Company Insights Saudi Aramco Oil & Gas Saudi Aramco News Analysis Banking & Finance Gulf SWFs are back on a roll but beware Russian ties Buoyant oil prices are keeping Gulf treasuries full following the pandemic The past few years may have been decidedly mixed for Gulf sovereign wealth funds (SWFs), but with a recent surge in oil prices and lockdowns ending the pressure is now easing. During the Covid-19 pandemic many funds found their reserves heavily depleted by governments […] May 31, 2022 Energy If Aramco were a country, it would be richer than Italy The oil company’s market cap of over $1.8 trillion in 2021 is more than two-and-a-half times the GDP of its home country Saudi Arabia May 30, 2022 Energy Saudi Aramco: The rise of an oil giant 1933: Oil concession agreement signed 1935: The first test well is drilled into the Dammam Dome 1939: First tanker load of petroleum exported 1949: Oil production hits 500,000 bpd 1958: Oil production exceeds 1 million bpd annually 1962: Crude oil production hits 5 billion barrels 1976: First to produce more than 3 billion barrels of […] May 26, 2022 Banking & Finance Saudi firms lead MENA IPO charge amid global gloom Initial public offering (IPO) activity in the Middle East and North Africa (MENA) is bucking global trends, with investors rushing to take opportunities across a wide range of sectors. Despite uncertainties affecting the global IPO outlook – including the ongoing Russia-Ukraine conflict – the MENA region saw a 400 percent year-on-year increase in the number […] May 25, 2022 Energy Saudi oil giants lead on march to net zero Aramco and Sabic commit to big investments in technology to combat emissions from hydrocarbons Oil industry heavyweights from Saudi Arabia have pledged to pursue a green energy transition against a backdrop of robust energy prices, with Brent currently hovering at around $110 a barrel of oil. Officials from Saudi Aramco and Saudi Basic Industries Corporation, […] May 25, 2022 Energy Abu Dhabi and Britain sign deal to fuel global hydrogen push Adnoc’s deal to develop clean hydrogen with British giant BP and renewable energy firm Masdar is a “landmark agreement” that will accelerate the global transition towards a sustainable future, industry experts have said. As part of the partnership announced on Tuesday, Adnoc (Abu Dhabi National Oil Company) and BP have advanced to the design phase […] May 24, 2022 Energy ‘We’re serious about net zero’ says Saudi’s PIF chief PIF establishing new hydrogen company Fund plans to develop 70 percent of renewable energy targets Kingdom to phase out almost all liquids Saudi Arabia’s Public Investment Fund (PIF) is committed to achieving its goal of developing 70 percent of the kingdom’s renewable energy by the end of the decade, PIF’s governor confirmed today. Despite it […] May 20, 2022 Analysis Energy Abu Dhabi’s $2bn green energy splash will deepen India ties Abu Dhabi-based International Holding Company PJSC’s (IHC) AED 7.3 billion ($2 billion) investment in Indian multinational conglomerate Adani Group takes the UAE-India partnership to “a different level” with more deals on the horizon, market observers said. IHC provided capital to Adani Green Energy, Adani Transmission, and Adani Enterprises, which are all listed on the Bombay […] May 18, 2022 Energy Aramco takes bite out of Apple as world’s most valuable company Saudi Aramco overtook US tech giant Apple as the world’s most valuable company yesterday, fuelled by a rise in oil prices The same global economic drivers that are buoying the energy company’s profits are adding to an inflation surge, dampening demand for technology stocks. Aramco traded near its highest level on record, with a market capitalisation […] May 12, 2022 Analysis Markets ‘Savvy’ investors snap up DEWA shares Plenty of mystery surrounds the listing of Dubai utilities giant DEWA, the Middle East’s largest IPO since the floating of Saudi Aramco in late 2019. When CNBC’s Dan Murphy organised an interview with DEWA’s CEO, he hoped to extricate some details from the infamously secretive boss. Amid surging shares following news of the float, Saeed […] May 9, 2022 Posts navigation Previous 1 … 50 51 52 Next
