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MIDEAST STOCKS Most Gulf bourses gain on corporate earnings boost | Reuters

MIDEAST STOCKS Most Gulf bourses gain on corporate earnings boost | Reuters Most major stock markets in the Gulf ended higher on Wednesday, largely supported by strong corporate earnings, while the Dubai index closed lower and was the only laggard.Saudi Arabia's benchmark index (.TASI) rose 0.2%, helped by a 0.4% gain in Al Rajhi Bank (1120.SE) and a 0.6% increase in oil behemoth Saudi Aramco (2222.SE).Ratings firm Fitch raised Aramco's outlook to stable and affirmed its IDR at "A".In Abu ...
Tags: Travel, Saudi Arabia, Egypt, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Reuters, Aramco, Emirates NBD, Fitch, Tasi, Rupert Neil Bumfrey, QSI, Al Rajhi Bank, Gulf Egypt


#Saudi Aramco Confirms Data Leak After Ransomware Cyber Attack - Bloomberg

Saudi Aramco Confirms Data Leak After Ransomware Cyber Attack - Bloomberg Saudi Aramco confirmed that some company files were leaked after hackers reportedly demanded a $50 million ransom from the world’s most-valuable oil producer.“Aramco recently became aware of the indirect release of a limited amount of company data which was held by third-party contractors,” the Middle Eastern oil major said Wednesday in an email. “We confirm that the release of data was not due to a breach of our systems...
Tags: Travel, Saudi Arabia, Bloomberg, Ap, Middle East, Associated Press, Aramco, Interior Ministry, PricewaterhouseCoopers LLP, Saudi Arabian Oil Co, Rupert Neil Bumfrey, Colonial Pipeline, Bloomberg Saudi Aramco, PJM Interconnection LLC


#Saudi Aramco drops Morgan Stanley on gas pipelines deal -sources | Reuters

Saudi Aramco drops Morgan Stanley on gas pipelines deal -sources | Reuters Saudi Aramco has dropped Morgan Stanley (MS.N) as an adviser for the sale of its gas pipelines and picked JPMorgan (JPM.N) and Goldman Sachs (GS.N) for the role, three sources familiar with matter said.JPMorgan had also advised Aramco on the sale of the oil pipeline business, which was sold to a consortium led by Washington-DC based EIG Global Energy Partners for $12.4 billion. read moreAramco has also invited banks to ...
Tags: Travel, Washington Dc, Morgan Stanley, Reuters, Aramco, Saudi Aramco, Jpmorgan, Rupert Neil Bumfrey, Morgan Stanley MS N, EIG Global Energy Partners, Reuters Saudi Aramco, Goldman Sachs GS N


#Saudi Aramco to Sell More Assets in Multi-Billion Dollar Push - Bloomberg

Saudi Aramco to Sell More Assets in Multi-Billion Dollar Push - Bloomberg The world’s largest oil company, Saudi Aramco, is planning to raise tens of billions of dollars by selling more stakes in its businesses.The Saudi Arabian state-controlled firm created a new team to review its assets last year, soon after the coronavirus pandemic triggered a plunge in energy prices and strained its balance sheet. Aramco raised $12.4 billion by selling leasing rights over oil pipelines to a U.S.-led group...
Tags: Travel, Bloomberg, Aramco, Saudi Aramco, Rupert Neil Bumfrey, Abdulaziz Al Gudaimi, Al Gudaimi


Aramco's CFO Khalid Al-Dabbagh Set to Step Down -Bloomberg

(Reuters) -Saudi Aramco Oil Co's Khalid al-Dabbagh is set to step down as chief financial officer of the oil giant, Bloomberg News reported https:/...
Tags: Bloomberg, Aramco, Bloomberg News, Khalid al Dabbagh, Reuters Saudi Aramco Oil Co


Ambani's Reliance Invests in #AbuDhabi Petrochemicals Hub - Bloomberg

Ambani's Reliance Invests in Abu Dhabi Petrochemicals Hub - Bloomberg Reliance Industries Ltd. is set to invest in petrochemical facilities in Abu Dhabi, according to people familiar with the matter, as it strengthens energy ties with the Middle East.The Indian conglomerate plans to join projects at Abu Dhabi National Oil Co.’s Ruwais refining hub, the people said. India’s Economic Times, which first reported the news, said the investment will amount to as much as $1.5 billion and may be annou...
Tags: Travel, Asia, India, Middle East, United Arab Emirates, Abu Dhabi, Reliance, Aramco, Saudi Aramco, Economic Times, ADNOC, Mukesh Ambani, Rupert Neil Bumfrey, Ambani, Abu Dhabi National Oil Co, Yasir al Rumayyan


