Saudi Aramco

Who is the Saudi crown prince who has been arresting cousins and consolidating power?

Never has any leader in Saudi Arabia had so much power since Ibn Saud founded the country in 1932.<p>Crown Prince Mohammed bin Salman, 32, has grabbed, …

Middle East

Saudi Arabia’s crown prince could turn to Credit Suisse next

For those who had not been paying attention to the rise of Saudi Arabia’s Crown Prince Mohammed bin Salman, his recent dramatic detention of fellow …

Credit Suisse

UPDATE 1-Saudi agency says country targeted in cyber spying campaign

(Adds Palo Alto Networks comment)<p>LONDON/RIYADH, Nov 20 (Reuters) - Saudi Arabian security officials said on Monday that the country had been targeted …

Security

Exclusive: UAE's ADNOC to venture into privatization, oil trading - CEO

ABU DHABI (Reuters) - Abu Dhabi National Oil Company (ADNOC) [ADNOC.UL] has embarked on a major shake-up plan to privatize its services businesses, …

The Saudi corruption crackdown should whet investors’ appetites

Crude oil prices recorded their fifth consecutive week of gains last week.<p>Alongside rising global bond yields and CDS spreads (widely regarded as a …

Saudi Arabia

Abu Dhabi's Adnoc to Sell Up to 20% of Fuel-Station Unit in IPO

Abu Dhabi National Oil Co. plans to sell as much as a fifth of its distribution unit via an initial public offering on the local stock exchange.<p>The …

Oil

Saudi Aramco shuts Jeddah refinery indefinitely - sources

KHOBAR, Saudi Arabia (Reuters) - State oil giant Saudi Aramco has shut down its 90,000 barrel per day crude oil refinery in Jeddah indefinitely, industry sources familiar with the matter said on Sunday.<p>FILE PHOTO - Logo of Saudi Aramco is seen at the 20th Middle East Oil & Gas Show and Conference …

Oil

Investor relations a critical skill in KSA’s great transformation

Tadawul, the Riyadh stock exchange, is holding a workshop later this week on the issue of crisis management and its impact on shareholder value.<br>The …

Saudi Arabia

Russia and Opec on collision course over oil supply pact

Diplomatic tensions between Russia and Opec are set to deepen this week as oil cartel members resume talks in Vienna.<p>The factions are likely to agree on an extension of the supply cap pact ­beyond its March 2018 expiry. However, calls for the freeze to last until the end of next year have already …

Oil

Saudi investors check out after hotel turned into luxury prison

Simeon Kerr in Dubai<p>As they mingled with Saudi Arabia’s business and political elite at the Ritz-Carlton in Riyadh last month, the world’s top …

Prince Alwaleed bin Talal

The CEO of an email marketing company that sends 1 billion emails every day opens up about what it takes to go public (SEND)

SendGrid<p><b>Email marketing company SendGrid went public Wednesday, raising $131 million.</b>• <b><br>Shares priced at $16 and rose above $18 by Wednesday</b> …

Startups

Saudi Aramco could co-list in London and New York

• <b>State oil giant Saudi Aramco could co-list in London and New York when it floats next year, according to an investment advisor.</b>• <b><br>The company plans to float in mid 2018, but the listing venue is currently uncertain.</b>• <b><br>London, New York and Hong Kong have been vying to woo the company.</b><p>LONDON — State oil …

Business

Crafting oil's comeback

The days of 'drill, baby, drill' are gone. Now crude-pumping companies are bringing efficiency and savings to the forefront as they try to compete in a world where prices are on the rise, but stability is threatened by a shifting political landscape<p>In the glory days of $100 (U.S.) oil, Crescent …

Saudi Arabia

Saudi crackdown will not hit investments - energy minister Falih

BONN, Germany (Reuters) - Saudi Arabia’s corruption investigations are linked to a just few individuals and will not hinder investments in the kingdom, its energy minister said on Thursday.<p>Saudi Oil Minister, Khalid al-Falih, arrives to the Future Investment Initiative conference in Riyadh, Saudi …

Saudi Arabia

How much longer will Fox stay intact?

