Posts filtered by tags: Saudi Aramco[x]


 

Apple at $1.73 Trillion Trades Near Saudi Aramco

Apple is trading up 4.3% and has a valuation of $1.73 trillion. Saudi Aramco is at $1.77 trillion. The price of Aramco shares are 33.3 riyals. At 36.8 riyals it was worth $1.96 trillion. At 33.3... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Tags: Apple, Innovation, Aramco, Saudi Aramco


MIDEAST STOCKS-Major Gulf markets ease in early trade as financial shares drag - Reuters

MIDEAST STOCKS-Major Gulf markets ease in early trade as financial shares drag - Reuters:Major Gulf stock markets were subdued in early trade on Monday, mostly hurt by losses in financial shares, while property shares weighed on Dubai’s index.Saudi Arabia’s benchmark index slipped 0.1%, with oil giant Saudi Aramco and National Commercial Bank both falling 0.3%.Amongst others, Saudi Real Estate retreated 0.9% a day after the company signed debt restructuring agreement of 2.07 billion riyals ($551...
Tags: Travel, Saudi Arabia, Dubai, Gulf, Reuters, Saudi Aramco, Emaar Properties, Rupert Neil Bumfrey, Dubai Islamic Bank, National Commercial Bank, Major Gulf, Saudi Real Estate


MIDEAST STOCKS-Major Gulf stock markets get off to a weak start - Reuters

MIDEAST STOCKS-Major Gulf stock markets get off to a weak start - Reuters:Major stock markets in the Gulf were subdued in early trade on Wednesday, with banking and real estate shares weighing on indexes in the United Arab Emirates.The benchmark index in Saudi Arabia, which has the highest number of cases in the six-nation Gulf Cooperation Council, eased 0.1%. Petrochemical firm Saudi Basic Industries fell 0.3%, while oil behemoth Saudi Aramco edged down 0.2%.The kingdom is pressing on with plan...
Tags: Travel, Saudi Arabia, United Arab Emirates, Dubai, Gulf, Reuters, Saudi Aramco, Gulf Cooperation Council, Emaar Properties, Rupert Neil Bumfrey, Saudi Basic Industries, Emaar Malls


#Saudi Aramco's Dividend Math Doesn't Add Up Considering Oil Price - Bloomberg

Saudi Aramco's Dividend Math Doesn't Add Up Considering Oil Price - Bloomberg:It’s the mother of all payouts.The $75 billion that Saudi Aramco doles out in dividends every year dwarfs what any other listed company gives to shareholders. It’s roughly equivalent to the payouts from Exxon Mobil Corp., Royal Dutch Shell Plc, Chevron Corp., BP Plc, Total SA, PetroChina Co., Eni SpA, Petroleo Brasiliero SA and China Petroleum & Chemical Corp. or Sinopec — put together.That makes Chief Executive Office...
Tags: Travel, Sinopec, Saudi Aramco, China Petroleum Chemical Corp, Rupert Neil Bumfrey, Amin Nasser


Mukesh Ambani says after 'unprecedented' fund raising, RIL working to close Aramco deal - The Economic Times

Mukesh Ambani says after 'unprecedented' fund raising, RIL working to close Aramco deal - The Economic Times:Billionaire Mukesh Ambani has said that after the recent fund raising activity, which he refers to as an unprecedented event in Indian corporate history, the company is now moving towards closing its deal with Saudi Aramco.RelianceNSE 0.40 % Industries (RIL) raised Rs 168,818 crore in two months through the country’s largest ever rights issue and series of stake sale deals in its arm Jio ...
Tags: Travel, Reliance, Aramco, Saudi Aramco, Economic Times, Mukesh Ambani, Rupert Neil Bumfrey, Ambani, Saudi Aramco RelianceNSE, Industries RIL


Late in 2020 or in 2021 Apple and Microsoft Should Pass Saudi Aramco

Saudi Aramco is currently the most valuable company in the world. They have a stock price of 32.9 riyal. The value of the Riyal is pegged to the US dollar at 0.27 dollars to one Riyal. Saudi Aramco... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Tags: Microsoft, US, Innovation, Riyal, Saudi Aramco, Riyal Saudi Aramco


Mideast Stocks: Most major Gulf indexes gain ahead of OPEC+ meet | ZAWYA MENA Edition

Mideast Stocks: Most major Gulf indexes gain ahead of OPEC+ meet | ZAWYA MENA Edition:Most major stock markets in the Gulf closed on a positive note on Thursday, reversing losses earlier in the session, ahead of a meeting between OPEC producers and their allies to discuss future output strategy.The Organization of the Petroleum Exporting Countries and its allies, a group known as OPEC+, are expected to hold an online meeting later on Thursday to discuss the future of a record 9.7 million barrels...
Tags: Travel, Saudi Arabia, Opec, Gulf, Aramco, Saudi Aramco, Mideast, SABIC, Petroleum Exporting Countries, Qatar Islamic Bank, Rupert Neil Bumfrey, Industries Qatar, Saudi Basic Industries SABIC


