Saudi Energy Minister Khalid al-Falih speaks during the Gulf Intelligence Saudi Arabia Energy Forum in Riyadh. File
Saudi Arabia raised the local price for Octane 95 to 2.10 riyals from 2.02 riyals last quarter and Octane 91 to 1.44 riyals from 1.37 riyals per litre, state oil firm Saudi Aramco said on Saturday. The change goes into effect on Sunday (April 14), the company said in a statement,
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 United Arab Emirates has strongly condemned the drone attacks on two pump stations on Saudi Aramco’s East-West pipeline.
The Asian Development Bank (ADB) would provide a loan of $3.4 billion to Pakistan for budgetary support, a Minister has confirmed. The announcement was made by federal Minister for Planning,
Dubai was in the spotlight at the 11th World Chambers Congress (WCC) in Rio de Janeiro, the world’s largest gathering of chambers of commerce, as the Brazilian city officially handed over the baton to the emirate as the host city of the next WCC in 2021.
Al Ramz Capital, a subsidiary of Al-Ramz Corporation Investment and Development has been appointed as a Liquidity Provider for Ras Al Khaimah Cement Company (RAKCC) shares after obtaining the approval of Abu Dhabi Securities Exchange.