Home Tags Saudi Arabia

Tag: Saudi Arabia

A general view of the atmosphere at the Pensacola Naval Air Station following a shooting on December 06, 2019 in Pensacola, Florida.

US attorney general declares deadly shooting at Florida base an ‘act of terrorism,’ says 21 Saudis training in the US are being sent home

Some of the 21 Saudi students in the US for military training were found to have shared anti-American or jihadi content. Others had child pornography.
FILE PHOTO: Amin H. Nasser, President and CEO of Aramco, attends the official ceremony marking the debut of Saudi Aramco's initial public offering (IPO) on the Riyadh's stock market, in Riyadh

Saudi Aramco upsizes its record-shattering IPO by $3.8 billion

Aramco set aside 450 million shares for investors as it gauged early demand, and Goldman Sachs released proceeds from the allotment over the weekend.
FILE PHOTO: Sign of Saudi Aramco's IPO is seen during a news conference by the state oil company in Dhahran

Saudi Aramco has seen $200 billion of market value erased since its record-shattering IPO as Mideast tensions drag it lower

Some analysts believe Iran could retaliate by targeting oil infrastructure, placing Aramco at increased risk of a crippling strike.

Trump and Iran are sparking fears of a war that would likely be devastating to both sides

A war with Iran would likely be disastrous and further destabilize a region that's been consumed by conflict for years.
Participants attend the official ceremony marking the debut of Saudi Aramco's IPO on the Riyadh's stock market, in Riyadh

Traders looking to bet against Aramco will have to get creative about finding shares to short

Many Saudi investors aren't familiar with short trades, as selling a borrowed asset is perceived as going against the Koran, an Islamic Finance professor said.
Jamal Khashoggi with a cat.

Saudi Arabia sentenced 5 people to death and 3 more to jail over Jamal Khashoggi’s murder

The journalist was killed inside the Saudi consulate in Istanbul in 2018, though the Kingdom claims its leaders were not involved.
Actor Armie Hammer in a traditional Saudi ghutra, MDL Beast Festival stage, and Sofia Richie at the festival.

Influencers and celebrities sparked backlash for flocking to a music festival in Saudi Arabia — despite its human rights abuses

The government has deployed luxe influencer programs to gift trips in hopes of improving the country's reputation of human-rights abuses.

Twitter just suspended over 88,000 accounts tied to a Saudi disinformation campaign

It was one of the largest single crackdowns on state-backed accounts in Twitter's history.

PM Mahathir denies talk of new Islamic bloc at Malaysian summit, which Saudi Arabia did not attend

"We are not discriminating or isolating anyone," Mahathir said.
FILE PHOTO: Workers are seen at the damaged site of Saudi Aramco oil facility in Abqaiq

Saudi Aramco falls for the first time since its record-breaking IPO, putting a halt to its 4-day run

The drop comes one day before Aramco's inclusion in the MSCI Emerging Markets Index. The company's addition is set to drive demand from passive funds.