Tag: Saudi Arabia

• Monday, November 4th 2019 - 09:25 UTC

  Saudi Arabia seeks to diversify economy, floats oil giant Aramco in search of funds

  

  Saudi Arabia's giant state oil company finally kick-started its initial public offering (IPO) on Sunday, announcing its intention to float on the domestic bourse in what could be the world's biggest listing as the kingdom seeks to diversify its economy away from oil.

• Wednesday, October 30th 2019 - 09:27 UTC

  Brazilian food processor expands in Saudi Arabia with chicken plant

  

  Brazilian food processor BRF SA on Tuesday announced an agreement to invest around US$ 120 million to build its first chicken processing plant in Saudi Arabia in a bid to strengthen its position in a key growth market.

• Tuesday, October 29th 2019 - 08:09 UTC

  Bolsonaro in Arab countries: signs agreements in Abu Dhabi and will address economic forum in Riyadh

  

  The United Arab Emirates and Brazil signed several agreements on Sunday during President Jair Bolsonaro's visit to Abu Dhabi, which marks his first official trip to the Arab world. He arrived in the UAE on Saturday and is set to head to Qatar and Saudi Arabia, where he will take part in the Future Investment Initiative.

• Thursday, September 26th 2019 - 13:35 UTC

  What is the economic fallout from the Saudi Arabia oil facility attack?

  

  A violent attack on Saudi Arabia’s oil infrastructure was carried out earlier this month. Some 18 drones and seven cruise missiles were reportedly fired in the direction of several oil facilities in the region. The Abqaiq facility was the primary location of attack, while cruise missiles struck an oilfield in Khurais, just east of the city of Riyadh.

• Tuesday, September 17th 2019 - 09:49 UTC

  US ready for a response to attack on Saudi oil facilities; China and Russia call for restrain

  

  The United States readied its response on Monday to the “unprecedented” attack on Saudi oil facilities as President Donald Trump said Iran was likely to blame, fanning new fears of conflict in the Gulf region.

• Tuesday, July 30th 2019 - 09:53 UTC

  Uruguay's Mujica blasts Malaysia as “a dictatorship where they kill 25 people every day”

  

  Malaysia is a bloodthirsty dictatorship where they kill 25 people every day, according to Uruguay's ex president Jose Mujica. The Uruguayan leader speaking at a political rally put in the same bag, Saudi Arabia, Malaysia, China as part of a poor defense of the regime of his good friend, the president of Venezuela, Nicolas Maduro.

• Monday, July 22nd 2019 - 09:25 UTC

  IMO condemns tanker attacks in Strait of Hormuz and Sea of Oman

  

  The Council of the International Maritime Organization (IMO) has condemned recent attacks on commercial shipping in the Strait of Hormuz and Sea of Oman at its meeting in London held from 15-19 July.

• Friday, June 21st 2019 - 08:31 UTC

  UK broke the law by allowing arms sales to Saudi Arabia, rules senior judge

  

  Britain broke the law by allowing arms sales to Saudi Arabia that might have been deployed in the war in Yemen, an English court ruled on Thursday after activists said there was evidence the weapons had been used in violation of human rights statutes. 

• Saturday, May 18th 2019 - 08:21 UTC

  OPEC meeting in Jeddah: Saudi Arabia minister promises “we will be flexible”

  

  Saudi Arabia's Energy Minister Khalid al-Falih said on Saturday that OPEC will be responsive to the oil market's needs, but that he was not sure there is an oil shortage with data, particularly from the United States, still showing inventories building.

• Wednesday, April 10th 2019 - 09:27 UTC

  Saudi's oil company Aramco plans to borrow US$ 12bn in its debut bond sale

  

  Saudi Aramco is planning to borrow US$12 billion in its debut bond sale as the oil giant pulls off one of the most oversubscribed debt deals of all time. Investor orders for the dollar bonds reached an excess of US$100 billion at the peak on Tuesday, according to market experts