Saudi Basic Industries

Saudi Basic Industries latest

Aramco is the world's most profitable energy company. With a net income of $33.8 billion in the first half of 2017 before taxes, a considerable amount of the income goes to the government budget, which could change. (AFP)

August 28th, 2018 - 09:34 GMT

With an Indefinite Halt on Its IPO, What's Next for Saudi Aramco?

One explanation for canceling or delaying the IPO is that the capital injection it was expected to generate is less urgent due to a partial recovery of oil prices that now stand above $70 per barrel.

The Abu Dhabi stock market index edged up on Sunday after Adnoc outlined plans for the IPO of its distribution unit. (AFP/ File)

November 21st, 2017 - 06:00 GMT

Stock Markets in Middle East Fell This Week, Except for Abu Dhabi

August 26th, 2015 - 11:55 GMT

Saudi stocks rebound after China’s ‘Black Monday’

April 27th, 2015 - 03:55 GMT

From 'relief to belief': Dubai index finally consolidating

Dubai’s index dropped 3.6 percent to a 10-week low of 3,408 points. All major stocks fell sharply and only a handful of small-caps closed higher.

March 19th, 2015 - 12:11 GMT

Panic sell-offs: Gulf markets slide after U.S. oil hits six-year low

March 3rd, 2015 - 08:10 GMT

'Lacking clear direction': Egypt stocks rebound, Saudi stocks flat

Brent crude, the benchmark for more than half the world’s oil, jumped 9.1 per cent last week, bringing gains in the past 10 days to 18 per cent, the best two-week rally since 1998.

February 9th, 2015 - 11:59 GMT

It's all relative: Saudi stocks lead Gulf rally after oil’s best week since 1998

January 14th, 2015 - 04:55 GMT

Gulf stocks run out of steam once again

Saudi Arabia’s bourse, where petrochemicals account for almost a third of total earnings, took the biggest hit among major markets,

December 1st, 2014 - 03:59 GMT

Panic mode: Gulf stocks 'bleeding'

October 14th, 2014 - 01:04 GMT

Panic over? Saudi, Dubai stock markets in the lead after tumble

August 28th, 2014 - 10:33 GMT

Saudi stocks reach six-year high

July 23rd, 2014 - 07:21 GMT

Saudi to allow foreign investment in kingdom's stock market

Qatar’s bourse has officially reported that the combined first-quarter net profit of all but two companies amounted to QR11.1 billion, up 8.6 per cent year on year.

May 11th, 2014 - 07:25 GMT