#Saudi Aramco seeks financing advisor for gas pipeline deal -sources | Reuters

Saudi Aramco seeks financing advisor for gas pipeline deal -sources | Reuters Saudi Aramco (2222.SE) has invited banks to pitch for an advisory role to help finance the sale of a significant minority stake in its gas pipelines, the oil giant's second major midstream deal after a $12.4 billion deal for oil pipelines, three sources said.Aramco has already hired Morgan Stanley (MS.N) as an M&A advisor and the financing advisory role is up for grabs among banks, two of the sources said.The gas pip...
Tags: Travel, Reuters, Aramco, Saudi Aramco, Rupert Neil Bumfrey, Morgan Stanley MS N, Reuters Saudi Aramco, Aramco Oil Pipelines Co


#Saudi Aramco Bets on Blue Hydrogen Exports Ramping Up From 2030 - Bloomberg video

Saudi Aramco Bets on Blue Hydrogen Exports Ramping Up From 2030 - Bloomberg Saudi Aramco outlined plans to invest in blue hydrogen as the world shifts away from dirtier forms of energy, but said it will take at least until the end of this decade before a global market for the fuel is developed.“We’re going to have a large share” of the market for blue hydrogen, Aramco’s chief technology officer, Ahmad Al-Khowaiter, said in an interview with Bloomberg Television on Sunday in Dhahran, eastern ...
Tags: Travel, Saudi Arabia, Bloomberg, Aramco, Bloomberg Television, Dhahran, Rupert Neil Bumfrey, Bloomberg Saudi Aramco, Ahmad Al Khowaiter, Khowaiter


EIG-led consortium closes $12.4 bln Aramco pipelines deal | Reuters

EIG-led consortium closes $12.4 bln Aramco pipelines deal | Reuters U.S.-based EIG Global Energy Partners said on Friday a consortium it led has closed a deal to buy 49% of Saudi oil producer Aramco's (2222.SE) pipelines business for $12.4 billion.EIG said the co-investment process for the deal attracted a global group of investors from China, Saudi Arabia, Korea, the United Arab Emirates and the United States.It included Abu Dhabi's Mubadala Investment Company, Silk Road Fund, Hassana and Sam...
Tags: Travel, United States, United Arab Emirates, Abu Dhabi, Reuters, Aramco, Reuters U S, EIG, Rupert Neil Bumfrey, EIG Global Energy Partners, China Saudi Arabia Korea, Mubadala Investment Company Silk Road Fund Hassana, Samsung Asset Management


EIG-Led Consortium Closes $12.4 Billion Aramco Pipelines Deal

(Reuters) - U.S.-based EIG Global Energy Partners said on Friday a consortium it led has closed a deal to buy 49% of Saudi oil producer Aramco's...
Tags: Aramco, Reuters U S, EIG Global Energy Partners, EIG Led Consortium


#Saudi Aramco raises $6 billion with debut sukuk | Reuters

Saudi Aramco raises $6 billion with debut sukuk | Reuters Saudi Arabian oil giant Aramco (2222.SE) locked in another $6 billion on Wednesday to help fund a large dividend as it returned to the international debt markets with its first U.S. dollar-denominated sukuk sale, a document showed.The debt issuance, which will help fund a $75 billion dividend commitment that will mostly go to the government, comprises tranches of three, five and 10 years, a document from one of the banks arranging the d...
Tags: Travel, Saudi Arabia, Gulf, Reuters, Aramco, Saudi Aramco, Moody, BOC, UST, Rupert Neil Bumfrey, Dubai Islamic Bank, U S Treasuries UST, Citi C N HSBC, Standard Chartered Bank STAN L Passive


#Saudi Aramco Is Said to Hire Morgan Stanley for Gas Pipeline Deal - Bloomberg

Aramco Is Said to Hire Morgan Stanley for Gas Pipeline Deal - Bloomberg Saudi Aramco has hired Morgan Stanley as the lead adviser to review a potential multibillion-dollar stake sale in its natural gas pipeline network, people familiar with the matter said.The state-owned energy producer is making early preparations for the sale, according to the people, who asked not to to be identified because the information is private. The company hasn’t yet started a formal process and could add more bank...
Tags: Travel, Bloomberg, Morgan Stanley, Aramco, Rupert Neil Bumfrey, EIG Global Energy Partners LLC, Morgan Stanley for Gas Pipeline Deal Bloomberg


