RIYADH — The Public Investment Fund (PIF) announced on Monday that its total assets surged to SR4.231 trillion ($1.15 trillion) in 2024, marking an 18% increase from SR3.664 trillion ($976 billion) the previous year.
The figures, published through (...)
RIYADH — The Saudi security authorities have arrested 20 drug smugglers in massive security operations carried out across the Kingdom within the last 24 hours. Those arrested include citizens and violators of border security regulations. The arrests (...)
DHAHRAN — Saudi Aramco announced on Thursday the launch of the Regional Center for Sustainable Development of Fisheries (RCSDF) on Abu Ali Island in Jubail on the Arabian Gulf coast. The center, the Arabian Gulf Branch, was established in (...)
DHAHRAN — Saudi Aramco shares rose 1.76% in the first trading session of the week on the Saudi Stock Exchange (Tadawul), supported by a sharp rise in oil prices following the escalation of hostilities between Israel and Iran.
Aramco closed at (...)
MINA — A renowned Saudi university professor was stabbed to death by an Egyptian resident. The scholar's wife sustained serious injuries due to multiple attacks by the assaulter who was later arrested, according to the spokesman of the Eastern (...)
DHAHRAN — Saudi Aramco has announced the completion of a $5 billion issuance of bonds across three tranches under its Global Medium Term Note Program.
According to Aramco, the tranches include $1.5 billion in senior notes maturing in 2030 with a (...)
DHAHRAHN — In 1933, a historic agreement between Saudi Arabia and Standard Oil of California (Socal) marked the beginning of a partnership that would reshape the Kingdom's future and elevate it to global energy prominence.
The oil concession granted (...)
DHAHRAN — Saudi Aramco reported on Sunday a net income of $26.0 billion for the first quarter of 2025, compared to $27.3 billion in the same period last year, as global economic uncertainty and energy market conditions affected crude oil prices and (...)
DHAHRAN — US Secretary of Energy Chris Wright and his accompanying delegation, accompanied by Saudi Minister of Energy prince Abdulaziz bin Salman, visited Saudi Aramco's headquarters in Dhahran as part of his official visit to Saudi Arabia.
Upon (...)
DHAHRAN — The "Victory Spears 2025" military exercise began at the Air Warfare Center in Dhahran on Monday. Various branches of the Saudi Armed Forces, the Ministry of National Guard, the Presidency of State Security (PSS), and forces from 15 (...)
DHAHRAN — Minister of Energy Prince Abdulaziz bin Salman unveiled Saudi Arabia's plans to enrich and sell uranium. "Saudi Arabia plans to invest in all minerals, including uranium. We will enrich it and sell it," he said while addressing the iktva (...)
DHAHRAN — Saudi Aramco President and CEO Amin Nasser revealed that the company aims to increase energy production by 70 percent to create more jobs in Saudi Arabia. "Since 2015 until now, Saudi Arabia has established more than 500 factories. During (...)
RIYADH — The security authorities have arrested 12 drug smugglers and dealers after foiling their attempts to smuggle in huge quantities of drugs.
The General Directorate of Narcotics Control arrested two Saudi citizens in Al-Jouf region for (...)
DAMMAM — Prince Saud bin Naif, emir of the Eastern Province, underscored the Saudi leadership's commitment to empowering women across various sectors. Inaugurating the Women's Economic Forum 2024 at the Eastern Chamber's headquarters in Dammam on (...)
The Heavy Equipment and Truck Show (HEAT) announced the participation of Tata Motors, a leading global automotive manufacturer at this year's event.
Scheduled to take place from 18-21 November at the Dhahran Expo in Dammam, Tata Motors will showcase (...)
DHAHRAN — Saudi Aramco announced on Tuesday its financial results for the third quarter of 2024, reporting strong results driven by solid operational performance, with a net income of SR103.4 billion, compared to SR122.2 billion in the third quarter (...)
DHAHRAN — President and CEO of Saudi Aramco Eng. Amin Al-Nasser called for an updated energy transition plan that would be version 2.0 of the current plan that has proven unsuccessful. The new plan should take into account the needs of all (...)
DHAHRAN — Saudi Aramco has announced agreements with major Chinese partners during the visit of a high-level Chinese delegation to Saudi Arabia. The delegation is led by Chinese Premier Li Changkang.
The new agreements will enhance the company's (...)
JEDDAH — Saudi Arabia is witnessing an exceptional summer season with the continued rainfall, accompanied by showers of hail and active winds in several regions. The southwestern coastal city of Jazan recorded last Friday the highest amount of (...)
DHAHRAN — Saudi Aramco has announced the launch of Olfa Animal Care Company, a non-profit initiative dedicated to sheltering stray animals, providing veterinary healthcare, and controlling their breeding.
The company's mission also includes raising (...)
DHAHRAN — Saudi Aramco, one of the world's leading integrated energy and chemicals companies, has signed definitive agreements to acquire ownership stakes in Blue Hydrogen Industrial Gases Company, a wholly-owned subsidiary of Air Products Qudra, (...)
DHAHRAN — Minister of Energy Prince Abdulaziz bin Salman said that the Jafurah gas field project will provide Saudi Arabia with about two million cubic feet of gas per day, which will be used at peak times. He said that the Kingdom's gas production (...)
Aramco, one of the world's leading integrated energy and chemicals companies, has made further progress in its global retail expansion by completing the acquisition of a 40% equity stake in Gas & Oil Pakistan Ltd. (GO).
GO is a diversified (...)
DHAHRAN — Saudi Crown Prince and Prime Minister Mohammed bin Salman met with U.S. National Security Advisor Jake Sullivan to review nearly finalized strategic agreements between Saudi Arabia and the United States, Saudi Press Agency (SPA) reported (...)
The net income for the first quarter of 2024 for Saudi Aramco, the world's leading energy company, was $27.3 billion, compared to $31.9 billion in the same period last year.
The company also reported robust cash flow from operating activities, (...)
