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Saudi Arabia
SoftBank tech fund to invest up to US$100 bil with Saudis
SINGAPORE (Oct 14): SoftBank Group Corp. said it will form a new fund to invest as much as US$100 billion ($138 billion) in the global technology industry in the next five years, partnering with Saudi Arabia’s public investment fund to find tech compani
October 14, 2016
Crude Oil
Oil bounces on Saudi-Russian pledge to steady prices
LONDON (Sept 6): Oil rallied by up to five per cent on Monday as top global producers Russia and Saudi Arabia vowed to stabilise the market after meeting at the G20 in China.
September 06, 2016
Broker's Calls
Time to play the waiting game on SATS
SINGAPORE (Aug 30): OCBC Investment Research is keeping its “hold” call on SATS and raising its fair value to $4.70 from $4.20 previously, based on the group’s current lofty valuations.
August 30, 2016
Hot Stock
SATS advances on Dammam contract win
SINGAPORE (Aug 23): Shares of SATS are up 0.6% to $4.83 after announcing that it has won a tender to build and operate a cargo terminal at Dammam in Saudi Arabia.
August 23, 2016
SATS wins tender to build and operate Saudi cargo terminal
SINGAPORE (Aug 22): Ground handling and inflight catering service provider SATS has been awarded a tender to build and operate a cargo terminal within Saudi Arabia’s new cargo village in Dammam, which is in the vicinity of King Fahd International Airpor
August 22, 2016
Crude Oil
OPEC to keep oil flowing as price recovers
VIENNA (June 3): OPEC was expected Thursday to keep the oil gushing as a modest recovery in the crude price eases pressure on a cartel riven by Iranian-Saudi rivalry to cut output.
June 02, 2016