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Aramco net income dips in 3Q as oil giant swings into debt
The firm will likely resort to more borrowing to maintain generous dividend payouts
Updates on trade, decarbonization, and supply chains from the UAE and Saudi Arabia
Stories on our radar this morning from around the region
Aramco expands its foothold in South America’s LNG market
Aramco will also expand its stake in MidOcean Energy to 49%
TODAY: Lots of projects in Egypt. Dar will build Ethiopia’s new airport
What we’re tracking this morning regionally and around the world
Aramco and the PIF double their investments in Saudi steel production JV
The partners, along with China’s Baosteel, will kick in over USD 1 bn more than originally announced
TODAY: Kuwait’s Mubarak Al-Kabeer Port development plans are moving along
What we’re tracking this morning regionally and around the world
TODAY: A battle over contracts begins amid continued Red Sea disruption
What we’re tracking this morning regionally and around the world
Aramco + DHL Supply Chain team up on end-to-end procurement and logistics hub
The hub will be operational by 2025
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