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Saudi Arabia just stepped up plans to court the world's AI leaders to its desert kingdom

The Middle East kingdom is betting big on AI as it races against the clock to diversify its economy…

Hasan Chowdhury   


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Oil giant Saudi Aramco points to lower crude prices as profits plunge 38% in the 2nd quarter

The state-run energy major reported about $30 billion in net profits last quarter, down sharply fro…

Phil Rosen   


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Saudi Aramco, the world's largest oil company, announces record profit of over $161 billion for 2022

The Saudi Arabian Oil Company, commonly referred to as Saudi Aramco, posted a record profit of $161…

Aaron McDade   


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Saudi oil giant Aramco's net income rose by 124% in 2021

The Saudi Aramco announced that its net income in 2021 rose by 124 per cent, reaching $110 billion.…

Huileng Tan   


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Reliance-Saudi Aramco $15 billion deal is going through due diligence before final decision

Amin Nasser, CEO, Saudi Arabian Oil Company commented on the status of the potential transaction…

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Reliance's $15 billion deal with Saudi Aramco has been called off

Consequently, the current application with the NCLT (National Company Law Tribunal) for segregat…

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Saudi Arabia's oil giant boss speaks up for China, saying its massive production of solar panels and EVs helps affordability

The comments come as the West has stepped up criticism of China's dumping of cheap green products o…

Huileng Tan   


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Saudi Aramco says the world is totally misreading the oil market and too focused on 'short-term economics'

The world's biggest crude producer said the oil market is focused "on short-term economics rather t…

Brian Evans   


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Saudi Aramco says the world is totally misreading the oil market and too focused on 'short-term economics'

The world's biggest crude producer said the oil market is focused "on short-term economics rather t…

Brian Evans   


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Saudi Aramco profits soar 39% in the third quarter to $42 billion, fueled by higher global crude prices

Saudi Aramco posted a 39% jump in profit in the third quarter to $42.4 billion, thanks to rising oi…

Zahra Tayeb   


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Reliance Industries’ investors dump shares after Mukesh Ambani's Aramco deal fails after 27 months of negotiations

Meanwhile, shares of RIL have doubled between the announcement of the deal and its recent peak…

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Saudi Aramco chief is 'seriously concerned' that a rebound of the global economy will kill off any spare oil capacity

An economic rebound could absorb what little spare oil is out there and deepen the world's energy c…

Jennifer Sor   


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Elon Musk says Tesla can surpass the combined value of Apple and Saudi Aramco, the world's 2 most valuable companies

Musk's claim comes after Tesla posted a bumper third-quarter profit. Tesla would have to grow by ab…

Huileng Tan   


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Elon Musk says Tesla can surpass the combined value of Apple and Saudi Aramco, the world's 2 most valuable companies

Musk's claim comes after Tesla posted a bumper third-quarter profit. Tesla would have to grow by ab…

Huileng Tan   


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Saudi Aramco's profits shoot up 90% to another record as the energy crisis sends oil prices soaring

Saudi Arabia's state oil company brought in $48.4 billion in the second quarter, nearly as much as …

George Glover   


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Saudi Aramco says its energy transition is not delivering and launches a $1.5 billion fund for a more 'realistic' plan

Saudi Aramco is investing $1.5 billion in a new energy transition plan as chief executive Amin Nass…

Brian Evans   


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Saudi Aramco loses title of world's most profitable company to Apple as 2020 profits sink to $49 billion

The world's largest oil company said that despite the results, it plans to pay out its full-year di…

Matthew Fox   


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The global energy crisis will get worse if aviation and China put more pressure on an already under-invested sector, Aramco CEO says

"If the aviation industry picks up speed, you are going to have a major problem," Saudi Aramco CEO …

Brian Evans   


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'The worst is behind us': The CEO of Saudi oil giant Aramco says demand will surge back at the end of 2020

Amin Nasser said: "I'm very optimistic about the second half of this year, due to higher than expec…

Saloni Sardana