Saudi Aramco Expected to Raise $6 Billion as Bond Orders Top $55 Billion

DUBAI (Reuters) - Saudi Arabian oil group Aramco is expected to raise $6 billion on Wednesday as the company returned to the international debt...
Tags: Dubai, Reuters, Aramco


Aramco Starts Debut Sale of Dollar-Denominated Islamic Bonds - Bloomberg

Aramco Starts Debut Sale of Dollar-Denominated Islamic Bonds - Bloomberg Saudi Aramco, the world’s biggest energy company, started marketing its first dollar-denominated Islamic bond sale.The state-controlled company is offering sukuk due in three, five and 10 years, according to a person familiar with the matter, who asked not to be identified as the details are private.The firm is raising cash to help finance its plans to pay out $75 billion in dividends, a commitment that the oil company ma...
Tags: Travel, Saudi Arabia, Bloomberg, Aramco, Bloomberg Intelligence, Rupert Neil Bumfrey, Bloomberg Saudi Aramco, Jaimin Patel, Damian Sassower


UPDATE 1- #Saudi Aramco seen raising $3 bln-4 bln with dollar sukuk - sources | Reuters

UPDATE 1-Saudi Aramco seen raising $3 bln-4 bln with dollar sukuk - sources | Reuters Saudi Arabian oil giant Aramco is likely to raise between $3 billion and $4 billion on Wednesday, two sources said, as it returns to the international debt markets with its first U.S. dollar-denominated sukuk sale.The debt issuance, which will at least partly fund a large dividend that mostly goes to the government, will comprise tranches of three, five and 10 years, the term sheet for the sukuk seen by Reute...
Tags: Travel, Saudi Arabia, Gulf, Reuters, Aramco, Saudi Aramco, UST, BOC International, Rupert Neil Bumfrey, Dubai Islamic Bank, U S Treasuries UST


Mubadala takes stake in Aramco pipelines venture | The National

Mubadala takes stake in Aramco pipelines venture | The National Abu Dhabi’s sovereign fund Mubadala confirmed it has joined the consortium that took a significant minority stake in an oil pipeline venture with Saudi Aramco.Aramco announced a $12.4 billion deal in April for the sale of a 49 per cent stake in a newly created vehicle known as Aramco Oil Pipelines. The buyer was a consortium led by Washington-based investor EIG, an investor in energy-related infrastructure.Mubadala “has joined the...


#Saudi Aramco Hires Banks for Debut Dollar Islamic Bond Sale - Bloomberg

Saudi Aramco Hires Banks for Debut Dollar Islamic Bond Sale - Bloomberg Saudi Aramco, the world’s biggest energy company, hired advisers including Citigroup Inc. and Goldman Sachs Group Inc. for its first dollar-denominated Islamic bond sale.The state-controlled company may offer three tranches of notes due in three, five and 10 years, according to a person familiar with the matter. Islamic bonds, or sukuk, comply with the religion’s teachings, including its ban on interest.The firm is raising...
Tags: Travel, Saudi Arabia, Standard Chartered Bank, Aramco, Citigroup Inc, Goldman Sachs Group Inc, Rupert Neil Bumfrey, Monday Aramco


Aramco Said to Plan Bond Sale to Help Fund $75 Billion Dividend - Bloomberg

Aramco Said to Plan Bond Sale to Help Fund $75 Billion Dividend - Bloomberg Saudi Aramco is preparing to return to global capital markets with a bond that would help fund a $75 billion dividend commitment, according to people with knowledge of the plan.The world’s biggest energy company has picked around 15 banks to manage a sale of Islamic debt, or sukuk, that could happen this month, according to people with knowledge of the matter. The state-controlled firm may seek to raise around $5 billi...
Tags: Travel, Aramco, Persian Gulf, Aramco Said, Rupert Neil Bumfrey, Qatar Petroleum, Bloomberg Saudi Aramco, Energy Development Oman


