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Chinese State Banks to Compete for Role on Aramco’s IPO

(Bloomberg) -- Some of China’s biggest state-owned banks have been invited to pitch for the Saudi Aramco initial public offering, people with knowledge of...

Saudi Women Get a New Right: Allowing Their Kids to Travel

(Bloomberg) -- Saudi mothers will be able to apply for passports for children in their custody and approve travel abroad under new guidelines. The changes,...

Omani crude oil production reaches 30.091mn barrels in July

The total production of crude oil and condensate was at 30.091 million barrels in July with a daily average output of 970, 682 barrels,...

Saudi Oil Fields Are in the Firing Line

(Bloomberg) -- Saudi Arabia’s oil fields, responsible for almost a 10th of global crude production, are in the firing line. Recently, they’ve been targeted...

Let Down by China, Mauritius Turns to Saudi Arabia for Growth

(Bloomberg) -- Let down by falling numbers of Chinese visitors and fretting about Brexit, the tourism industry of Mauritius is turning to an unexpected savior:...

Saudi Aramco Cuts All Oil Pricing for September Sales to Asia

(Bloomberg) -- Saudi Arabia, the world’s biggest oil exporter, lowered pricing for September sales of all crudes to Asia while raising prices to buyers in...

Aramco to Finish Pipeline Expansion, Reducing Reliance on Hormuz

(Bloomberg) -- Saudi Aramco expects to complete the expansion of an oil pipeline that runs east-west across the country by September, according to a person...

Reliance, Aramco Talks on Refinery Stake Sale Said to Stall

(Bloomberg) -- Indian billionaire Mukesh Ambani’s Reliance Industries Ltd.’s talks to sell a minority stake in its refinery business to Saudi Arabian Oil Co., Aramco...

Oman-Saudi Road: Paving a Lucrative Path

Oman and Saudi Arabia had joined forces to construct a road that connects the two countries together directly. Set to open soon, the road...

Saudi Arabia Starts Offering Permanent Residency for $213,000

(Bloomberg) -- Saudi Arabia has opened applications for a permanent residency program designed to attract foreign investment to the kingdom, but it will cost...

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