Saudi Aramco cuts hundreds of jobs amid oil market downturn, sources say

State oil giant Saudi Aramco started laying off hundreds of employees this month, two sources familiar with the matter said, as global energy companies reduce their workforces in response to the coronavirus crisis.
Tags: Money, businessNews, Saudi Aramco


Saudi Aramco will use cash, debt to pay dividends, says CEO

Saudi Aramco will use cash and debt to pay its dividend of $18.75 billion for the first quarter of this year, the company's chief executive said on Thursday, after the top oil firm sealed a major acquisition deal.
Tags: Money, businessNews, Saudi Aramco


#Saudi Aramco CEO says to use cash, debt to pay dividends - Reuters

Aramco CEO says to use cash, debt to pay dividends - Reuters:Saudi Aramco will use a combination of cash and debt to pay its dividend of $18.75 billion for the first quarter of this year, the company’s chief executive said on Thursday.“It will be a combination of both,” Amin Nasser told reporters during a phone call, when asked whether Aramco would tap debt markets to cover the dividend or use its own cash.“We would like to use our free cash definitely most of time, but other debt instruments fr...
Tags: Travel, Reuters, Aramco, Saudi Aramco, Rupert Neil Bumfrey, Amin Nasser


Aramco CEO says to use cash, debt to pay dividends

Saudi Aramco will use a combination of cash and debt to pay its dividend of $18.75 billion for the first quarter of this year, the company's chief executive said on Thursday.
Tags: Money, businessNews, Saudi Aramco


#SaudiArabia Idles Drilling Rigs as Pandemic Saps Oil Demand - Bloomberg

Saudi Arabia Idles Drilling Rigs as Pandemic Saps Oil Demand - Bloomberg:The world’s biggest oil exporter is hitting the brakes in developing some of its crude and natural gas deposits, idling two offshore drilling rigs as the coronavirus batters energy use. State-run producer Saudi Aramco has suspended work at the two platforms for about a year, according to filings from the contractors. The producer is also delaying a related $18 billion oil and gas expansion project by at least six months, ac...
Tags: Travel, Saudi Arabia, Bloomberg, Aramco, Saudi Aramco, Rupert Neil Bumfrey


MIDEAST STOCKS-Major Gulf bourses mixed; #Saudi shares rise on gains by energy, financials - Reuters

:Major Gulf bourses moved sideways on Wednesday, while gains in shares of energy and financials sectors pushed up the region’s biggest stock market Saudi Arabia.The Saudi benchmark index gained 0.6%, with National Commercial Bank, the country’s largest lender, rising 1.2%, while state-owned Saudi Aramco gaining 0.4%.The oil giant completed the acquisition of a 70% stake in petrochemicals company Saudi Basic Industries (SABIC) for $69.1 billion from the PIF sovereign fund and has extended the pay...
Tags: Travel, Saudi Arabia, Gulf, Reuters, Saudi Aramco, SABIC, Rupert Neil Bumfrey, Saudi Basic Industries SABIC, National Commercial Bank, Khalid al Dabbagh


#Saudi Aramco completes $69 billion SABIC stake deal, extends schedule - Reuters

Saudi Aramco completes $69 billion SABIC stake deal, extends schedule - Reuters:Saudi Aramco (2222.SE) has completed its purchase of a 70% stake in petrochemicals company Saudi Basic Industries (SABIC) (2010.SE) for $69.1 billion and extended the payment period by three years to 2028, providing a cushion against weak oil prices. The deal values SABIC at 123.39 riyals per share, 27% above the company’s share price of 89.90 riyals, as the coronavirus outbreak has hurt demand for petrochemicals pro...
Tags: Travel, Reuters, Aramco, Saudi Aramco, SABIC, Rupert Neil Bumfrey, Saudi Basic Industries SABIC, Amin Nasser


Saudi Aramco completes $69 billion SABIC stake deal, extends schedule

Saudi Aramco has completed its purchase of a 70% stake in petrochemicals company Saudi Basic Industries (SABIC) for $69.1 billion and extended the payment period by three years to 2028, providing a cushion against weak oil prices.
Tags: Money, businessNews, Saudi Aramco, SABIC, Saudi Basic Industries SABIC


Mideast Stocks: Markets gain on global rally, rising oil prices | ZAWYA MENA Edition

