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Saudi Aramco

Yemen's Houthis say drone attack hits Saudi Aramco in Riyadh

Yemen's Houthis say drone attack hits Saudi Aramco in Riyadh

  • Sarea said operations against Saudi Arabia will continue and escalate as long as Saudi "aggression" against Yemen continues.
  • Sarea warned "foreign companies and citizens" to avoid military sites and key infrastructure.
Published 19 Mar, 2021 07:22pm
Saudi shares firm as major Gulf markets end mixed
Markets

Saudi shares firm as major Gulf markets end mixed

  • Saudi Arabia's benchmark index finished 0.3% higher, with Al Rajhi Bank rising 2% and Samba Financial Group climbing 1.4%.
  • In Dubai, the main share index eased 0.2%, hit by a 1.9% fall in blue-chip developer Emaar Properties and a 1.1% retreat in sharia-compliant lender Dubai Islamic Bank .
Updated 08 Mar, 2021 10:16pm
Aramco may have to sell assets, borrow more to maintain Saudi dividend
World

Aramco may have to sell assets, borrow more to maintain Saudi dividend

  • Oil giant Aramco, whose dividend remains vital to helping Saudi Arabia contain a huge deficit, may have to sell assets and borrow more to fulfil its fiscal role amid uncertainty in oil prices.
  • Aramco, the world’s largest oil producer, listed in 2019 in a record $29.4 billion share sale, but the government still owns 98.2% of the group.
Published 17 Dec, 2020 11:32am