Saudi Arabia seen cutting May crude prices to Asia: survey
Top oil exporter Saudi Arabia is expected to cut prices for all crude grades it sells to Asia in May to reflect weaker prices for its Middle East benchmark Dubai Continue Reading
Saudi Stock Market Prepares New Rules For Aramco Listing
New financial market rules aimed at preventing major price drops in newly listed companies on Saudi Arabia’s Tadawul exchange will be ready by the end of this June, in anticipation Continue Reading
The World’s Biggest Solar Project Comes With a ‘Batteries Included’ Sticker
Lower cost to store power signals end to daytime-only supplies Solar developers adding batteries to projects around the world The world’s biggest-ever solar project — a $200 billion venture in Continue Reading
Saudi Aramco makes $10B handshake with U.S. firms
Oil and gas services company Schlumberger among the handful of companies involved in a multi-billion dollar investment forum with Saudi Aramco. Photo courtesy of Saudi Aramco March 28 (UPI) — Continue Reading
Softbank to Build World’s Biggest Solar Park in Saudi Arabia
Venture may cost $200 billion, add 100,000 jobs in the kingdom Plan envisions 200GW of solar capacity in Saudi Arabia by 2030 Saudi Arabia and SoftBank Group Corp. signed a Continue Reading
Saudis, SoftBank Group Announce World’s Largest Solar Power Project
Saudi Arabia’s sovereign-wealth fund and Japan’s SoftBank GroupCorp. 9984 -3.75% announced plans to launch the world’s biggest solar-power-generation project, providing another ambitious goal for two of the world’s richest investors. The development would start Continue Reading
Saudi Aramco ready for IPO in second half of 2018: CEO
Saudi Aramco will be ready for an initial public offering in the second half of 2018 and the work is ongoing, Amin Nasser, the chief executive officer of the state Continue Reading
Who Really Loses If The U.S. Walks Away From Saudi Nuclear Deal?
The U.S. is currently in talks with Saudi Arabia concerning a nuclear energy programme, which Riyadh says is a means of diversifying its economy and freeing itself from a reliance Continue Reading
Saudis: American Investors Will Have A Chance To Buy Into Aramco
U.S. investors will have the chance to buy shares of Saudi oil giant Aramco when it launches its initial public offering, Saudi Arabia’s Energy Minister Khalid al-Falih said over the Continue Reading
U.S. Is Not Saudi Arabia’s Only Option For Nuclear Power
The United States is not Saudi Arabia’s only option when it comes to developing nuclear energy projects, Energy Minister Khalid al-Falih said during Crown Prince Mohammed’s two-week visit in the Continue Reading