SABB completes Tier II SAR-denominated Sukuk offering
Each Sukuk will value SAR 1 mn...
Saudi Arabia
STC delays purchase of stake in Vodafone Egypt by two months
Earlier, STC agreed to buy a 55% stake in Vodafone Egypt...
COVID-19 and oil price war: Double whammy for Gulf nations
As global demand for crude remains low due to Covid-19 — the...
Key sectors to drive Saudi Arabia’s Vision 2030 strategy
Public and private investment in a few critical sectors will drive Saudi...
Virgin Mobile eyes 15% share of Saudi telecom market: CEO
The telco plans to achieve its target by 2022...
Russia, OPEC discuss oil cuts ahead of scheduled June meeting
Some OPEC members are considering output cuts till the end of 2020...
OPEC and partners mulls cutting production for the next three months
They might decide to cut oil output by about 4.3 million bpd...
Brazil’s Petrobras to cut production by 3% in response to coronavirus
The company will also delay dividend payment and slashed 2020 investments by...
Zain launches fibre broadband services in Bahrain
The new service is being launched in partnership with Bahrain’s National Broadband...
Norway sovereign wealth fund disposes 60% of Saudi equities
The fund sold more than two-thirds of its Saudi equities last year...