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Matthew Martin

Mint Author

ARTICLES BY MATTHEW MARTIN

Since taking office, Biden has only spoken with King Salman, Prince Mohammed’s father, and refused to deal directly with the crown prince, who’s still seen as a pariah in the US after the killing of Washington Post columnist Jamal Khashoggi in 2018 (Photo: Via Reuters)

Flush with cash, Saudi prince snubs Biden and sends a message

10 min read . 24 Nov 2021

STV, a venture capital firm, was formed by ex-Google executive Abdulrahman Tarabzouni in 2017

Ex-Google executive raising $1 billion Middle East tech fund

1 min read . 21 Oct 2021

Aramco, the world’s largest oil producer, is so big that it easily dwarfs the rest of the companies in the Saudi market, which have a combined value of about $500 billion (Photo: Reuters)

Saudi Aramco surges 10% in trading debut to hit $1.88 trillion market value

4 min read . 11 Dec 2019

Aramco offered just 1.5% of its shares and opted for a local listing after global investors balked at its hopes of valuing the company at $2 trillion (Photo: Reuters)

Saudi Aramco raises $25.6 billion in world’s biggest IPO

2 min read . 06 Dec 2019

Aramco Chief Executive Officer Amin Nasser kicked off the IPO’s final phase at a presentation for hundreds of local fund managers in Riyadh. (Reuters)

Saudi Arabia cuts Aramco valuation, boosts loans to get IPO done

4 min read . 18 Nov 2019

Aramco earned net income of $68.2 billion in the 1st nine months compared with $83.1 billion a year ago. Revenue slipped to $217 billion from $233 billion (Photo: Reuters)

Saudi Aramco IPO starts November 17, offer size still pending

2 min read . 10 Nov 2019

An employee looks on at Saudi Aramco oil facility in Abqaiq, Saudi Arabia. (REUTERS)

Saudi Aramco taps Saudi billionaires for major IPO orders

2 min read . 08 Nov 2019

Saudi Aramco is targeting a valuation of at least $2 trillion (Photo: Reuters)

Saudi Aramco IPO: China considers up to $10 billion stake

1 min read . 06 Nov 2019

In a bid to make the stock more attractive, Aramco already announced plans to pay $75 billion in dividends next year.

Saudi Arabia approves Aramco IPO, prospectus to be released on 10 Nov

4 min read . 03 Nov 2019

Lenders in the six-nation Gulf Cooperation Council are trying to broaden the base of their investors as a combination of low oil prices, slowing economic growth and geopolitical upheavals drain inflows. (AFP)

Dubai’s biggest bank Emirates NBD PJSC joins rivals to draw foreign investors

2 min read . 03 Sep 2019

An Aramco oil tank is seen at the Production facility at Saudi Aramco's Shaybah oilfield in the Empty Quarter, Saudi Arabia. (REUTERS)

Saudis replace Aramco chair with wealth fund chief ahead of IPO

3 min read . 02 Sep 2019

Aramco, officially known as Saudi Arabian Oil Co., published annual financial statements for the first time in April. (Reuters)

Saudi Aramco remains world’s most profitable company

3 min read . 13 Aug 2019

The Uber-Careem deal would come ahead of an Uber IPO, which could be one of the New York Stock Exchange’s biggest-ever listings. (Reuters)

$3.1 billion Uber-Careem deal to be announced this week

1 min read . 25 Mar 2019

S&P Global Ratings said last month it expects Dubai real estate prices to fall as much as 10% this year. (Bloomberg)

Dubai's real estate developers cut jobs in past weeks

1 min read . 06 Mar 2019

An employee collects a pack of strawberry yogurts from a machine at the Group Danone in Russia dairy production plant, operated by Danone SA, in Saint Petersburg, Russia. Photo: Bloomberg

Saudi dairy firm Nadec to buy Danone unit via capital raise

1 min read . 25 Mar 2018

Careem—Uber Technologies Inc.’s largest rival— is the region’s only unicorn company, counting Rakuten Inc., Kingdom Holding Co., China’s Didi Chuxing and Daimler AG among its investors. Photo: Hemant Mishra/Mint

Uber Middle-East rival Careem says ride-hailing spend beats road investment

2 min read . 11 Dec 2017

The platform, known as Nomu, will be open to foreigners starting January, Capital Market Authority chairman Mohammed Elkuwaiz said. Photo: iStock

Saudi Arabia to open fledgling small-cap market to foreign investors

1 min read . 26 Oct 2017

Dubai-based Emirates says there is no company-wide programme to reduce headcount and it continues to hire for critical roles. Photo: Bloomberg

Emirates is said to let dozens of employees go amid streamlining

1 min read . 10 Jul 2017

Emaar expects to complete the initial public offering by November. Photo: Bloomberg

Emaar hires Goldman Sachs to manage IPO of real estate unit

2 min read . 11 Jun 2017

Saudi Arabia’s king Salman bin Abdulaziz Al Saud welcomes US President Donald Trump and first lady Melania Trump as they arrive at King Khalid International Airport in Riyadh, Saudi Arabia, on Saturday. Photo: Reuters

Saudi Arabia greets Donald Trump with billions of dollars of deals

2 min read . 20 May 2017

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