Saudi Arabia


Saudi Arabia will extend its very-high-speed trains supply contract with Talgo

Renta 4 | Saudi Arabia will extend the contract it has with Talgo for the supply of very-high-speed trains, according to press reports. The possible new contract would cover the supply of 20 new very-high-speed trains for an amount close to 800 million euros. Valuation: If this news is confirmed, we would value it very positively. The amount of the contract would double the firm’s current manufacturing portfolio of around725…


Saudi Arabia’s New Tourism Roadmap To Challenge Jordan And Egypt

By Juan Girón Roger ( journalist). Text and pictures | The trade show for Arabic travel and tourism, the Arab version of Fitur, started in Dubai in May 9 and will continue on virtual format until May 19. Recovery, the role of technology for a renewal of travel and personalization for the traveler experience were the buzzwords there. They have what it takes –spectacular projects and huge budgets to make…

Oil gap between Brent and West Texas

G20 leaders, don’t buy the spin: Saudi Arabia’s real changemakers are in jail

Amnesty International | G20 leaders attending this weekend’s virtual summit hosted by Saudi Arabia must take the Saudi authorities to task for their shameless hypocrisy on women’s rights, Amnesty International said today. Women’s empowerment features prominently on Saudi Arabia’s G20 Agenda, despite the fact the activists who spearheaded campaigns for women’s rights are languishing in jail or facing trial. 


Saudi Arabia’s Sovereign Wealth Fund Also Buys Shares in Repsol Amid The Crisis

The increase in WTI to $15.1/barrel and Brent to $22.22/barrel has boosted Repsol’s shares, which were trading today 2.06% higher. Despite this small respite, the Spanish oil firm has not been able to escape the latest moves of the Saudi Arabian sovereign wealth fund and is amongst the big European oil companies included in a list of stock market forays on the part of the Public Investment Fund (PIF) over the last few weeks, reported Financial Times.

Russian oil 777x400 1

Saudi Arabia And Russia: Who Will Back Down First?

Eirini Tsekeridou (Julius Baer) | Oil prices have declined massively over the last weeks, as Russia and Saudi Arabia could not reach an agreement regarding output cuts. Saudi Arabia is trying to punish Russia, while Russia is seeking to hurt US oil producers due to US sanctioning of Russian companies. US shale producers, especially the highly leveraged ones, will face default as their breakeven price is about USD 50 per barrel.

MSCI, S&P Dow Jones and FTSE Russell could fast-track Aramco into their indices soon after the IPO

MSCI, S&P Dow Jones And FTSE Russell Could Fast-Track Aramco Into Their Indices Soon After The IPO

E-Toro | Saudi Arabia’s state-owned oil company, Saudi Aramco will be listed on the Saudi Stock Exchange (Tadawul) later this week on December 11th. Furthermore, the oil company is expected to price its initial public offering Thursday at the high end of the targeted range to give the oil giant a total value of $1.7 Tr. This would be the world’s biggest-ever IPO. These are the pros and cons we found about the firm.

Aramco is ready for its initial public offering in the second half of 2018

Aramco A Cornerstone Of Sovereign Creditworthiness

Saudi Arabian Oil Co. is ready for its initial public offering in the second half of 2018. Bloomberg published on Friday selected data from what it reported to be the company’s 1H17 IFRS financial statement. However, Saudi Aramco said in a statement these were “inaccurate”. If the reported data is accurate, BoAML’s experts make the following observations based on already published fiscal data.