SAUDI

Saudi Aramco’s profit plunges, sees signs of oil market recovery

Saudi Aramco’s profit plunges, sees signs of oil market recovery

Published 10/08/2020

DUBAI (Reuters) - State oil giant Saudi Aramco’s profit plunged 73% in the second quarter of the year, as a slump in energy demand and [more…]

Saudi information security firm Elm to acquire Tabadul

Saudi information security firm Elm to acquire Tabadul

Published 09/08/2020

DUBAI (Reuters) - Saudi information security company Elm is to acquire digital services company Tabadul from Saudi Arabia’s sovereign wealth fund, Elm said in a [more…]

Saudi King Salman, 84, admitted to hospital

Saudi King Salman, 84, admitted to hospital

Published 20/07/2020

RIYADH (Reuters) - Saudi Arabia’s 84-year-old ruler, King Salman bin Abdulaziz, has been admitted to hospital in the capital Riyadh, suffering from inflammation of the [more…]

G20 finance officials eye solution to digital tax row this year

G20 finance officials eye solution to digital tax row this year

Published 18/07/2020

WASHINGTON/BERLIN (Reuters) - Finance officials from the Group of 20 major economies on Saturday vowed to resolve major differences over taxing big tech companies and [more…]

Saudi central bank governor calls for more lending from commercial banks

Saudi central bank governor calls for more lending from commercial banks

Published 30/06/2020

DUBAI (Reuters) - Saudi Arabia’s central bank governor said it was encouraging commercial banks to lend more to sustain businesses during the coronavirus crisis. Saudi [more…]

Saudi king earmarks $2.4 billion to pay private-sector workers

Saudi king earmarks $2.4 billion to pay private-sector workers

Published 03/04/2020

RIYADH (Reuters) - Saudi Arabia’s King Salman has ordered up to 9 billion riyals ($2.4 billion) to be disbursed to pay part of the wages [more…]

No global digital tax by end-2020 would mean chaos: France

No global digital tax by end-2020 would mean chaos: France

Published 23/02/2020

RIYADH (Reuters) - Failure to reach a global deal on where and how much to tax digital giants such as Google (GOOGL.O), Amazon (AMZN.O) or [more…]

Japan criticizes U.S. digital tax proposal at G20

Japan criticizes U.S. digital tax proposal at G20

Published 23/02/2020

RIYADH (Reuters) - Japanese finance minister Taro Aso criticized on Sunday a U.S. tax reform proposal that he said could undermine global efforts to agree [more…]

Shifting sands of inflation unsettle top bankers at Riyadh G20 meeting

Shifting sands of inflation unsettle top bankers at Riyadh G20 meeting

Published 23/02/2020

RIYADH/WASHINGTON (Reuters) - Central bankers from the United States, Japan and the euro zone meeting in the desert kingdom of Saudi Arabia this weekend had [more…]

Saudi Aramco raises IPO to record $29.4 billion by over-allotment of shares

Saudi Aramco raises IPO to record $29.4 billion by over-allotment of shares

Published 12/01/2020

DUBAI (Reuters) - State-owned oil company Saudi Aramco said on Sunday it had exercised its “greenshoe option” to sell an additional 450 million shares, raising [more…]