Authored by Federico Pieraccini via The Strategic Culture Foundation, While the world continues to decipher, or digest, the new Trump presidency, important changes are afoot within the grand strategic triangle that lies between Russia, Iran and China Away from the current chaos in the United States, major developments are progressing, with Iran, Russia and China coordinating on a series of significant moves crucial for the future of […]
Saudi women from adventurers to inventors are hoping a unique conference in Riyadh on Saturday will highlight their changing role and inspire younger women to push for new opportunities in the ultra-conservative kingdom. The event comes at a time when reforms are slowly changing women’s lives in one of the world’s most gender-segregated countries – where women live under the supervision of a male guardian and cannot […]
Saudi Arabian corporate earnings may finally have bottomed out after two years of falls due to low oil prices and the government austerity which followed, with the petrochemicals sector leading signs of recovery. But a sharp rebound is unlikely for companies in the Middle East’s biggest economy as further austerity looms and they are competing for customers who are no longer flush with cash. Analysts say stronger […]
Riyadh, 09 March, 2017 Mobile Telecommunication Company Saudi Arabia (Zain Saudi Arabia) announced its financial results for the full financial year ending December 31, 2016. Key Performance Indicators for the 12 months ending 31 Dec 2016: Compared to Full-Year 2015, Zain Saudi Arabia reported: Advertisement Revenues increased by 3% to SAR 6,927 million, Gross profit grew by 11% to SAR 4,401 million. EBITDA also grew by 10% […]
New York and London are locked in a frantic race to be the main international listing venue for Saudi Arabia’s initial public offering of its state oil company, emerging as clear frontrunners in what is set to be the world’s biggest ever flotation. Executives from the New York Stock Exchange and London Stock Exchange have held talks with Saudi Aramco, the state group valued at as much […]
DUBAI, UAE, March 8, 2017 /PRNewswire/ — Over 1,300 IT and security stakeholders gathered in Riyadh to advance discussions on collaboration, standardization and a unified approach to mitigate cyber threats. Under the endorsement of Saudi Arabia’s Crown Prince His Royal Highness Mohammed bin Nayef bin Abdulaziz Al Saud, the National Cyber Security Center NCSC, representative of Ministry of Interior, in partnership with Naseba organized the 2nd International […]
“Talk is cheap, implementation is difficult,” said Fadel Gheit, a senior oil company analyst at Oppenheimer & Company. “They will have to recreate books that never existed.” Photo Khalid A. al-Falih, Saudi Arabia’s energy minister and chairman of Saudi Aramco, speaking at a conference in Houston on Tuesday. Credit Melissa Phillip/Houston Chronicle, via Associated Press As a prize, there are fewer bigger than Saudi Aramco. The Saudis […]
Saudi Arabia has promised to launch major development projects towards the end of 2017 to re-energise an economy which has been hit by austerity measures, industry sources told Reuters. Deputy Crown Prince Mohammed bin Salman, the kingdom’s top economic official, made the commitment at a recent meeting with a delegation representing the Saudi private sector, the sources, who spoke on condition of anonymity, said. While they pledged […]
Fund managers and institutional investors expect oil giant Saudi Aramco to have a market capitalisation of $1 trillion to $1.5 trillion when it sells shares to the public next year, a survey by regional investment bank EFG Hermes showed on Monday. The valuation of Aramco. the world’s biggest oil firm, has been the focus of intense speculation since the Saudi government last year announced plans to sell […]
Qatar Airways has confirmed plans to launch services to Yanbu and Tabuk in Saudi Arabia with three-weekly flights beginning in May and June respectively. The additional destinations take Qatar Airways’ total network connectivity within the Gulf kingdom to 10 destinations, the airline said in a statement. Qatar Airways Group chief executive Akbar Al Baker said: “We have been steadily growing our presence and services to Saudi Arabia […]
04 March 2017 Bahrain – Investcorp, a global provider and manager of alternative investment products, today announced the completion of its acquisition and integration of the debt management business of 3i (“3iDM”) from 3i Group plc. The business, now recognized as Investcorp Credit Management (“ICM”), adds $11 billion of assets under management, bringing the total to approximately $21.4 billion. Investcorp Credit Management is a leading global credit […]
GENEVA Syria’s warring sides both claimed U.N. peace talks in Geneva were going their way on Thursday, but the chief government negotiator and Syria’s ally Russia accused the main opposition delegation of trying to wreck the talks. Syrian government negotiator Bashar al-Ja’afari told reporters that he had discussed “substantive issues, particularly counter-terrorism” with U.N. mediator Staffan de Mistura, and would continue on Friday. The government delegation has […]
