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  • Crown Prince Mohammed bin Salman Meets with U.N. Secretary General in New York
     

    Crown Prince Mohammed bin Salman continued his active visit to the United States yesterday, attending a business meeting in New York with over 200 executives, and separately meeting with the Secretary General of the United Nations, Antonio Guterres. 200 top business leaders from the U.S. and Saudi Arabia – including two dozen women – assembled in […]

     
  • Crown Prince Mohammed bin Salman visits Harvard, MIT in Boston
     

    Crown Prince Mohammed bin Salman visited Harvard University and MIT in Boston, Massachusetts over the weekend to tour two of America’s premiere higher education campuses and talk about the importance of research and entrepreneurship to Vision 2030. The visit to Boston is the second stop in a weeks long tour across the United States, his first […]

     
  • Crown Prince Mohammed bin Salman Kicks Off Two Week U.S. Visit Today with Meeting at White House
     

    Saudi Arabia’s Crown Prince Mohammed bin Salman arrived in Washington, D.C. last night and will kick off a two week, multi-city U.S. tour with a meeting today at the White House. The Saudi embassy in Washington, D.C. issued a release providing further details on the trip, noting that in addition to meeting with President Trump […]

     
  • Saudi Aramco IPO Delayed Until 2019, Financial Times Reports for Second Time
     

    Saudi Aramco’s long-awaited IPO “could be delayed until 2019 at the earliest,” the Financial Times reported on Sunday, citing British officials briefed on the matter. It is the second time the London-based newspaper was the first to report that the IPO would be delayed. The Financial Times reported the same news in September, but Saudi officials […]

     
  • Saudi Officials, Current and Former, Downplay Oil Demand Concerns
     

    Saudi officials downplayed the risk of waning demand for oil as electric vehicles become more mainstream, according to comments made by Saudi Aramco’s CEO Amin Nasser and by former Minister of Petroleum Ali Al Naimi. According to comments at the CERAWeek by IHS Markit conference on Tuesday reported by Bloomberg, Nasser said he is “not […]

     
  • Russian, Chinese Interests ‘Eager’ to Invest in Saudi Aramco IPO as Cooperation Heats Up
     

    The head of the Russian Direct Investment Fund (RDIF) said in Riyadh today there is “significant interest” to invest in the forthcoming Aramco IPO from Russia and from China, according to reports. Several banks and other groups in Russia are interested in investing in shares of Aramco, according to Bloomberg, which reported comments from Kirill Dmitriev, chief […]

     
  • Saudi Crown Prince Mohammed bin Salman will Visit Washington, Other U.S. Cities in Early March
     

    The Royal Embassy of Saudi Arabia in Washington is working to organize a visit by crown prince Mohammed bin Salman to the United States in early March, the first trip to the U.S. since he became crown prince last year, according to reports. Rumors of a forthcoming visit by the powerful crown prince have surfaced in […]

     
  • Saudi Aramco CEO Says Company Eying U.S. Expansion
     

    Saudi Aramco’s CEO Amin Nasser said the company was eying expansion in the United States “where President Donald Trump’s tax cuts and support for the oil industry are making business increasingly attractive,” Reuters reports. Nasser also lauded the Trump administration as being friendly toward the oil industry. “The Trump administration has been positive towards the energy […]

     
  • At Davos, Saudi Leaders Discuss Energy, Foreign Policy on World Stage
     

    Saudi government leaders arrived to Davos, Switzerland for the annual World Economic Forum to meet with other world leaders and discuss key foreign policy and energy challenges facing the Kingdom. The 48th Annual Meeting in Davos will host 3,000 participants across all stakeholder groups including public & private sectors, civil society, academia, media, and arts & culture. The Saudi delegation is led […]

     
  • Bloomberg News, MiSK Launch Course in Dubai to Train Aspiring Saudi Journalists
     

    Bloomberg news and Saudi Arabia’s MiSK Foundation have teamed up to launch a course on financial reporting to train aspiring Saudi journalists, according to a report in Arab News. The intensive week-long course is taught at the Bloomberg Middle East headquarters in Dubai. 30 Saudi undergraduates, including 22 women and eight men, were chosen by MiSK […]

     

MUST-READS

  • Saudi Aramco to cancel McDermott’s multi-billion dollar Zuluf contracts

    Saudi Aramco is set to cancel three offshore contracts previously awarded to offshore engineering contractor McDermott, for its ambitious Zuluf oilfield expansion project, valued at over $1.8 billion. The decision to terminate the contracts stems from McDermott’s inability to provide the required performance bank guarantees to the Saudi state-owned oil and gas giant, Upstream reported.

