Please wait...
GulfBase Live Support
- Oman's Islamic finance industry set to reach $45bn this year, says Fitch
- MSX index records seventh straight monthly gain, up 7.9% in January
- Gulf Bank reports net profit of KD 52.4 million for full year 2025
- Gulf Bank participates in Al-Bayan Bilingual School carnival to support financial literacy
- OPEC+ agrees to keep oil output unchanged
- QNB: Macro environment still positive for emerging market in 2026
- QFC introduces 'targeted incentives' as it returns to Web Summit 2026
- UAE's non-oil foreign trade exceeds Dh3.8 trillion for first time in history
- Gold, silver panic sell-off in UAE driven by profit-booking, say jewellers
- GWC inks strategic collaboration with EU cloud platform Apify
29/03/2018 08:00 AST
Saudi Aramco finalized a deal on Wednesday with Malaysian state energy company Petroliam Nasional Berhad (Petronas) to invest in a refinery project off Malaysia.
The Saudi oil giant agreed in February last year to buy a $7 billion stake in Petronas' Petrochemical Integrated Development (RAPID) project, but the issue was then delayed by "technical issues."
RAPID is a $27 billion project located between the Malacca Strait and the South China Sea, a conduit for Middle East oil and gas bound for China, Japan and South Korea.
The two companies said in a statement that they signed the deal on Wednesday, but did not confirm the value of Aramco's investment.
Saudi Aramco will supply
50 percent of the refinery's crude oil with an option of increasing it to 70 percent, the statement said.
The development will contain a 300,000 barrel-per-day oil refinery and a petrochemical complex with a capacity of 7.7 million metric tons a year. Refinery operations are set to begin in 2019, with petrochemical operations to follow about 6-12 months afterward.
Arab News
28/01/2026
Saudi Aramco saw on Monday a strong demand in the first hours after the company offered indicative pricing for four-tranche dollar-denominated bonds, with combined order books for its 3-year, 5-year,
Asharq Al Awsat
23/01/2026
Global oil ?glut predictions are seriously exaggerated ?as demand growth ?remains strong and global oil stocks are ?depleted, Amin Nasser, chief executive ?of Aramco, the world's biggest ?oil produce
Reuters
21/01/2026
The CEO of Saudi Aramco, Engineer Amin Nasser, on Tuesday revealed fundamental transformations in the company's financial and operational performance thanks to the adoption of artificial intelligence
Asharq Al Awsat
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| ADNOCGAS | 3.36 | 0.02 (0.59 |
| ADNOCDRILL | 5.49 | 0.09 (1.66 |
| BAHRI | 29.50 | 0.00 (0.00 |
| ADES | 16.97 | 0.12 (0.71 |
| NMDCENR | 2.40 | 0.01 (0.41 |
02/02/2026
Saleh Abdulaziz Al Rashed & Sons Company, a leading provider of construction materials, mining and industrial spare-parts solutions based in Saudi Arabia, said on Sunday it set a price range of SAR45
Trade Arabia
02/02/2026
Gulf Bank KSCP ("Bank") announced its financial results for the full year ending December 31, 2025. The Bank reported a net profit of KD 52.4 million for the full year 2025, with an earning per share
Kuwait Times
02/02/2026
As part of its ongoing commitment to community engagement, youth empowerment, and financial literacy, Gulf Bank participated in the Al-Bayan Bilingual School Carnival, reaffirming its strategic focus
Kuwait Times
02/02/2026
Qatar National Bank (QNB) said the global macroeconomic framework for 2026 remains supportive of emerging market (EM) assets, despite ongoing volatility. The bank emphasized the growing importance of
QNA
02/02/2026
Gulf Warehousing Company (GWC), one of the region's leading logistics providers, has sealed a strategic collaboration with Apify, a European cloud platform specializing in web data extraction, automa
Trade Arabia
Financial Information Co.
Saudi Arabia