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ARAMCO

Saudi Aramco profit crashes 73% amid signs of recovery

RIYADH: State oil giant Saudi Aramco’s profit has plunged 73 percent in the second quarter of the year amid a slump in energy demand and prices due to the coronavirus crisis. All major oil companies have taken a hit in

Saudi Aramco listing

Saudi Aramco, the world’s most profitable organisation, finally has a price tag. After years of delay, Saudi Arabia has placed a value of $1.71 trillion on the state-owned energy giant – making it also by far the most valuable company

Saudi Aramco declares $1.71 trillion valuation in IPO

RIYADH: Saudi Arabia on Sunday put a value of up to $1.71 trillion on energy giant Aramco in what could be the world’s biggest IPO, but missed Crown Prince Mohammed bin Salman’s initial target of $2 trillion. Aramco said it

Saudi oil giant Aramco heads for record-setting market debut

RIYADH: Saudi Arabia announced on Sunday the stock market debut of energy giant Aramco in what could be the world’s biggest IPO. After years of delay, Aramco said it plans to sell an unspecified number of shares on the Riyadh

Oil prices fall as Saudi Arabia assures to restore oil supply

RIYADH: Saudi Arabia’s Minister for Energy, has assured the concerned countries that oil output will return to normal by the end of this month. Saudi Arabian Minister of Energy, Salman Bin Abdul Aziz told in a press conference, “Production will

Saudi stocks plunge after drone attacks on Aramco

Riyadh: The Saudi stocks fell by 2.3 percent after the recent attacks on ARAMCO facilities in Saudi Arabia. The attacks on the facilities have slashed the Saudi oil supply by almost 50 percent. The Saudi markets opened on Sunday observed

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