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Now is ‘perfect time’ for a second Saudi Aramco public listing, former executive says

[ad_1] Saudi Arabia is reportedly restarting plans to list more shares of state oil giant Saudi Aramco, with recent reports saying the kingdom wants to sell as much as $50 billion, or 2.5% of the company.Executives are said to be weighing the sale of more shares, in what would be

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Tadawul Group shares open 10% above listing price in Riyadh debut

[ad_1] Shares of Saudi Tadawul Group, the owner of the kingdom's $2.5 trillion dollar bourse, soared more than 20% on debut Wednesday as the appetite for Gulf listings heats up."Today we mark a significant milestone for our transformation," Saudi Tadawul Group CEO Khalid Al Hussan told CNBC's Dan Murphy on

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White House calls on OPEC to boost oil production as gasoline prices rise

[ad_1] The White House is calling on OPEC and its oil-producing allies to boost production in an effort to combat climbing gasoline prices, amid concerns that rising inflation could derail the economic recovery from Covid.Biden administration officials spoke with representatives from OPEC's de facto leader Saudi Arabia this week, as

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Oil hits multi-year highs in third weekly gain on demand recovery

[ad_1] NEW YORK: Oil prices reached fresh multi-year highs on Friday, closing out a third straight week of gains on an improved outlook for worldwide demand as rising COVID-19 vaccination rates help lift pandemic curbs. Brent crude futures settled at $72.69 a barrel, rising 17 cents after reaching their highest since

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OPEC pins oil demand hopes on second-half recovery as India dents Q2

[ad_1] LONDON: OPEC on Tuesday stuck to its prediction of a strong recovery in world oil demand in 2021 as growth in China and the United States counters the coronavirus crisis in India, an outlook that bolsters the group's plan to gradually ease output cuts. In a monthly report, the Organization

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Saudi Arabia’s stock exchange gets a revamp ahead of anticipated IPO this year

[ad_1] Investors monitor a screen displaying stock information at the Saudi Stock Exchange (Tadawul) following the debut of Saudi Aramco's initial public offering (IPO) on the Riyadh's stock market, in Riyadh, Saudi Arabia, December 11, 2019.Ahmed Yosri | ReutersSaudi Arabia's stock exchange, the Tadawul, has announced its conversion into a

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