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Aramco asks banks to extend by a year a $10 billion loan it raised last May, suggesting that rebounding crude prices are not pushing the oil giant to reduce debt.

Saudi Arabia's national oil company has announced a huge quarterly loss in profits, due to low oil prices and reduced demand

Saudi chemical giant <em>SABIC</em> posts another loss

The New Arab & agencies

Saudi chemical giant SABIC posts another loss

SABIC, one of the world's largest chemical firms, said it made a loss of 950 million riyals ($253 million) in the first quarter of 2020.

Oil prices, coronavirus could lead to Saudi austerity drive

The New Arab

Oil prices, coronavirus could lead to Saudi austerity drive

Saudis may have to tighten their belts as low oil prices and coronavirus lockdowns hit.

The challenges and implications for Saudi Aramco's IPO

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 ...

Courtney Freer

Aramco IPO: Unanswered questions could undermine MbS' vision

Comment: The fate of the Aramco IPO could have huge political implications for the young crown prince's future, writes Courtney Freer.

Courtney Freer

How Saudi Aramco is powering the global climate crisis

Comment: Despite its green pledges, Saudi Arabia is extracting more oil than ever before, writes Courtney Freer.

The New Arab & agencies

Saudi chemical giant profits plummet over decline in prices

Saudi oil giant SABIC said its profits have dipped after a sharp decline in product prices.

Stasa Salacanin

Saudi Aramco shifts to new 'crude to chemical' strategy

Saudi energy giant Aramco is undergoing a strategic transformation responding to shifts in the global energy sector.

Saudi Aramco to buy petrochemicals giant for $69 billion

The New Arab

Saudi Aramco to buy petrochemicals giant for $69 billion

Saudi state oil and gas giant Aramco has announced it will purchase a majority stake in petrochemicals behemoth SABIC for $69.1 billion.

The New Arab

Video of Israeli settlement's Saudi building supplies goes viral

A video that appears to show Saudi industrial products stored outside a factory in an Israeli settlement circulated on social media on Thursday, ...

Saudi wealth fund takes out unprecedented $11bn loan

The New Arab & agencies

Saudi wealth fund takes out unprecedented $11bn loan

The kingdom is increasingly cash-strapped as it seeks funds to finance its expensive and sweeping economic and social reform programmes.

What's behind the stalled Saudi Aramco IPO?

Courtney Freer

What's behind the stalled Saudi Aramco IPO?

Comment: The IPO would have meant increased international scrutiny, and with other funding sources emerging, Saudi Arabia can afford to sidestep ...

Saudi Arabia says it 'remains committed' to Aramco IPO

The New Arab & agencies

Saudi Arabia says it 'remains committed' to Aramco IPO

The IPO of the Saudi Arabian Oil Co. remains a major plank of 32-year-old Crown Prince Mohammed bin Salman's economic plans for the kingdom.

Saudi Aramco looks to buy stake in petrochemical firm

The New Arab & agencies

Saudi Aramco looks to buy stake in petrochemical firm

The state-owned oil giant is looking to boost its petrochemicals portfolio to help attract investors ahead of its much-touted stock market ...

Peter Frankopan

How long can China avoid Middle East politics?

Comment: China has fostered economic ties with Iran, Israel, Palestine, Saudi Arabia and others. How long until it too, must pick sides in Middle East regional disputes? asks Peter Frankopan.

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