Hunting season has begun. Less than two weeks after it emerged that <b>Disney</b>'s Bob Iger had held on and off talks about buying a huge chunk of <b>Rupert</b> …

Rupert Murdoch

Stocks in Asia to Climb in End to Tumultuous Week: Markets Wrap

Stocks look set to build on a rally that began in Asia on Thursday after U.S. equities climbed amid rising odds of corporate tax cuts.<p>Futures on …

Markets

Saudi Aramco Gets Some Bad News From Norway - Bloomberg Gadfly

Big news from Saudi Arabia is something one tends to fear these days. Big news from Norway is something one tends not to expect at all.<p>Thursday's …

Oil

America's 'energy independence' should make Saudi Arabia very nervous

• <b>The US led the world's oil production for the first half of the 20th century.</b> <b>Since 1970, though, US oil output has declined.</b>• <b><br>Talks of "energy independence" should make Gulf nations very nervous.</b><p>One of the more important recent developments in global energy is the resurgence of U.S. energy …

Oil

Saudi Aramco's IPO Just Lost World's Largest Equity Investor

Selling the world’s largest initial public offering wasn’t going to be easy. For Saudi Arabia, the mission just got a lot more complicated: the …

Business

Game of Thrones in the Middle East

We have recently been watching Saudi Arabia with the same level of interest we had during the 1973 oil shock and the aftermath of the 9/11 attacks in …

Middle East

Deregulation and Proxy Recounts

Also Saudi investing, ICOs, complacency and wave pools<p><b>Regulation.</b><p>There have been a lot of stories recently about how the U.S. government has kind of given up on financial regulation. This week the Senate moved to limit strict Fed oversight (and stress tests) to just the dozen biggest banks. Here is …

Eric Trump

Fortune's Businessperson of the Year — CEO Daily, Thursday, 16th November

Top News<p>• <b>Peltz Gets the Last Laugh Over P&G</b><p>Nothing makes Nelson Peltz’s case for a board seat at P&G quite like the fact that the company declared …

Tech Industry

Saudi Aramco says state corruption purge should hearten investors

and in Dhahran<p>Saudi Arabia’s sweeping anti-corruption purge should be viewed “very positively” by potential investors in Saudi Aramco as a sign the …

Oil

Kaspersky Security Bulletin: Threat Predictions for 2018

<b>Download the Kaspersky Security Bulletin: Predictions 2018</b><p>Introduction<p>As hard as it is to believe, it’s once again time for our APT Predictions. …

Cybersecurity

Oil market’s new political reality after Saudi Arabian arrests

Mohamed El-Erian<p>For much of the recent past, oil prices have been driven primarily by supply side issues, including the ongoing tug of war between …

Oil

Drilling into the commodities spikes

<b>Summary:</b> This year has seen a solid revival in prices for metal commodities as well as energy resources, including oil. There are different …

Oil

Labour turns up heat on Hammond over $2trn Saudi Aramco float

Sky News has seen a letter to Philip Hammond, the Chancellor, in which his Labour shadow John McDonnell‎ demands to know details of discussions …

UK News

MIDEAST - Factors to watch - November 14

DUBAI, Nov 14 (Reuters) - Here are some factors that may affect Middle East stock markets on Tuesday. Reuters has not verified the press reports and …

Middle East

Oil falls on rising U.S. output, global demand concern

Oil prices fell for a third day in a row on Tuesday on forecasts for rising U.S. crude output and a gloomier outlook for global demand growth in a report from the International Energy Agency (IEA).<p>In addition, analysts said oil prices were pressured by a global commodities selloff, led by base …

Oil

Egypt in Talks to Import Saudi Aramco Crude for Local Refining

Egypt is in talks with Saudi Arabian Oil Co. to import crude oil and refine it domestically, giving the North African country more control over its …

Oil