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Here's what could stop Saudi Aramco's IPO from happening
Apart from trying (and managing) to talk up oil markets in recent months, Saudi Arabia has been stoking investment banks as well with the plan to sell 5 percent of its most valuable asset and possibly...
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After more than two years, Yemen's war is a calamity
At the tip of the Arabian peninsula, Yemen’s disastrous war has been raging for nearly two years. Somewhat overshadowed by the devastating crisis in Syria, it is nonetheless a major calamity: according...
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France's Airbus just finalized a deal to sell more than 60 jets to a Saudi...
DUBAI (Reuters) - Airbus has finalised an agreement to sell more than 60 jets to Saudi Arabian budget carrier flynas, according to industry sources, a move that could help the European planemaker keep...
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Big Oil has historically played a behind-the-scenes role in American politics
“How Big Oil Bought the White House and Tried to Steal the Country” is the subtitle of a book that tells the story of a presidential election in which a candidate allowed money from big oil companies...
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Saudi Arabia's energy minister still expects an Aramco IPO in 2018
ABU DHABI (Reuters) - Saudi Arabian Energy Minister Khalid al-Falih said on Thursday that he still expected national oil giant Saudi Aramco to conduct a public offer of its shares in 2018.Falih was...
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The world needs to invest $25 trillion in oil to meet future demand
The world needs to invest US$25 trillion in new oil-producing capacity over the next 25 years to meet growing demand, Saudi Aramco’s chief executive Amin Nasser said at the World Economic Forum in...
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Saudi Arabia could see more instability if oil doesn't get back up to $60
With the OPEC production deal holding, at least for the moment, questions have now arisen over how prospects look for the cartel’s biggest producer. It’s been a strange few years for the Kingdom of...
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There's a $95 billion city in Saudi Arabia that has seen its population grow...
DAVOS, Switzerland — The boss of a $95 billion city being built in Saudi Arabia says that it has attracted more white-collar workers, companies and increased its population by 70% over the last...
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Saudi Arabia is very optimistic about Trump
DUBAI (Reuters) - Gulf Arab states are quietly applauding the arrival in the White House of a hawkish leader opposed to their adversary Iran, even if they suspect Donald Trump's short temper and...
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Saudi Arabia isn't worried about the threat from US shale
When OPEC decided not to cap output in 2014, flooding the market with oil, it was trying to drive higher-cost producers – most notably U.S. shale – out of profitability range. It succeeded in...
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'Teapots' helped Russia beat Saudi Arabia as China's largest oil supplier
Russia last year overtook Saudi Arabia as China’s biggest supplier of crude oil thanks in large part to increased demand from independent refineries, popularly called teapots. This is what statistics...
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The world's largest body of Islamic nations has 'grave concerns' over Trump's...
DUBAI, United Arab Emirates (AP) — The world's largest body of Islamic nations said on Monday that it has "grave concern" over U.S. President Donald Trump banning travelers from seven Muslim-majority...
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Trump's immigration ban doesn't include the country most of the 9/11...
President Donald Trump's executive order barring immigrants from seven majority-Muslim countries from entering the US doesn't include Saudi Arabia, the country where most of the 9/11 attackers came...
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Iranian-backed Houthi militants in Yemen claim to have hit a Saudi navy ship...
Business Insider is trying to verify footage that surfaced on Monday appearing to show an explosive hitting a ship.Iranian state-media claimed the attack was carried out by Houthi militants in Yemen...
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Saudi Arabian site used to monitor ceasefire violations in Yemen struck by...
A building in southern Saudi Arabia used by United Nations staff to monitor ceasefire violations in Yemen was damaged by rocket fire on Monday.Saudi-owned Al-Arabiya TV reported that the entrance of...
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US sends Navy destroyer to patrol off Yemen amid tensions with Iran
WASHINGTON (Reuters) - The United States has placed a Navy destroyer off the coast of Yemen to protect waterways from Houthi militia aligned with Iran, two U.S. officials said on Friday, amid...
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That time the Queen of England terrified a Saudi King while driving him around
King Abdullah of Saudi Arabia died in 2015, age disputed but well into at least his 80s. His death sparked a number of stories about his life, travels, and interactions with foreign heads of state. One...
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A boutique bank beat Wall Street giants to be the sole advisor for the...
Moelis and Co, a boutique Wall Street investment bank, has reportedly been chosen as the sole independent advisor on the initial public offering of Saudi Arabia's state oil company, Saudi...
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Saudi Arabia has picked a legal advisor for the world's biggest IPO
DUBAI/SINGAPORE (Reuters) - State oil giant Saudi Aramco has appointed international law firm White & Case as legal adviser for its planned initial public offering (IPO), expected to be the world’s...
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IEA: OPEC is sticking to its agreement to cut oil production like never before
The Organization of Petroleum Exporting Countries (OPEC) has received an early and key endorsement of its effort to reduce the global oversupply of oil.On Friday, the International Energy Agency— a...
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