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Saudi Aramco, an oil company of Saudi Arabia, reported that on the margins of the Future Investment Initiative forum, held in Riyadh, it signed 15 memorandums of understanding, strategic, commercial cooperation with international companies in excess of $34 billion. Thus, a memorandum on the beginning of the construction of a petrochemical complex in Jubail and the creation of a retail network of petrol stations was signed with the oil and gas company Total from France. Among the companies with which Saudi Aramco has concluded memorandum are companies such as Baker Hughes, Hyundai Heavy Industries, and others. It is reported that the Saudi oil giant plans to sign agreements totaling more than 50 billion dollars during the forum.
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
On Tuesday, Ebay Inc. (EBAY.O) announced that it had reached a deal to sell off its classified ads business unit to Adevinta ASA (AD5B), a Norway-based classified ads publisher owned by Danish media company Schibsted (SBSTA.OL). The classified ...
The Securities and Exchange Commission (SEC) announced on Monday that UBS Financial Services Inc. (UBSG) would pay more than $10 Million to resolve charges regarding certain municipal bond offerings. UBS has agreed to pay the fine after SEC ...
Property data and analytics company CoreLogic Inc on Tuesday rejected another $7 billion buyout offer, seeing it inadequate after meeting with the two bidders, investment firms Cannae Holdings Inc and Senator Investment Group LP. Cannae ...
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