Saudi Aramco completes acquisition of 100% equity stake in Chile’s Esmax

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CAIRO: Startup momentum in the Middle East and North Africa region is on the rise, with the eagerly awaited technology event LEAP24 just around the corner.   Regional venture capitals have replenished their funds and burgeoning enterprises have secured financing – preparing Riyadh’s ecosystem for a significant entrepreneurial uplift from March 4 to 7. US-based … Read more

Aramco signs procurement agreements worth $6bn to enhance local supply chain

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RIYADH: Saudi Aramco’s domestic supply chain is poised for further improvement as it signed procurement agreements worth $6 billion with suppliers in the Kingdom.  According to a press statement, these 40 procurement agreements were inked as a part of the company’s strategic localization program and are expected to strengthen the firm’s supply chain ecosystem and … Read more

Energy transition not just confined to climate change, says Aramco official 

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RIYADH: Energy security and equitable transition should be prioritized along with climate change as the world sails toward a sustainable future, according to an Aramco official.  Speaking at a panel discussion during the Saudi Capital Market Forum in Riyadh on Tuesday, the vice president of energy and economic insight at Saudi Aramco, Musaab Al-Mulla, said … Read more

Saudi Aramco may issue long-term bonds in 2024r: top executive

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RIYADH: Innovation is a priority for HSBC Saudi Arabia as it aims to enhance its offerings, according to the bank’s CEO. Faris Al-Ghannam, CEO and board member of HSBC Saudi Arabia, provided a comprehensive overview of the financial institution’s prospective plans, along with the Kingdom’s economic landscape and the investment opportunities it presents.  In an … Read more

Thailand’s Patty Tavatanakit keeps her cool to take victory at Aramco Saudi Ladies International in Riyadh

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DUBAI: Tennis is fast becoming a popular sport in Saudi Arabia with thousands of young people, including women and girls, signing up to clubs and taking part in tournaments across the Kingdom, Arij Mutabagani, president of the Saudi Tennis Federation, has said. Appearing on Arab News’ current affairs show “Frankly Speaking,” Mutabagani said one only … Read more

Floods fail to dampen Hull’s performance at Aramco Saudi Ladies International

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RIYADH: Englishwoman Charley Hull moved back into contention in the Aramco Saudi Ladies International Presented by PIF with a 4-under-par 68 on Saturday, despite her hotel room flooding during the night. The world No. 8 ended the day in a share of third on 7 under for the tournament. But it was not all plain … Read more

Lexi Thompson poised to make an impact at Aramco Saudi Ladies International

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Riyadh: Saudi Arabia was the “new fight capital of the world” the CEO of the world’s second-largest mixed martial arts organization said ahead of the sport’s first major event in the Kingdom. The fight meeting in Riyadh on Feb. 24 will also make history as it will be the first to bring together stars from … Read more

Five reasons not to miss Aramco Saudi Ladies International

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Anticipation abounds ahead of this week’s restart of the 2023-2024 Roshn Saudi Pro League. The six-week interlude for the 2023 AFC Asian Cup saw managerial changes, eye-catching player acquisitions and noteworthy exits. Arab News provides a breakdown of the 16 clubs as they head into Thursday’s resumption, including their key winter business and outlook for … Read more

Saudi Aramco starts trading US crude that helps set Brent oil benchmark

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Global government leaders at UAE summit urged to support private business strategies, control AI DUBAI: Global government leaders have been urged to provide a safe space for the private sector to innovate while regulating the rapid development of artificial intelligence. The advice and warnings were delivered during sessions held at the World Governments Summit in … Read more

Aramco eyes production of all energy sources, CEO says

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RIYADH: Achieving global power security is everyone’s responsibility, according to Saudi Energy Minister Prince Abdulaziz bin Salman.  Speaking at the International Petroleum Technology Conference in Dahran on Feb. 12, the minister said that the Kingdom is continuously working toward ensuring market stability.  He added that Saudi Arabia has significant surplus oil production capabilities. “We are … Read more