GENEVA Syrian government negotiator Bashar al-Ja’afari accused the Saudi-backed opposition on Thursday of holding peace talks hostage because of their reported refusal to unify under one opposition delegation and include terrorism on agenda. “We heard that… the Riyadh platform refused the inclusion… of counter-terrorism,” Ja’afari told reporters after meeting U.N. envoy Staffan de Mistura. “This did not come as a surprise because some members of the Riyadh […]
Photo King Salman of Saudi Arabia, center, arriving at the presidential palace in Bogor, Indonesia, on Wednesday. Credit Achmad Ibrahim/Agence France-Presse — Getty Images LONDON — You could call it bling diplomacy. As part of a monthlong tour in Asia to promote economic ties, King Salman of Saudi Arabia arrived in Indonesia on Wednesday to great fanfare, accompanied, the news media said, by a retinue with a […]
Riyadh – Barcelona | 27 February 2017 Zain Saudi Arabia and Ericsson signed a Memorandum of understanding to collaborate in enabling next generation hyperscale data centers based on the latest technology available with the highest degree of automation in orchestration and management. The MoU was signed by Mr. Peter Kaliaropoulos , CEO of Zain Saudi Arabia and Ali Eid, Head of Ericsson Kingdom of Saudi Arabia, Jordan […]
Anwar Ahmad ABU DHABI // More than 7,000 people descended on Al Ghazal Golf Club in Abu Dhabi to take part in the gruelling Spartan challenge or support friends and family in what is one of the toughest desert races of the year. An estimated 3,000 competitors took on the course. Adult and children’s challenges included rope climbing, burpees, spear throwing, atlas carrying, a barbed wire crawl […]
Saudi Arabia’s King Salman starts a month-long Asian tour on Sunday to build ties with the world’s fastest growing importers of Saudi oil and promote investment opportunities, including the sale of a stake in its giant state firm Saudi Aramco. The octogenarian monarch, who has overseen the launch of an ambitious economic reform plan since his accession two years ago, is expected to visit Malaysia, Indonesia, Japan […]
RIYADH Saudi Arabia’s King Salman starts a month-long Asian tour on Sunday to build ties with the world’s fastest growing importers of Saudi oil and promote investment opportunities, including the sale of a stake in its giant state firm Saudi Aramco. The octogenarian monarch, who has overseen the launch of an ambitious economic reform plan since his accession two years ago, is expected to visit Malaysia, Indonesia, […]
Oscar-winning actor Al Pacino is set to visit Saudi Arabia on May 11-12 as part of the General Entertainment Authority schedule for 2017, which aims to boost the kingdom’s entertainment and film sector. The event titled “An Evening with Pacino,” will take place in Riyadh and then Dammam. It will see Pacino share rare backstage stories and inner workings of his personal projects with a live audience […]
February 24th, 2017, Dubai, UAE International leadership coaches Dr. Marshall Goldsmith, Kate Sweetman and happiness expert Alexander Kjerulf will be among key speakers at the 12th Human Capital Forum MENA. The forum will gather HR professionals from the MENA region to discuss their latest challenges including change management, employee engagement, training & development and maintaining a high-performing workforce in a tough economic climate. The forum is taking […]
A body set up by the Saudi-led coalition to investigate civilian casualties in Yemen said on Thursday a technical fault was responsible for the death of seven people in a 2015 air strike but cleared the alliance of other attacks. Saudi Arabia and its allies in a mostly Gulf Arab military coalition have been bombing the Iran-aligned Houthi movement since they seized much of northern Yemen in […]
Oil company Saudi Aramco [IPO-ARMO.SE] has selected JPMorgan Chase & Co, Morgan Stanley, and HSBC Holdings Plc as lead underwriters for its planned initial public share offering, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The listing of Aramco is expected to be the world’s biggest initial public offering and could raise up to $100 billion. The IPO is the centerpiece of […]
|By Arabian Post Staff| Saudi Arabian Oil Co may offer discounted shares of its record breaking IPO to Saudi nationals, Bloomberg reported quoting sources. It said the company has discussed methods to structure the sale so that retail investors in Saudi Arabia can buy shares for less than those buying on international exchanges. Aramco, as the company is known, is considering listing venues in the U.S., U.K. […]
ABU DHABI // Combining the capabilities of Saudi Arabia and the UAE could create historic opportunities for the region, Sheikh Mohammed bin Rashid said on Tuesday. “Through our integration, solidarity and unity, we can protect our gains, enhance our economies and build a better future for our people,” the Vice President and Ruler of Dubai said at a joint retreat on Abu Dhabi’s Saadiyat Island, attended by […]
