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Gulf Arab Region

Saudi Aramco market value tops $2 trillion

Energy giant Saudi Aramco's market value soared above $2 trillion on Thursday as its share price surged again on its second day of trading. The valuation milestone was sought by Saudi Crown Prince Mohammed bin Salman when he first floated the idea of selling up to five percent of Aramco,...

Saudi Aramco shares to begin trading after world's biggest IPO

Saudi Aramco's shares begin trading domestically on Wednesday, after the energy behemoth raised $25.6 billion in the world's biggest initial public offering. Aramco has priced its IPO at 32 riyals ($8.53) per share, the high end of the target range, surpassing the $25 billion raised by...

Saudi king calls for Gulf Arab unity to confront Iran

Saudi Arabia's King Salman opened a Gulf Arab summit Tuesday by calling for regional unity to confront Iran and secure energy supplies and maritime channels. "Our region today is passing through circumstances and challenges that require concerted efforts to confront them as the Iranian...