Middle-east Arab News Opinion | Asharq Al-awsat

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Oil tanks seen at the Saudi Aramco headquarters during a media tour at Damam city November 11, 2007. REUTERS/ Ali Jarekji/File Photo

Aramco Considers Issuing Shares for Saudis in Favorable Prices

by Wael Mahdi | Feb 23, 2017 | Business

Khobar – Saudi Aramco is considering discounted shares for local investors, sources reported to Bloomberg. The oil company has discussed ways to structure the offering, allowing Saudi buyers to receive the stock at a lower price than international investors. The...

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Oil tanks seen at the Saudi Aramco headquarters during a media tour at Damam city November 11, 2007. REUTERS/ Ali Jarekji/File Photo

Boutique Bank Moelis Wins Advisory Role of Mammoth Saudi Aramco IPO

by Wael Mahdi | Feb 9, 2017 | Business

Khobar – New York-based boutique investment bank Moelis & Co (MC.N) has been chosen as an adviser by Saudi Aramco on its plans for what is expected to be the world’s biggest initial public share offer (IPO). Moelis will be the internal independent...

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From Hunting Wolves in Rub Al-Khali to Global Oil Trade

by Amir Taheri | Jan 31, 2017 | Lifestyle & Culture

“Out of the Desert: My Journey From Nomadic Bedouin to the Heart of Global Oil” By: Ali Al-Naimi 320 pages, $27 Published by Penguin Looking for Ali Al-Naimi’s book in New York and London bookshops you won’t find it in the section marked “Biography”. For some reason,...

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King Abdulaziz Centre for World Culture

Dhahran, from Oil to Culture

by Dr. Saad al-Bazei | Jan 26, 2017 | Lifestyle & Culture

King Salman inaugurated King Abdulaziz Center for World Culture, known as Ithraa, which was built by Aramco to spread culture – not only in Saudi Arabia – but also in the Arabian Peninsula and many other regions through its interaction with local and...

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Minister of Energy, Industry, and Natural Resources Khalid al-Falih. SPA

KSA Raises Industrial Development Fund’s Capital to $2.4 Billion

by Ali Al-Qattan | Dec 15, 2016 | Business

Dammam- Saudi Arabia plans to boost the capital of the Saudi Industrial Development Fund (SIDF) by 6 billion riyals ($1.6 billion) to help finance the kingdom’s entry into new industries, Minister of Energy, Industry, and Mineral Resources and Chairman of Saudi Aramco...