Tag: #Aramco
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Yemen’s Houthi rebels launch attacks on Aramco facility: Saudi-led coalition
The Saudi-led coalition says the barrage of drone and missile attacks by the Yemeni rebel group did not cause any casualties
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Houthis launch drone attacks at Saudi cities, Aramco facilities
Saudi-led coalition later said it attacked 13 targets in Yemen during a military operation against the group
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Saudi Aramco soars to $2 trillion on sky-high oil prices
Its market capitalisation value puts Aramco just behind Microsoft and Apple as the world’s most valuable companies
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Saudi stock market hits a 7-year high after MBS’s interview
Lahore, 29th April: The Saudi stock market hit a seven-year high after Saudi Crown Prince Muhammad bin Salman’s interview. Baaghi TV: Saudi Arabia’s Crown Prince Mohammed bin Salman has given an interview to state TV, which had a positive impact on the country’s stock market. The main index of the Saudi stock market “TASI” reached…
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Drone attack on Saudi Arab’s oil refinery brought under control
Lahore, (19th March, 8:30 pm): A drone attack on Saudi Arabia’s oil refinery caused fire. Baaghi TV: According to reports from the Saudi energy ministry, a drone attack on an oil refinery in Saudi Arabia’s capital Riyadh caused a fire that was brought under control. According to the statement released by the ministry, the attack…
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Saudi Aramco picks HSBC, Japan’s SMBC for $10 billion loan
(Reuters) — Saudi Aramco has chosen HSBC and Japan’s Sumitomo Mitsui Banking Corporation (SMBC) to coordinate talks with other banks for a loan of about $10 billion the oil giant plans to seek, two sources close to the matter said. The financing would help the company to back its acquisition of a 70% stake in…
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MBS in serious trouble: Mubasher Lucman
Lahore, 1st April: A very gripping video by Mubasher Lucman has surfaced on the YouTube Channel regarding the ongoing situation in Saudi Arab and Muhammad bin Salman. The renowned anchor, Mubasher Lucman has released a video on his Official YouTube Channel, in which he has very simply explained the Saudi politics that is taking place.…
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Saudi Aramco to unveil first annual results since IPO
Riyadh, March 13 (AFP/APP): Saudi Aramco is expected to announce a drop in profits as it unveils Monday its first annual results since its listing, as the energy giant grapples with sinking oil prices. The 2019 financial results follow an initial public offering on the domestic stock exchange in December, which raised a record $29.4…
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Saudi Aramco hits crown prince’s $2 trillion goal as shares soar
Riyadh, Dec 12 (AFP/APP): Saudi Aramco soared on Thursday above the $2 trillion valuation target sought by the kingdom’s de facto ruler as the energy giant’s share price surged on its second day of trading. The valuation milestone, which defies widespread skepticism from investors, was coveted by Crown Prince Mohammed bin Salman ever since he…
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Saudi Aramco shares to begin trading after world’s biggest IPO
Riyadh, Dec 11 (AFP/APP): Saudi Aramco’s shares begin trading domestically on Wednesday, after the energy behemoth raised $25.6 billion in the world’s biggest initial public offering. Aramco has priced its IPO at 32 riyals ($8.53) per share, the high end of the target range, surpassing the $25 billion raised by Chinese retail giant Alibaba in…