Archive

Your Loss, My Gain

The Hormuz closure is costing the Gulf dearly, but Bahri and Petro Rabigh are cashing in, ADES is going global and Investcorp is buying.

Fed Holds Rates but Signals Hikes, Keeping Saudi Loans Expensive

The riyal's dollar peg means a decision in Washington lands straight on Saudi mortgages, company loans and savings.

Investcorp’s $500 Million Fund Buys Into Saudi Firm REDA

While foreign money waits out the conflict, a Gulf private equity giant is buying into a Saudi fire-safety firm, and buyers now hold the upper hand.

Oil Driller ADES Lands $52 Million Angola Extension

Indonesia one day, Angola the next: the Saudi driller now earns almost two-thirds of its revenue abroad.

Aramco’s Red Sea Refiner Swings to a $686 Million Profit

With Hormuz shut, Aramco's Red Sea refinery is selling into a starved market, and the stake Aramco bought a year ago is worth more than double.

Talking the Talk

Saudi Arabia, Turkey and Pakistan came back from Tehran with an agreement to keep talking, and Saudi stocks are knocking on 10,000.

Aramco Lines Up $10bn Loan as Conflict Threatens Exports

Higher Utility Bills Start Worrying Saudi Manufacturers