Search

Saudi Arabia

The decision to hand Sindalah to John Pagano (above) reflects his standing as one of the more proven executives in the kingdom’s sprawling sovereign wealth fund ecosystem.

Red Sea Global aims to bring troubled Saudi luxury island ‘back to life’

The multibillion-US dollar Sindalah development has never opened to the public despite a VIP launch party in 2024

Saudi Arabian Prince Alwaleed Talal first threw his lot in with Elon Musk in 2022.

Companies & Markets

SpaceX surge further boosts Saudi billionaire prince’s fortune

Alwaleed Talal’s investment firm holds 42.4 million shares in SpaceX, valued at US$6.8 billion

The fund is increasingly prioritising businesses that generate steady returns, while supporting the domestic economy.

Saudi’s US$1 trillion wealth fund weighs creating a logistics giant

This involves combining parts of its sprawling portfolio of ports, rail and shipping assets into a single entity

A satellite view of smoke billowing at a Saudi Aramco oil facility after a reported attack, following the announcement of a two-week ceasefire in the Iran war.

Saudi Arabia launched covert attacks on Iran as regional war widened: sources

Teheran was told of the strikes

On May 5, Aramco set the official selling price of June Arab Light crude oil to Asia at a premium of US$15.50 a barrel, down from US$19.50 in April.

Saudi crude exports to China set for record low in June amid high prices, sources say

Its state oil giant Aramco will ship about 10 million barrels to Chinese customers for the month

Aramco said it benefited from higher prices of crude oil, refined fuels and chemical products during the quarter.

Energy & Commodities

Saudi Aramco’s Q1 profit up 26% after Iran war-driven oil price rise

A key pipeline that connects its oil fields in the east to Yanbu port ‘has proven itself to be a critical supply artery’

The Shanghai office was set up to enhance the PIF’s ability to do outbound deals in China.

Wealth & Investing

Saudi wealth fund PIF opens Shanghai office to facilitate China dealmaking

The plans will deepen Riyadh’s ties with Beijing

Aramco uses the Dubai and Oman oil benchmarks to price its crude.

Energy & Commodities

Saudi Arabia cuts oil prices for June from record-high premium

Global benchmark Brent has increased by more than 50% since the conflict started at the end of February

The UAE today is not a pure petrostate. Thus, while high oil prices will boost the country's oil revenue, they also hurt the global economy that drives the rest of the Emirati portfolio.

Opinion & Features

THE BOTTOM LINE

Why the United Arab Emirates walked away from Opec

The economic logic of the decision is just as important as the political one

The United Arab Emirates has dealt a severe blow to Opec with its plans to quit the oil cartel.

COMMENTARY

UAE’s Opec exit: Shockwaves will be felt beyond oil prices

Cartel crack-up reflects growing friction and regional rivalry between the Saudis and the Emiratis

Latest T-bills Treasury Bills Results & Interest News Latest SSB Singapore Savings Bonds News Latest COE Certificate of Entitlement News

Latest Johor-Singapore SEZ News Latest BTO Build To Order & Sales of Balance News Latest STI Straits Times Index News Latest SGX Dividends, Share Price News Latest Bonds Market News Latest Singapore Stocks To Buy News Latest Singapore Economy News

View More