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Gulf Arab Region

U.S. sent troops to Saudi Arabia on defensive basis: Mnuchin

U.S. Treasury Secretary Steven Mnuchin said on Saturday U.S. troops were in Saudi Arabia on a defensive basis only and that the United States would end all sanctions on Iran when Tehran fulfilled necessary conditions. Mnuchin also told the Doha Forum conference that attacks on Saudi oil...

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...