Skip to content Skip to Search
Skip navigation
Company Insights

Saudi Aramco

Oil & Gas

Saudi Aramco News

Startup Zension says smartphones have at least a seven-year lifespan but on average are used for just three

Saudi Aramco leads $30m investment in tech startup

Wa’ed Ventures, the $500 million venture capital fund owned by Saudi Aramco, and Japanese conglomerate Sumitomo have invested in Zension Technologies, a consumer electronics startup. Wa’ed led the funding raise of $30 million, which also included Dubai-based Global Ventures.  Based in Riyadh, Zension provides consumers with access to the latest tech devices. Instead of purchasing devices […]

Aramco's Ras Tanura oil refinery and terminal. A proposed refinery in Bangladesh would meet local demand and serve regional markets

Aramco explores building oil refinery in Bangladesh

Saudi Aramco is willing to build an oil refinery in Bangladesh to address local and regional demand, according to an official news report. The proposed refinery is expected to meet Dhaka’s growing demand for petroleum products while serving regional markets such as China and India, state-run BSS news agency reported citing Saudi envoy Essa Al […]

People celebrate after Saudi Arabia is awarded the 2034 World Cup. As well as new stadiums, the country is preparing 134 training centres

World Cup contractors may have to register in Saudi

Foreign companies hoping to capitalise on Saudi Arabia’s SAR100 billion ($26.6 billion) World Cup preparations must be registered in the kingdom, according to the chief executive of a leading Saudi-based investment company. “Don’t waste time offering services from abroad,” said Mohammed AlQahtani, CEO at Saudi Arabia Holding Company, a private equity firm in Riyadh, in […]

The Dubai bourse has levelled from its 10-year peak but experts expect it remain steady in 2025

Expect a more subdued Dubai bourse in 2025

Following a stellar 2024, Dubai’s index is likely to join other Gulf bourses in experiencing a more subdued 2025. Dubai’s growing population, record tourism and trade revenues and a near-doubling of residential property prices since January 2021 helped to propel the emirate’s bourse to a 10-year peak last week. The benchmark has since retreated slightly […]

Sheffield United Prince Abdullah bin Mosaad bin Abdulaziz Al Saud

Prince sells English football club to US consortium

Saudi Arabia’s United World Group, led by Prince Abdullah bin Mosaad bin Abdulaziz Al Saud, has sold its interest in the English Championship side Sheffield United. The club, currently sitting at the top of the table heading into the busy Christmas schedule of fixtures, has been taken over by the American consortium COH Sports for […]

A petrol station in Nairobi, Kenya. Kenya is purchasing fuel at fixed premiums from Saudi and UAE companies

Kenya extends oil deals with Saudi Arabia and UAE

Kenya has extended oil import agreements with one Saudi and two UAE oil companies to ease pressure on its currency, according to media reports. The deals were initially signed with Saudi Aramco, Abu Dhabi National Oil Company and Emirates National Oil Company in March 2023, offering a 180-day credit period, Business Daily newspaper reported. Reuters […]

Keir Starmer with Crown Prince Mohammed bin Salman. The British prime minister visited Saudi Arabia and the UAE on his trip

UK company to open ‘miracle material’ factory in Saudi Arabia

The world’s first commercial production facility for graphene-enriched carbon fibre is to be built in Saudi Arabia, its backers have announced.  Graphene Innovations Manchester (GIM) – a UK company that is developing the “miracle material” said to be stronger than diamond, more conductive than copper and more flexible than rubber – has signed an agreement […]