Saudi’s PIF invested in 50-60 firms via SoftBank fund: director
The Public Investment Fund, Saudi Arabia’s sovereign wealth fund, has invested in 50 or 60 companies via SoftBank Group’s Vision Fund and will bring most of those firms to the kingdom, managing director Yasir al-Rumayyan said on Tuesday.
Saudi Aramco to sign 15 deals worth more than $30 billion: state TV
Oil giant Saudi Aramco will sign 15 deals worth more than $30 billion, said Saudi state-owned TV Ekhbariya.
Saudi Arabia hopes OPEC and allies will ink new cooperation deal in December
Saudi Arabia hopes OPEC and other oil producers will sign a deal in December to extend cooperation to monitor and stabilize the oil market, said the kingdom’s energy minister on Tuesday.
Russian fund CEO says Saudi economic drive important for world
Saudi Arabia’s economic transformation plan is important for the world, the chief executive of the Russian sovereign wealth fund Russian Direct Investment Fund (RDIF) said on Tuesday.
Saudi Aramco CEO says bankers have not raised concerns about funding costs on SABIC deal
The chief executive of oil giant Saudi Aramco said on Tuesday that bankers had not expressed any concerns about a recent rise in Saudi funding costs ahead of the company’s potential acquisition of a stake in petrochemical firm Saudi Basic Industries Co…
Saudi to sign deals worth $50 billion in oil, gas and infrastructure
Saudi Arabia started signing deals worth more than $50 billion in sectors including oil, gas and infrastructure at an investment conference in Riyadh on Tuesday.
SoftBank CEO cancels speaking role at Saudi conference: source
SoftBank Group Corp Chief Executive Masayoshi Son has cancelled a speaking engagement at the Future Investment Initiative conference in Saudi Arabia, said a source close to the matter.
Saudi Aramco to sign 15 deals worth more than $30 billion: state TV
Oil giant Saudi Aramco will sign 15 deals worth more than $30 billion, said Saudi state-owned TV Ekhbariya.
Johnson & Johnson makes $2.1 billion offer to buy out Japan cosmetics firm Ci:z
U.S. healthcare conglomerate Johnson & Johnson said on Tuesday it will buy all outstanding shares of Japanese skincare firm Ci:z Holdings Co Ltd that it does not already own for 230 billion yen ($2.05 billion) in cash.
Shares sink toward one-year low as bears bite again
An ugly start to European trading pushed world shares towards their lowest level in a year on Tuesday, as negative drivers from Saudi Arabia’s diplomatic isolation to worries about Italy’s finances and trade wars piled on the pressure.
