Recent Posts

Saudi Aramco IPO to offer stake in all operations of company

  Bloomberg The world’s biggest oil company is planning to sell shares in the entire business and not just in its refining or distribution operations, its chief executive officer said in an interview. Saudi Arabian Oil Co., known as Saudi Aramco, will announce “very soon” a list of investment banks and consultants advising it on the initial public offering, CEO ...

Read More »

Trafigura aims to boost metals trading with post-sanctions Iran

Bloomberg Trafigura Group Ltd., the second-biggest metals trader, wants to increase business with post-sanctions Iran. The Singapore-based trading house is seeking to hire a Persian-speaking executive for its refined metals division to work with its traders to “identify, analyze, assess and propose business opportunities in the Arabian Gulf, especially within the rapidly changing Iranian market,” according to a job posting ...

Read More »

IMF board may approve $12bn Egypt loan accord by November

  Bloomberg The International Monetary Fund said its board may be able to approve a $12 billion accord with Egypt by early November, as the country seeks alternative sources of financing to complement the IMF loans. Egypt is making “very good progress” on obtaining about $5 billion to $6 billion of additional funds, and is discussing the issue with Saudi ...

Read More »
Send this to a friend