When does fish, chips and mushy peas become an unaffordable luxury? Opinion When prices rise so high and budgets get so tight, consumers adjust their habits permanently. This is looming in the energy markets as the closure of the Strait of Hormuz will not be resolved any time soon, says Helen Thomas As Ryan, the owner of Harrison’s Fish and Chip shop, said to me on Friday [...]
Why doesn’t Saudi Arabia sponsor rugby when it invests everywhere else? Sport Business If you were going to have a gander through the list of sports sponsorship deals related – directly or indirectly – to the Kingdom of Saudi Arabia, you’d be scrolling for a good while. Because research by Play the Game reports that there’s a total of 910 deals between Saudi Arabia or Saudi companies/individuals and [...]
Saudi Arabia: The proposed stadiums of the 2034 Fifa World Cup Sport Business Saudi Arabia is probably going to be hosting the 2034 Fifa World Cup. They are the only bidder at the moment and the process has closed, so it’s odds on. And, unsurprisingly, they’ve gone all out in their stadium design. This week their respective delegation submitted their bid with renders of the proposed stadiums. Take [...]
Saudi Aramco looks to China as annual profit dives (to, err, £94bn) March 10, 2024 Saudi Aramco Chief Executive Amin Nasser said on Sunday the oil giant was looking at further opportunities to invest in China, where he said oil demand was robust and growing. State-owned Aramco has been ramping up its China presence in a string of deals in refining and petrochemicals, some of them with crude offtake agreements attached. “So far we [...]
Saudi Aramco production cut prompts questions about future oil demand January 30, 2024 Saudi Aramco said today that it will cancel a planned production boost after receiving orders from Saudi Arabia's energy minister.
Saudi Aramco nearing $5bn tender decision on world’s largest offshore oilfield January 3, 2024 Indian engineering firm Larsen & Toubro (L&T) is the favourite to win an initial construction agreement
Aramco sustains payouts to investors as profits slide to just £26.5bn November 7, 2023 Saudi Arabia has slash=ed oil output to prop up prices alongside OPEC allies
Saudi Arabia’s PIF extends sponsorship of Aramco Team Series in women’s golf July 13, 2023 Saudi Arabia’s Public Investment Fund has announced an extension of its sponsorship of the Aramco Team Series in women’s golf. The PIF will be presenting partner for the Aramco Team Series for a further three years, while its non-profit organisation the FII Institute has also signed a strategic partnership with the string of tournaments on [...]
Saudi Aramco’s profits slide to £25bn as world’s largest energy company is dragged down by lower oil prices May 9, 2023 Saudi Aramco reported a clear dip in earnings over the first three months of the year, blaming lower global oil prices for reduced profits.
Aramco-backed halal fintech opens bank branch in London despite high street bank exodus January 24, 2023 Aramco is backing American fintech Wahed as it launches a physical bank in London. However, concerns of a high street bank exodus place question marks over the branch’s future success. Wahed’s first UK-based physical bank, which opens its doors today on Baker Street, has scored £61m ($75m) from the Saudi Arabian oil giant together with [...]