Saudi Aramco in Talks With Banks for New Bond Sale - Sources

DUBAI (Reuters) - Saudi Arabian oil group Aramco is in talks with banks for a U.S. dollar-denominated bond issue, two sources said, seeking to...
Tags: Dubai, Reuters, Aramco, Saudi Aramco


JPMorgan Eyes $100 Million Payday on Trade Linked to Aramco Deal - Bloomberg

JPMorgan Eyes $100 Million Payday on Trade Linked to Aramco Deal - Bloomberg JPMorgan & Chase Co. is set to earn more than $100 million on a recent trade tied to the sale of a stake in Saudi Aramco’s oil pipelines, a windfall that stands out even in the sprawling interest-rate swap market, people familiar with the matter said.The bank is poised to book gains on a hedging transaction with U.S. investment firm EIG Global Energy Partners LLC, which agreed last month to invest $12.4 billion in the...
Tags: Travel, Aramco, Saudi Aramco, Jpmorgan, Rupert Neil Bumfrey, EIG Global Energy Partners LLC, Aramco Deal Bloomberg, Aramco Deal Bloomberg JPMorgan Chase Co


#Saudi Aramco 1% Stake Is a Tough Sell - Bloomberg

Saudi Aramco 1% Stake Is a Tough Sell - Bloomberg Five years after Crown Prince Mohammed Bin Salman ventured that “in 2020 we can live without oil,” he is, once again, hawking Saudi Arabia’s oil champion to raise funds. In a recent, sweeping interview with Arab News, he teased the potential sale of 1% of Saudi Arabian Oil Co., or Saudi Aramco, to a “huge company” in an oil-importing country.Who would pay $19 billion for that sliver of the Saudi dream? The obvious candidates are in Asia, where ...
Tags: Travel, Asia, Saudi Arabia, Russia, India, Bloomberg, Reliance, Reuters, Aramco, Saudi Aramco, Mohammed bin Salman, BP Plc, Reliance Industries Ltd, David Fickling, Saudi Arabian Oil Co, Rupert Neil Bumfrey


Mideast Stocks: #Saudi index edges up as Aramco beats quarterly profit estimates | ZAWYA MENA Edition

Mideast Stocks: Saudi index edges up as Aramco beats quarterly profit estimates | ZAWYA MENA Edition Saudi Arabian stocks edged higher on Tuesday, after first-quarter profit from state oil producer Saudi Aramco beat forecasts, while other major Gulf markets closed mixed.Saudi Arabia's benchmark index ended up 0.1% as Al Rajhi Bank gained 0.4% and Aramco rose 0.7%.Aramco reported a 30% rise in first-quarter net profit to $21.7 billion, compared with analysts' expectations for $19.48 billion. Ar...
Tags: Travel, Saudi Arabia, Qatar, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Aramco, Saudi Aramco, Mideast, Rupert Neil Bumfrey, Dubai Islamic Bank, Al Rajhi Bank, First Abu Dhabi Bank, Emirates NBD Bank, Riyad Bank Abu Dhabi


MIDEAST STOCKS #Saudi stocks gain as Aramco Q1 profit tops estimates | Reuters

MIDEAST STOCKS Saudi stocks gain as Aramco Q1 profit tops estimates | Reuters Major Gulf stock markets were little changed in early trade on Tuesday, with Saudi Arabia shares rising as state oil producer Saudi Aramco's (2222.SE) first-quarter profit topped analysts' estimates.Saudi Arabia's benchmark index (.TASI) was up 0.3% after falling for three straight days. Saudi Aramco rose 0.6% after it reported a 30% rise in first-quarter net profit to $21.7 billion, compared with analysts' expectati...
Tags: Travel, Saudi Arabia, Qatar, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Reuters, Aramco, Saudi Aramco, IHS, Tasi, Rupert Neil Bumfrey, First Abu Dhabi Bank, Emirates Telecommunications Group Etisalat, Dhabi


#Saudi Aramco beats quarterly profit forecast, maintains dividend | Reuters

Saudi Aramco beats quarterly profit forecast, maintains dividend | Reuters State-run oil producer Saudi Aramco (2222.SE) beat analysts' forecasts on Tuesday with a 30% rise in first-quarter net profit and maintained its dividend payout, helped by strong oil prices.Earnings by global energy companies such as Exxon Mobil (XOM.N) have climbed on the back of rising crude prices, which are up by about a third this year, as fuel demand recovers from the pandemic and as a global surplus of crude shri...
Tags: Travel, Exxon Mobil, Reuters, Aramco, Saudi Aramco, Reuters State, Rupert Neil Bumfrey, Amin Nasser