Mideast Stocks: Markets gain on global rally, rising oil prices | ZAWYA MENA Edition:Stock markets in the Middle East rebounded on Tuesday, tracking a rally in global equities and as crude oil prices rose on record supply cuts and improving fuel demand.Brent crude rose 77 cents, or 1.94%, to $40.49 a barrel by 0918 GMT, extending gains into a third session. The International Energy Agency forecast oil demand at 91.7 million barrels per day for 2020, 500,000 bpd higher than its estimate in May's ...
Tags: Travel, Saudi Arabia, Middle East, Dubai, Saudi Aramco, Mideast, International Energy Agency, Aramex, Emaar Properties, Rupert Neil Bumfrey, Sulaiman Al Habib Medical Services


Mideast Stocks: Major Gulf stocks fall, mirroring oil prices, global equities | ZAWYA MENA Edition

Mideast Stocks: Major Gulf stocks fall, mirroring oil prices, global equities | ZAWYA MENA Edition:All major Gulf markets fell on Monday, in line with oil and global stocks as growing fears of a second wave of coronavirus infections revived economic worries.Brent crude futures were $1.02, or 2.6% lower, at$37.71 a barrel by 0750 GMT, as new coronavirus infections hit China and the United States, raising the prospect that renewed outbreaks could weigh on the recovery of fuel demand.A cluster of C...
Tags: Travel, China, Beijing, United States, Gulf, Saudi Aramco, State, China Saudi Arabia, Rupert Neil Bumfrey, National Commercial Bank, Al Rajhi Bank, Major Gulf, COVID


#Saudi Aramco cuts July crude supplies to at least five buyers in Asia: sources - Reuters

Saudi Aramco cuts July crude supplies to at least five buyers in Asia: sources - Reuters:World’s largest oil exporter Saudi Aramco has reduced the volume of July-loading crude that it will supply to at least five buyers in Asia, seven sources said on Monday. The cuts were mainly for medium and heavy grades and were seen at refineries in countries such as China, the sources with knowledge of the matter said.Four of the refiners saw smaller July cuts than what they had received in June. The source...
Tags: Travel, Asia, China, Russia, Reuters, Saudi Aramco, Rupert Neil Bumfrey


Saudi Aramco cuts July crude supplies to at least 5 buyers in Asia - sources

World's largest oil exporter Saudi Aramco has reduced the volume of July-loading crude that it will supply to at least five buyers in Asia, seven sources said on Monday.
Tags: Asia, Money, businessNews, Saudi Aramco


Saudi Aramco cuts July crude supplies to at least 4 buyers in Asia - sources

The World's largest oil exporter Saudi Aramco has reduced the volume of July-loading crude that it will supply to at least four buyers in Asia, five sources said on Monday.
Tags: Asia, Money, businessNews, Saudi Aramco


#Saudi Aramco buys SABIC shares on market as it completes acquisition - Reuters

:State-owned Saudi Aramco (2222.SE) bought 2.1 billion shares of Saudi Basic Industries (SABIC) (2010.SE) on the stock market on Sunday as it completed its deal agreed last year to buy 70% of the petrochemical giant, according to sources and market data.Four transactions were executed on the Saudi exchange, known as Tadawul, involving SABIC shares worth 259,125 billion riyals ($69.1) billion, Tadawal data showed, without naming the buyer.Four sources confirmed the transactions were part of the A...
Tags: Travel, Reuters, Aramco, Saudi Aramco, State, Tadawul, SABIC, Rupert Neil Bumfrey, Saudi Basic Industries SABIC, Public Investment Fund PIF


Saudi Aramco buys SABIC shares on market as it completes acquisition

State-owned Saudi Aramco bought 2.1 billion shares of Saudi Basic Industries (SABIC) on the stock market on Sunday as it completed its deal agreed last year to buy 70% of the petrochemical giant, according to sources and market data.
Tags: Money, businessNews, Saudi Aramco, SABIC, Saudi Basic Industries SABIC


Mideast Stocks: Most of Gulf in red as oil prices fall; banks aid #Qatar | ZAWYA MENA Edition

Mideast Stocks: Most of Gulf in red as oil prices fall; banks aid Qatar | ZAWYA MENA Edition:Most Middle Eastern stock markets ended lower on Thursday, amid falling oil prices, though the Qatari index bucked the trend on the back of gains for its banking shares.Brent crude futures erased Wednesday's gains, falling 6.1%, or $2.53, to $39.20 a barrel by 1246 GMT, hit by a record build-up in U.S. crude inventories and the U.S. Federal Reserve's projections that the world's biggest economy would shr...
Tags: Travel, Saudi Arabia, Qatar, United Arab Emirates, Dubai, Abu Dhabi, Uae, Gulf, Saudi Aramco, U S Federal Reserve, Qatar National Bank, Qatar Islamic Bank, Rupert Neil Bumfrey, Samba Financial Group, Dubai Investments, National Commercial Bank


