The New Arab Logo

Breaking News

From virtual Iftars to live-streamed calls to prayer, technology has helped Muslims stay connected during Ramadan under lockdown.

Saudi Arabia had big plans for its flagship megaproject NEOM, but the science fiction-like idea has drifted further from reality amid the coronavirus crisis.

Saudi Aramco profits slide 20.6% in 2019

The New Arab & agencies

Saudi Aramco profits slide 20.6% in 2019

Saudi Aramco has given its first earnings announcement as a listed company.

MbS' lust for power could sink Saudi Arabia

Jonathan Fenton-Harvey

MbS' lust for power could sink Saudi Arabia

Comment: Mohammed bin Salman is erratically pursuing short-term gains in a desperate and dangerous bid to secure his own ambitions, writes ...

MbS has a problem his royal purge can't solve

Courtney Freer

MbS has a problem his royal purge can't solve

Comment: The crown prince's second royal purge consolidates power within the kingdom, but won't protect him from plunging oil prices and a ...

The New Arab & agencies

Gulf shares slump after OPEC disagrees on virus response

Stock markets across the Gulf suffered sharp drops in early trading Sunday amid a failure by OPEC and allied nations to cut production.

The New Arab & agencies

Gulf stock markets plunge as coronavirus batters global bourses

All seven GCC stocks exchanges have been hit by fears of the impact of the novel coronavirus.

Rauf Mammadov

Assessing Saudi Aramco leaders' statements at Davos

Riyadh put its best face forward at the 2020 World Economic Forum as it basked in the glow of 2019's public offering of shares in Saudi Aramco.

Narjas Zatat

10 events that drastically changed the Middle East

From the Arab Spring to the refugee crisis, here are some of the most important events of this past decade.

Saudi Aramco stock bonanza is boosting the crown prince

Rauf Mammadov

Saudi Aramco stock bonanza is boosting the crown prince

The record valuation, which defied sceptics' predictions that the stock price would wallow, cheered Crown Prince Mohammed bin Salman, who had ...

Sabena Siddiqui

Saudi Aramco IPO fails to attract Western investors

The sale of the largest oil company in the world did not create waves, and globally it got a very lacklustre reception, much to Riyadh's ...

Iran and Saudi Arabia held secret talks

The New Arab

Iran and Saudi Arabia held secret talks

Tensions between the two countries have heated in recent years.

Saudi Aramco claims to have hit $2 trillion value

The New Arab & agencies

Saudi Aramco claims to have hit $2 trillion value

Saudi Aramco's market value crossed the $2 trillion level several times during the day on Riyadh's Tadawul stock exchange before ending just ...

Saudi Aramco highest valued listed company in the world

The New Arab

Saudi Aramco highest valued listed company in the world

Saudi Aramco becomes highest valued listed company in the world as businesses told it’s their ‘duty’ to invest

Saudi Aramco pursuing war, terror insurance after attacks

The New Arab

Saudi Aramco pursuing war, terror insurance after attacks

Attacks on two of the Saudi state oil giant's facilities in September temporarily knocked out 5 percent of the world's crude oil supply.

The New Arab

Oman state oil giant follows Aramco lead with IPO

Oman Oil will be the latest Gulf energy giant to sell shares to the public.

The New Arab & agencies

Saudi Aramco IPO sale more than twice oversubscribed

Saudi Aramco's IPO has so far been twice oversubscribed but the current bids pale in comparison to Saudi Arabia's other blockbuster ...

Courtney Freer

Saudi Arabia is open for business, not political activism

Comment: More arrests in Saudi Arabia signal that the crown prince only has eyes for an economic agenda, as political space continues to ...

The New Arab

WeWork founder: Me, MbS and Kushner will save world

The ousted director of the failing WeWork empire allegedly helped Jared Kushner on his Middle East peace initiative and wanted to mentor ...

Saudi Arabia sidelines international banks in Aramco <em>IPO</em>

The New Arab & agencies

Saudi Arabia sidelines international banks in Aramco IPO

A number of top international banks' roles in the flotation of Saudi Aramco have been downgraded, reflecting Riyadh's scaling back its ...

The New Arab & agencies

Aramco deploying Saudi-made drones to protect facilities

State-owned oil giant Saudi Aramco will use advanced war drones made in the kingdom to protect its facilities.

Saudi Aramco to meet investors in UAE

The New Arab & agencies

Saudi Aramco to meet investors in UAE

Saudi Arabia's state oil giant Saudi Aramco has arranged to meet with investors in Abu Dhabi and Dubai to shore up support for its ...

The challenges and implications for Saudi Aramco's <em>IPO</em>

Rauf Mammadov

The challenges and implications for Saudi Aramco's IPO

Saudi Aramco has finally set an initial public offering date in December while the country's Capital Market Authority has placed a number of ...

Saudi Aramco misses crown prince's target valuation for <em>IPO</em>

The New Arab & agencies

Saudi Aramco misses crown prince's target valuation for IPO

Both the valuation and stake offered in Saudi Aramco fall short of expectations.

Most Popular

Most Popular