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Aramco Shakes Up Top Management as It Adjusts to Oil’s Crash

(Bloomberg) -- Saudi Aramco reshuffled its senior management and created a division focused on “portfolio optimization,” as the world’s biggest oil producer adapts to low crude...
cybersecurity; AI;

Aramco Inks Deal for Saudi Arabia’s Indigenous Cybersecurity Device

Saudi Aramco, the world’s most profitable company, has signed an agreement with Advanced Electronics Company (AEC) to jointly develop and manufacture the first-of-its-kind cybersecurity...

Aramco International Listing ‘Still on the Cards,’ Saudi Minister Says

(Bloomberg) --Saudi Aramco is still considering listing shares abroad, the kingdom’s Finance Minister Mohammed Al-Jadaan said. “It’s still on the cards, we made that very...

Strategists Say Get Ready for ‘Peak Decade’ in World Economy

(Bloomberg) --Amid the Alpine peaks of the Swiss resort of Davos in the week ahead, politicians, investors and executives will be busy debating whether...

Sabic, Aramco Decision on Crude-to-Chemical Facility Expected in Q2 2020

(Bloomberg) --Saudi Basic Industries Corp. and Saudi Aramco expect to announce in the second quarter whether they’ll proceed with plans to build a facility...

Morgan Stanley Is Biggest Aramco Bear as Banks Begin Ratings

(Bloomberg) --A month after the world’s largest initial public offering, Saudi Aramco’s investment banks aren’t exactly bullish, with most recommending investors avoid the stock...

World’s Biggest IPO Got Bigger: Aramco IPO at $29.4 Billion

(Bloomberg) --The world’s biggest initial public offering turned out even bigger than initially thought. The final amount raised by Saudi Aramco’s sale totaled $29.4 billion...

Saudi Aramco Energy Ventures Readies New Fund, Beijing Office

(Bloomberg) --Saudi Aramco Energy Ventures, a unit of the kingdom’s energy company, is preparing to start a new fund this year after completing $500...

Saudi Aramco Props Up Slumping Middle East Energy Debt Market

(Bloomberg) --Gulf Arab energy companies took on marginally more total debt in 2019 compared with the previous year, but the increase was skewed by...

Middle East Stocks Get a Mauling as As Geopolitical Risks Flare

(Bloomberg) --The U.S. killing of Iran’s most senior military commander reverberated through Middle Eastern markets, sending stocks into retreat and setting the tone for...