Saudi Aramco Beats Q1 Profit Forecast, Keeps Dividend as Oil Rebounds

By Hadeel Al Sayegh, Saeed Azhar and Alexander CornwellDUBAI (Reuters) -Saudi Arabian state oil producer Aramco on Tuesday beat analysts' forecasts...
Tags: Aramco, Alexander, Saudi Aramco, Hadeel Al Sayegh Saeed Azhar


Saudi Aramco Q1 Profit Rose 30% on Stronger Oil Market

DUBAI (Reuters) - Saudi Arabian state oil producer Aramco on Tuesday reported a 30% rise in first-quarter net profit boosted by a stronger oil...
Tags: Dubai, Reuters, Aramco, Saudi Aramco


SABIC likely to see strong earnings in 2021 on higher petchem prices | ZAWYA MENA Edition

SABIC likely to see strong earnings in 2021 on higher petchem prices | ZAWYA MENA Edition Al Rajhi Capital has raised its target price on Saudi Basic Industries Corp (SABIC) to 120 Saudi riyals ($32) per share from the earlier 115 riyals per share following its robust first-quarter 2021 results and on potential synergies from the Aramco deal.In a report the Riyadh-based investment bank said given the upward movement in petrochemical prices over the past few quarters, the company is likely to w...
Tags: Travel, Riyadh, Aramco, Saudi Aramco, SABIC, Rupert Neil Bumfrey, Al Rajhi Capital, Saudi Basic Industries Corp SABIC, MENA Edition Al Rajhi Capital


Schlumberger-Backed Arabian Drilling Said to Plan #Saudi IPO - Bloomberg

Schlumberger-Backed Arabian Drilling Said to Plan Saudi IPO - Bloomberg Arabian Drilling Co., a Saudi oilfield-services company partly held by Schlumberger NV, is preparing an initial public offering that could give it a valuation of around $2 billion, according to people familiar with the matter.The firm, also owned by Saudi Arabia’s Industrialization & Energy Services Company, known as Taqa, has asked banks to pitch for a role on the potential share sale, the people said, asking not to be id...
Tags: Travel, Saudi Arabia, Bloomberg, Middle East, Riyadh, Aramco, Saudi Basic Industries Corp, Schlumberger, Schlumberger NV, Rupert Neil Bumfrey, Abu Dhabi National Oil Co, Taqa, Saudi Telecom Co, Arabian Drilling, Saudi Tadawul Group, Bloomberg Arabian Drilling Co


Valentino Rossi’s Personal MotoGP Team To Join 2022 Season

VR46 Will Be Present On the Grid Valentino Rossi plans to host his own team’s MotoGP debut for the beginning of the 2022 season. Rossi has already established himself as a track god when it comes to motorcycles. The Italian motorcycle racer has accumulated a total of nine world championships under his belt in his 25 season stint in the sport. Although his racing career may be coming to a quiet end in the near future, his presence will stick around the sport through his new VR46 Riders Academy T...
Tags: Motorcycles, MotoGP, Valentino Rossi, Aramco, Yamaha, ROSSI, Saudia Arabia, Motorcycle News, AGV, Luca Marini, VR46 Riders Academy Team With, Tanal Entertanimnent Sport Media, Suzuki Ducati


Mukesh Ambani Doesn't Have Much Need for a 1% Stake in #Saudi Aramco - Bloomberg

Mukesh Ambani Doesn't Have Much Need for a 1% Stake in Saudi Aramco - Bloomberg Could one of the energy industry’s longest-running on-again, off-again romances be catching fire again? Saudi Arabian Crown Prince Mohammed Bin Salman seems to think so. “There are discussions happening right now about a 1% acquisition by one of the leading energy companies in the world” in state-owned Saudi Arabian Oil Co., he said in a local television interview Tuesday.Prince Mohammed didn’t disclose which compa...
Tags: Travel, Jane Austen, Financial Times, Mohammed, Reliance, Aramco, Saudi Aramco, Mohammed bin Salman, Reliance Industries Ltd, Saudi Arabian Oil Co, Mukesh Ambani, Rupert Neil Bumfrey, Saudi Aramco Bloomberg