Saudi Fund Invested $500 million in Russian Oil and Gas 

Image Source: Bloomberg According to regulatory records, Prince Alwaleed Bin Talal, the billionaire investor who controls Kingdom Holding in Saudi Arabia, secretly spent more than $500 million on three significant Russian energy companies during February and March. Kingdom presumably sought undervalued assets by investing in Gazprom (GZPFY), Rosneft, and Lukoil, but its decision was made […]

Saudi Aramco: Oil giant records $48.4bn quarterly profit

Image Source: PBS With a $48.4 billion (£39.8 billion) profit for the second quarter of 2022, Saudi Arabia’s largest oil company, Aramco, smashed its record. The largest revenue for the world’s top energy exporter since its public listing three years ago represents a gain of 90% year over year. The invasion of Ukraine by Russia […]