Company News

Four Seasons and Jabal Omar Company to Open New Hotel in Makkah

(Press Release - 10/19/2017 9:22:00 PM)

Four Seasons Hotels and Resorts, the world's leading luxury hospitality company, and Jabal Omar Development Company (JODC), a leading developer in the Middle East, announce plans for a new Four Seasons hotel in the Holy City of Makkah (also known as ...

Saudi needs Aramco billions as recession slows austerity drive

(Reuters - 10/19/2017 6:18:00 PM)

Saudi Arabia’s plans to sell state assets - including a stake in energy giant Saudi Aramco - are becoming even more important to its finances as a recession slows Riyadh’s effort to close a budget deficit caused by low oil prices. ast December, Riyadh ...

McDermott to Present at the Future Investment Initiative

(Press Release - 10/19/2017 3:43:00 PM)

McDermott International, Inc. (NYSE:MDR) President and Chief Executive Officer David Dickson is scheduled to speak on a panel at the Future Investment Initiative in Riyadh, Saudi Arabia on October 26, 2017 at 9 a.m. Arabia Standard Time (1 a.m. Central ...

Rowan, Aramco launch ARO Drilling

(Upstream Online - 10/19/2017 3:22:00 PM)

US rig owner Rowan Companies and Sa udi Aramco have started up operations of their 50/50 joint venture ARO Drilling. Through the move, first announced in November 2016, Aramco and Rowan agreed to create the joint venture to own, operate, and manage ...

Dagong and IIRA maintain the Ratings of Al Baraka Banking Group

(CP Financial - 10/19/2017 1:49:00 PM)

Dagong Global Credit Rating Company Limited (“Dagong”) and Islamic International Rating Agency (“IIRA”) have jointly maintained foreign and local currency ratings assigned to AlBaraka Banking Group (“ABG” or “the Group”) on the international scale at ...

Gazprom Neft eyes cooperation with Aramco in hard-to-recover oil

(Reuters - 10/19/2017 12:20:00 PM)

Russia’s Gazprom Neft will work with the world’s largest oil producer Saudi Aramco in hard-to-recover oil production and on a technology known as hydraulic fracturing, Gazprom Neft chief Alexander Dyukov said on Wednesday. Earlier this month, both ...

Saudi’s Aramco Entrepreneurship Center continues to supports SMEs

(Startup MGZN - 10/19/2017 12:19:00 PM)

The Saudi Aramco Entrepreneurship Center “Wa’ed” launched its pavilion at the 37th GITEX Technology Week that was held at Dubai World Trade Center between 8 to 12 October 2017. Crown Prince of Dubai His Highness Sheikh Hamdan bin Mohammed bin Rashid Al ...

Oman Qatar Insurance reports strong performance

(Times of Oman - 10/19/2017 12:15:00 PM)

Oman Qatar Insurance Company (OQIC), a leading insurance company that closed its initial public offering (IPO) earlier this month, has delivered strong performance in nine month period of the year 2017 despite sluggish economic environment. The company ...

Total, Aramco in talks over JV refinery expansion

(Kallanish Energy - 10/19/2017 10:25:00 AM)

Partners Total and Saudi Aramco are discussing an expansion project to increase the capacity of their joint-venture refinery in Saudi Arabi by roughly 10%, Total’s CEO Patrick Pouyanne said Wednesday. The Saudi Aramco Total Refining and Petrochemical ...

London Stock Exchange CEO Rolet fires back at Aramco IPO critics

(Arabian Business - 10/19/2017 10:24:00 AM)

London Stock Exchange Group’s Xavier Rolet hit back at criticism that listing rules were eased to pave the way for one of the world’s largest initial public offerings. The exchange went on a charm offensive after Saudi officials said they are looking to ...