  • Saudi Aramco Subsidiary Sees Profits Climb In Q2

    Luberef, a subsidiary of Saudi Aramco, reported a 3.9% higher profit for the second quarter of the year despite a sizeable decline in revenues. The company, which reported the figures in a statement for the Saudi stock exchange, attributed the increase in profit to tax adjustments that reduced its expenses and higher crack margins, Forbes reported.

  • Saudi Aramco CEO Amin Nasser – BlackRock’s newest board member

    Amin Nasser has been at the helm of Aramco since 2015 and managed the public listing of the oil giant in 2019. Nasser joined the state-run oil giant Saudi Aramco in 1982 as a petroleum engineer, rising the ranks to become CEO in 2015. Four years later, the Saudi national led the company’s blockbuster public listing, raising $25.6 billion in the world’s biggest-ever IPO. His appointment to BlackRock’s board represents a substantial convergence of leadership in the financial and energy sectors.

  • Aramco and partners make polymers from oil waste in historic milestone

    According to a press release from Aramco, the project aims to pave the way for the creation of a domestic value chain for the advanced recycling of plastics to circular polymers in Saudi Arabia. The process allows the use of non-sorted plastics, which can be difficult to recycle mechanically, which consequently contributes to solving the challenge of end-of-life plastics.

  • BlackRock draws scrutiny by tapping Saudi Aramco CEO for board

    Saudi Aramco CEO Amin Nasser is replacing Bader Alsaad, chair of the Arab Fund for Economic & Social Development, who will depart when his term expires in 2024. Why it matters: With more than $9 trillion in assets under its management, BlackRock has emphasized its commitment to responsible environment, social and governance (ESG)-based investing.

  • Saudi Aramco VC Fund Joins Thiel to Back AI-Powered Emissions Monitor Tenderd

    Saudi Aramco’s venture capital arm has invested in Tenderd, a United Arab Emirates-based firm backed by Peter Thiel, which uses AI-generated insights to monitor and help reduce emissions. Aramco’s $500 million venture fund, Wa’ed Ventures, didn’t disclose how much it invested in the startup.

  • BlackRock names Aramco boss to board

    The world's top asset manager BlackRock (BLK.N) has named Amin Nasser, the chief of the world's largest oil company Saudi Aramco (2223.SE), as an independent director. Nasser joined Saudi Arabia's state oil giant as a petroleum engineer in 1982, and decades later in 2019 led Aramco's initial public offering. His expertise in the Middle East will fill the gap left by Bader Alsaad, chairman of the board of the Arab Fund for Economic & Social Development, who is not standing for reelection on BlackRock's board in 2024, the asset manager said on Monday.

  • Saudi Aramco Getting Cash Meant for Sustainable Investment Reveals ESG Loophole

    Maria Lozovik, a London-based Bank of America investment banking veteran who founded Marsham Investment Management in 2016, says part of the problem is that ESG rating calculation methodologies are “often not transparent and face data gaps, which have to be filled by estimates.” Investors in ESG-labeled exchange-traded funds need to “conduct thorough due diligence into what they’re actually investing in,” she said.

  • Saudi Aramco exploring investment opportunities in India, CEO says

    Saudi Aramco, the world’s largest oil-exporting company, is looking for investment opportunities in India amid a surge in crude demand in the South Asian country, its president and chief executive has said. In terms of crude imports, both China and India – two large oil-consuming countries – have surpassed pre-pandemic levels, Amin Nasser said during the Opec International Seminar in Vienna on Wednesday.

  • Aramco, TotalEnergies sign $11 bln contract to build petrochemicals complex in Saudi

    Saudi Arabia’s Aramco and TotalEnergies have signed an $11 billion contract to start building a new petrochemicals complex in the Kingdom, the two companies say in a joint statement. “Aramco and TotalEnergies today awarded Engineering, Procurement and Construction (EPC) contracts for the $11 billion ‘Amiral’ complex, a future world-scale petrochemicals facility expansion at the SATORP refinery in the Kingdom of Saudi Arabia," the statement read.