Saudi Arabian oil firm Aramco and petrochemical firm SABIC will lead and represent 60% of the $1.3tn investments by the local private sector, as announced by Saudi Arabia’s Crown Prince Mohammed bin Salman. The aim is to mobilize the private sector of Saudi Arabia in...
Saudi Aramco reported its financial results with a 44% fall in net profits to SAR 183.76 ($49bn) for the year 2020. Reuters reports that the fall in Aramco’s profits compares with the Saudi government’s 30.7% decline in oil revenues last year as the company continued...