Saudi Aramco exec: Capturing carbon emissions can help combat climate change

Our generation faces the dual challenge of meeting the world's growing energy needs while ensuring a sustainable environment in the future.
Tags: Cnn, Saudi Aramco


Column: #Saudi crude oil price hike throws Asian lifeline to U.S. shale - Russell - Reuters

Column: Saudi crude oil price hike throws Asian lifeline to U.S. shale - Russell - Reuters:Saudi Arabia’s decision to jack up the price of its July exports to Asia may have opened the door for U.S. crude oil producers to boost sales to the region that consumes more oil than anywhere else in the world. State-controlled producer Saudi Aramco hoisted its official selling prices (OSPs) to all regions for July-loading cargoes, but the biggest hikes were for the key Asian region, which takes the bulk ...
Tags: Travel, Asia, Saudi Arabia, Reuters, Saudi Aramco, Rupert Neil Bumfrey, Oman Dubai, Russell Reuters, U S shale Russell Reuters


Middle East Oil, OPEC: #AbuDhabi Follows Saudis in Raising Crude Prices Amid OPEC+ Cuts - Bloomberg

Middle East Oil, OPEC: Abu Dhabi, Saudi Arabia Lift Prices - Bloomberg:Abu Dhabi boosted pricing for its main Murban crude grade one day after Saudi Arabia posted sharply higher prices of its own, adding weight to efforts by producers to extend a rally in oil while they also limit supply.Government-owned producer Abu Dhabi National Oil Co. raised July pricing for its flagship grade by $5.45 a barrel, according to a statement on Monday. Murban swung to a premium over the benchmark from a discount...
Tags: Travel, Saudi Arabia, Opec, Bloomberg, United Arab Emirates, Abu Dhabi, Saudi Aramco, Organization of Petroleum Exporting Countries, Rupert Neil Bumfrey, Abu Dhabi National Oil Co, Abdulaziz bin Salman, Abu Dhabi Saudi Arabia


Halal fintech startup Wahed closes $25M led by Saudi Aramco’s investment arm

New York-based fintech startup Wahed (meaning ‘One’ in Arabic) describes itself as a digital Islamic investment platform and as the world’s first ‘halal robo adviser’. It’s now closed a $25 million investment round led by Saudi Aramco Entrepreneurship Ventures (also known as Wa’ed Ventures), a venture capital investment arm of oil giant Saudi Aramco. Existing investors BECO and CueBall Capital participated, as well as Dubai Cultiv8, and Rasameel. The funds will be used to expand internationally,...
Tags: TC, UK, New York, Indonesia, Saudi Arabia, Finance, Kingdom, India, Nigeria, US, Tech, Ceo, Economy, United States, Malaysia, United Kingdom


Saudis Make Biggest Oil Price Hike in 20 Years After OPEC+ Cuts - Bloomberg

Saudis Make Biggest Oil Price Hike in 20 Years After OPEC+ Cuts - Bloomberg:Saudi Arabia made some of the biggest price increases for crude exports in at least two decades, doubling down on its strategy to bolster the oil market after OPEC+ producers extended historic output cuts.The steepest jump will hit July exports to Asia, state producer Saudi Aramco’s largest regional market, according to a pricing list seen by Bloomberg. Overall, the increases for Saudi crude erase almost all of the disco...
Tags: Travel, Asia, Saudi Arabia, Russia, Opec, Bloomberg, Middle East, Saudi Aramco, Rupert Neil Bumfrey


Mideast Stocks: #Dubai outperforms as Aramco hurts Saudi | ZAWYA MENA Edition

Mideast Stocks: Dubai outperforms as Aramco hurts Saudi | ZAWYA MENA Edition:Most major stock markets in the Middle East ended higher on Thursday, with Dubai leading the way as blue-chip stocks advanced, but oil giant Saudi Aramco weighed on the Saudi index.Dubai's index advanced 2%, with Dubai Investments rising 7.4% after its shareholders approved payment of a 10% cash dividend for the 2019 fiscal year.Air Arabia was up 4.6% after the United Arab Emirates said it would allow transit flights to...
Tags: Travel, Middle East, United Arab Emirates, Dubai, Aramco, Saudi Aramco, Air Arabia, Rupert Neil Bumfrey, Dubai Investments


Morgan Stanley not given advisory role on Aramco pipeline sale - sources

Morgan Stanley has not been given an advisory role on the potential sale of a stake in Saudi Aramco's pipeline business, a deal worth over $10 billion, two sources told Reuters.
Tags: Money, businessNews, Morgan Stanley, Saudi Aramco