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Saudi Arabia's Aramco Considers Selling $50 Billion in Shares
Business

Saudi Arabia's Aramco Considers Selling $50 Billion in Shares

The offering, likely on the Riyadh exchange, would be the largest in the history of capital markets. Similar previous plans have fallen through. Source link

Saudi Arabia's Sovereign-Wealth Fund Bets Big at Home
Business

Saudi Arabia's Sovereign-Wealth Fund Bets Big at Home

After pumping tens of billions of dollars into global investments, the $700 billion Public Investment Fund is accelerating spending at home, often on obscure startups

Saudi Arabia's Oil Production Cuts Reflect Cost of Reshaping Economy
Business

Saudi Arabia's Oil Production Cuts Reflect Cost of Reshaping Economy

Riyadh needs to keep prices high enough to fund grandiose gigaprojects. Source link