- Saudi Aramco chairman Yasir Al-Rumayyan was inducted into the RIL board in June in the run-up to this deal.
This is expected to be an all-stock deal, where Aramco will get a 20% share of RIL for about $20-25 billion worth of its own shares
Based on Aramco’s valuation of $1.9 trillion, the transaction would give RIL a 1 percent stake in Aramco
- The sovereign wealth fund is at the center of the kingdom's plans to transform the economy by creating new sectors...
During Q4 2020, PIF acquired 14.9 million shares of US video-game maker Activision.
Its other purchases last year included 7.4 million Electronic Arts shares and 3.9 million Take-Two shares worth about $1.1 billion and $826 million.
- Tabreed, the Dubai-listed National Central Cooling Company, will divest nearly 44 percent of its stake in Qatar District Cooling Company (Qatar...
Assets located in non-core market for the firm
The transaction is estimated to be around 417 million dirhams ($113.5 million) and will not have any “material impact” on the firm,
- The investment is a step towards achieving the 5 million barrels per day oil production capacity target by 2030, the...
The company will add 20 wells to the Al Nouf field and expand the use of water and gas injection to enhance oil recovery.
It has awarded the 39-month engineering, procurement and construction contract of the Nouf development to Robt Stone.
- The United Arab Emirates has cancelled all flights to Afghanistan, after Hamid Karzai International Airport in Kabul was overrun by...
Dubai carriers Emirates and flydubai earlier halted flights to Kabul until further noti
Military flights evacuating diplomats and civilians were taking off from Kabul on early Tuesday morning
- Restaurants can operate at 80 percent of their capacity and allow a maximum of 10 people at a table who...
Those fully vaccinated within the last six months-- vulnerable groups within the last three months-- only will be allowed to attend events.
A negative PCR test taken within the previous 48 hours will be required with an ‘E’ showing on the Al Hosn app.
- The handover portfolio includes the final phase of the Mirdif Hills Project in Dubai and the Al Taif Business Center...
The two projects together will provide more than 240,000 sq ft of commercial space with 100 retail units
There will also be over 280,000 sq ft of office spaces, more than 350 hotel rooms, and more than 1,200 residential and serviced apartments
- Pearl Polyurethane has appointed a new CEO as part of an ambitious growth plan to double the size of the...
Pearl Polyurethane has appointed a new CEO as part of an ambitious growth plan to double the size of the Dubai-headquartered company
Operating for over 25 years, the company has supplied polyurethane insulation foam systems for several trailblazing projects in the Gulf region





















