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Saudi Aramco eclipses Alibaba for world's largest IPO

Agence France-Presse
Posted at Dec 06 12:38 PM

Saudi Arabia's state oil company Aramco launched its initial stock offering on Thursday, pricing at the high end of the target range and raising $25.6 billion, two sources told AFP.   Read more »

Saudi Aramco pursues war cover after attacks -sources

Carolyn Cohn, Stephen Kalin and Marwa Rashad, Reuters
Posted at Dec 05 02:22 AM

LONDON/RIYADH - Saudi Aramco is looking to buy insurance against war and terror attacks after a damaging drone and missile attack on some of its oil facilities in September, two sources told Reuters.   Read more »

US, France vie to bolster Gulf security after Saudi oil attack

Stephen Kalin and Ghaida Ghantous, Reuters
Posted at Nov 24 08:38 AM

XThe United States and France are boosting Saudi Arabia's radar systems following crippling drone and cruise missile attacks on Saudi oil infrastructure in September, which Washington blames on Iran.   Read more »

Aramco declares $1.71 trillion valuation in blockbuster IPO

Anuj Chopra, Agence France-Presse
Posted at Nov 18 08:21 AM

Saudi Arabia on Sunday put a value of up to $1.71 trillion on energy giant Aramco in what could be the world's biggest IPO, but missed Crown Prince Mohammed bin Salman's initial target of $2 trillion.  Read more »

Saudi Aramco prospectus flags risks, gives few details on IPO size

Reuters
Posted at Nov 10 08:35 AM

Saudi state oil giant Aramco will sell 0.5 percent of its shares to individual retail investors and the government will have a lockup period of a year on further share sales after the initial public offering, its prospectus said on Saturday.   Read more »

Saudi Aramco kick-starts what could be world's biggest IPO, offers scant details

Rania El Gamal, Marwa Rashad, Saeed Azhar and Davide Barbuscia, Reuters
Updated as of Nov 04 08:24 AM

Saudi Arabia's giant state oil company finally kick-started its initial public offering (IPO) on Sunday, announcing its intention to float on the domestic bourse in what could be the world's biggest listing as the kingdom seeks to diversify its economy away from oil. Read more »

The ANC Brief: Self-restraint in the disputed waters

ABS-CBN News
Posted at Nov 04 04:00 AM

Trade and maritime issues dominate the ASEAN Summit in Thailand. Here are the big stories making the headlines on ANC today. Read more »

Saudi Arabia approves listing of energy giant Aramco

Agence France-Presse
Posted at Nov 03 04:08 PM

Saudi regulators on Sunday approved state energy giant Aramco's request to make its stock market debut, firing the starting gun on the highly anticipated offering which could be the world's largest. Read more »

Saudi Crown Prince approves announcement of Aramco IPO on Sunday, say sources

Reuters
Posted at Nov 02 07:22 PM

Saudi Arabia's Crown Prince Mohammed bin Salman on Friday agreed that the initial public offering of state oil giant Aramco will be announced on Sunday, five sources familiar with the matter told Reuters. Read more »

Saudi Aramco aims to begin planned IPO on Nov. 3 -source

Hadeel Al Sayegh, Davide Barbuscia and Saeed Azhar, Reuters
Posted at Oct 29 10:16 PM

Aramco is looking to float a 1 to 2 percent stake on the kingdom’s Tadawul market, in what would be one of the largest ever public offerings, worth upwards of $20 billion. Read more »

Aramco hopes to repair remaining damage from attacks by end-Nov

Olesya Astakhova, Reuters
Posted at Oct 13 08:09 AM

Oil major Saudi Aramco hopes to fix by the end of November the last four key pieces of equipment damaged during attacks last month, in a move to allow it to fully regain production capacity, company officials said on Saturday. Read more »

Saudi Aramco hits out at lack of resolve over attacks

Agence France-Presse
Posted at Oct 10 12:59 AM

The head of Saudi Aramco hit out Wednesday at the lack of global resolve to stop attacks on more oil installations, one month after strikes on two of its facilities.   Read more »

THE DAY IN PHOTOS: September 23, 2019

ABS-CBN News
Posted at Sep 23 11:35 PM

Here are the day's big stories in photos. Read more »

Bracing for an increase

Mark Demayo, ABS-CBN News
Posted at Sep 23 09:24 PM

A jeepney driver reacts as he fuels up in Marikina on Monday a day before oil firms implement the highest price hike for the year so far. Read more »

Iran issues ‘battlefield’ warning, as US deploys troops

Amir Havasi, Agence France-Presse
Posted at Sep 22 12:56 AM

Tensions escalated between Iran and the US after the attacks on Saudi energy giant Aramco's Abqaiq processing plant and Khurais oilfield halved the kingdom's oil output. Read more »

Saudi Aramco has emerged from attacks "stronger than ever" - CEO

Rania El Gamal and Maher Chmaytelli, Reuters
Posted at Sep 21 05:29 PM

Saudi Aramco has emerged from attacks on its oil facilities "stronger than ever," Chief Executive Amin Nasser told employees in a message, adding that full oil production would resume by the end of this month. Read more »

US sending more troops to Gulf, Trump announces Iran sanctions

Agence France-Presse
Posted at Sep 21 12:03 PM

The United States announced Friday that it was sending military reinforcements to the Gulf region following attacks on Saudi oil facilities that it attributes to Iran, just hours after President Donald Trump ordered new sanctions on Tehran. Read more »

Iran warns against war as US, Saudi weigh response to oil attack

Tuqa Khalid and Stephen Kalin, Reuters
Posted at Sep 19 08:22 PM

Iran warned US President Donald Trump on Thursday against being dragged into all-out war in the Middle East following an attack on Saudi Arabian oil facilities which Washington and Riyadh blame on Tehran. Read more »

US, Gulf allies discuss response to Saudi oil attack blamed on Iran

Stephen Kalin and Maha El Dahan, Reuters
Posted at Sep 19 06:07 PM

The United States has discussed with Saudi Arabia and other Gulf allies possible responses to an attack on Saudi oil facilities they blame on Iran and which US Secretary of State Mike Pompeo described as an act of war on the kingdom. Read more »

Gov't urged to suspend excise taxes on fuel following Saudi oil facility attacks

ABS-CBN News
Posted at Sep 18 11:30 PM

Various groups are calling on the government to suspend excise taxes on fuel as oil prices soar after the Saudi attacks. Read more »