeting of US Ambassador Charge d’Affaires, Paul W Jones with Adviser to the Prime Minister on Finance,
As part of the Abu Dhabi Securities Exchange’s (ADX) strategy aimed at bolstering its leading position in the region and extending its cooperation with global financial markets, Khalifa Salem Al Mansouri, Acting Chief Executive of ADX, met senior officials at the London Stock Exchange