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Saudis may work longer, pay more to Kingdom s pension fund: Report
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Saudis in talks to sell Aramco stake to global energy firm By By Vivian Nereim, Reema Alothman, Abeer Abu Omar and Matthew Martin on 4/28/2021
(Bloomberg) â Saudi Arabiaâs crown prince said the kingdom is in talks to sell a 1% stake in state oil giant Saudi Aramco to a âleading global energy companyâ as he forecast an economic rebound after the coronavirus pandemic.
The kingdom is looking at the potential sale which could be worth about $19 billion, based on the companyâs market value as a way to lock in customer demand for the countryâs crude, Crown Prince Mohammed Bin Salman said in a rare interview on a Saudi television channel late Tuesday. While providing few details on which company is involved in the talks, he said the sale could take place in the next two years.
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Jordan said it uncovered a plot to destabilize the kingdom that involved King Abdullah IIâs half-brother and extended beyond the countryâs borders.
The sibling, former Crown Prince Hamza Bin Hussein, worked in concert with foreign entities, Deputy Prime Minister Ayman Safadi said on Sunday, in a first official explanation of a string of arrests a day earlier. More than 16 people, including at least one other royal, were taken into custody, he said at a news conference in the capital, Amman.
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Jordan says King Abdullah s half-brother Prince Hamza was behind aborted coup attempt
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Weak oil prices pushed Saudi export revenue down 25% in October By Reema Alothman on 12/24/2020
(Bloomberg) Saudi Arabiaâs export revenue fell by nearly a quarter in October from a year earlier, driven largely by a slump in global oil prices.
Exports fell to 57.8 billion riyals ($15.4 billion) from 76.8 billion riyals in 2019, the General Authority for Statistics said in a statement on Thursday. Revenues from oil exports fell by 32.7% during the same period.
Below are some of the highlights from the October trade report:
Non-oil exports declined 0.3% to about 18.9 billion riyals, led by a slowdown in chemicals and related industries, where sales abroad dropped 12.5%
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