Analysis Banking & Finance Gulf SWFs are back on a roll but beware Russian ties Buoyant oil prices are keeping Gulf treasuries full following the pandemic The past few years may have been decidedly mixed for Gulf sovereign wealth funds (SWFs), but with a recent surge in oil prices and lockdowns ending the pressure is now easing. During the Covid-19 pandemic many funds found their reserves heavily depleted by governments […] May 31, 2022
Energy If Aramco were a country, it would be richer than Italy The oil company’s market cap of over $1.8 trillion in 2021 is more than two-and-a-half times the GDP of its home country Saudi Arabia May 30, 2022
Energy Saudi Aramco: The rise of an oil giant 1933: Oil concession agreement signed 1935: The first test well is drilled into the Dammam Dome 1939: First tanker load of petroleum exported 1949: Oil production hits 500,000 bpd 1958: Oil production exceeds 1 million bpd annually 1962: Crude oil production hits 5 billion barrels 1976: First to produce more than 3 billion barrels of […] May 26, 2022
Banking & Finance Saudi firms lead MENA IPO charge amid global gloom Initial public offering (IPO) activity in the Middle East and North Africa (MENA) is bucking global trends, with investors rushing to take opportunities across a wide range of sectors. Despite uncertainties affecting the global IPO outlook – including the ongoing Russia-Ukraine conflict – the MENA region saw a 400 percent year-on-year increase in the number […] May 25, 2022
Energy Saudi oil giants lead on march to net zero Aramco and Sabic commit to big investments in technology to combat emissions from hydrocarbons Oil industry heavyweights from Saudi Arabia have pledged to pursue a green energy transition against a backdrop of robust energy prices, with Brent currently hovering at around $110 a barrel of oil. Officials from Saudi Aramco and Saudi Basic Industries Corporation, […] May 25, 2022
Energy Abu Dhabi and Britain sign deal to fuel global hydrogen push Adnoc’s deal to develop clean hydrogen with British giant BP and renewable energy firm Masdar is a “landmark agreement” that will accelerate the global transition towards a sustainable future, industry experts have said. As part of the partnership announced on Tuesday, Adnoc (Abu Dhabi National Oil Company) and BP have advanced to the design phase […] May 24, 2022
Energy ‘We’re serious about net zero’ says Saudi’s PIF chief PIF establishing new hydrogen company Fund plans to develop 70 percent of renewable energy targets Kingdom to phase out almost all liquids Saudi Arabia’s Public Investment Fund (PIF) is committed to achieving its goal of developing 70 percent of the kingdom’s renewable energy by the end of the decade, PIF’s governor confirmed today. Despite it […] May 20, 2022
Analysis Energy Abu Dhabi’s $2bn green energy splash will deepen India ties Abu Dhabi-based International Holding Company PJSC’s (IHC) AED 7.3 billion ($2 billion) investment in Indian multinational conglomerate Adani Group takes the UAE-India partnership to “a different level” with more deals on the horizon, market observers said. IHC provided capital to Adani Green Energy, Adani Transmission, and Adani Enterprises, which are all listed on the Bombay […] May 18, 2022
Energy Aramco takes bite out of Apple as world’s most valuable company Saudi Aramco overtook US tech giant Apple as the world’s most valuable company yesterday, fuelled by a rise in oil prices The same global economic drivers that are buoying the energy company’s profits are adding to an inflation surge, dampening demand for technology stocks. Aramco traded near its highest level on record, with a market capitalisation […] May 12, 2022
Analysis Markets ‘Savvy’ investors snap up DEWA shares Plenty of mystery surrounds the listing of Dubai utilities giant DEWA, the Middle East’s largest IPO since the floating of Saudi Aramco in late 2019. When CNBC’s Dan Murphy organised an interview with DEWA’s CEO, he hoped to extricate some details from the infamously secretive boss. Amid surging shares following news of the float, Saeed […] May 9, 2022
