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

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.

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.   

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.

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
oil rig image

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.
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