HOTTEST DAY NEWS

  • Saudis Venezuelans common ground
    Industry

    Saudis and Venezuelans Finding Common Ground

    Havoc in the oil world over the past two years has had a major impact on the finances of Saudi Arabia. However, those depleted revenues pale in comparison to what has happened in another oil-rich country, Venezuela, with the financial wreckage that’s resulted causing severe food shortages and rampant inflation. In this particular case, Venezuela…

  • Saudi Aramco IPO
    Industry

    Thinking Twice About a Saudi Aramco IPO

    For the past few years, the likelihood of Saudi Arabia offering minority shares in its largest company, Saudi Aramco, seemed to be a given. That’s because the dropping price of oil and the subsequent depletion of the country’s vast financial resources made it a more economically viable option to undertake. Those resources haven’t quite reached…

  • saudi-marketing-nodern-vision
    History

    Saudi Marketing Needs a Modern Vision to Keep Market Share

    Inany area of business, an insidious arrogance about a company’s approach toward maintaining market supremacy. That mentality usually trickles down to the marketing of whatever product is being sold. When it comes to oil, Saudi Arabia and its state-run oil company, Saudi Aramco, have been the world’s leader in supplying customers across the globe. Beginning…

  • saudi arabia equtorial guinea economic forum
    Industry

    Saudi Arabia and Equatorial Guinea Come Together

    During an economic forum in Jeddah, Saudi Arabia and the West African nation of Equatorial Guinea came to an agreement on May 11 that brings the two countries together on a variety of business projects. One of those is an agreement that will help finance what will be the region’s largest terminal for oil storage….

  • saudi arabia owns largest american oil refinery
    Industry

    Saudi Arabia Now Fully Owns Largest American Oil Refinery

    Though the impact of Saudi Arabia within the American oil market has been diminished over time, their ability to maintain a very clear presence once again came into focus on May 1. That was when Saudi Aramco, the Kingdom’s state-run oil company, finalized an agreement to take complete control of the largest oil refinery in…

  • Saudis Benefits Back
    Industry

    Saudis Get Some of Their Benefits Back

    While the price of oil is still stuck in neutral, some signs exist in Saudi Arabia that the Kingdom has weathered the worst of the storm and is ready to start taking incremental steps in the months ahead. The reason stems from a decision by the Saudi government on April 22 to bring back the…

  • vision 2030 plan saudi arabia UK
    Industry

    Saudis and Brits Coming Together on Vision 2030 Plan

    The relationship between Saudi Arabia and Great Britain has been a long one that’s been intertwined through both business and politics for the past century. In early April, British Prime Minister Theresa May began a tour of Middle Eastern countries, with one of her first stops in the Kingdom. The basis of that specific visit…

  • Saudis Russians Oil Production Cut Extension

    Saudis and Russians Come Together on Oil Production Cut Extension

    The three-year slide of oil prices has delivered a major hit to the financial stature of Saudi Arabia, primarily because of their status as the world’s top oil producer. While that title has seemingly fluctuated in the past year with Russia, the economic punch that those two nations provide has the ability to provide an…

  • saudi arabia equtorial guinea economic forum

    Saudi Arabia and Equatorial Guinea Come Together

    During an economic forum in Jeddah, Saudi Arabia and the West African nation of Equatorial Guinea came to an agreement on May 11 that brings the two countries together on a variety of business projects. One of those is an agreement that will help finance what will be the region’s largest terminal for oil storage….

  • saudi arabia owns largest american oil refinery

    Saudi Arabia Now Fully Owns Largest American Oil Refinery

    Though the impact of Saudi Arabia within the American oil market has been diminished over time, their ability to maintain a very clear presence once again came into focus on May 1. That was when Saudi Aramco, the Kingdom’s state-run oil company, finalized an agreement to take complete control of the largest oil refinery in…