Saudi Arabia

Despite Q1 profit hit, Aramco shares up on new dividend policy

New payout will be between 50% to 70% of company's annual free cash flow

Aramco announces 19% drop in profits in the first quarter

The company attributed this decline to low oil prices

Falling oil revenues results in 3 billion riyals Q1 Saudi budget deficit

Non-oil revenues jumped 9% to more than 102 billion riyals

3.9% growth in Saudi supported by non-oil economy

Government expects non-oil sector to grow by about 6% in 3 and 5 years

$1trn Saudi development pipeline reinforces Vision 2030’s ambitious goals

Creating opportunities for hospitality investment with 315,000 hotel keys

Ronaldo to leave Saudi for Real Madrid?

The football star reportedly faced cultural and language barriers in the Kingdom

Move over Microsoft. Aramco now world’s second largest company

Still on top was Apple enjoying an estimated market value of $2.6 trillion

Saudi’s PIF in forward position to buy stakes in various football clubs

Fund's football portfolio might grow with KV Oostende purchase