Much of GCC savings have been due to spending cuts and the pace of reforms has slowed across the region
Oil
Amin Nasser
Saudi Aramco’s diversification could swell IPO valuation
Any valuation of Saudi Aramco this far out from its IPO is premature, as the oil giant delves deeper into downstream businesses and technology whose potential – and worth – are yet to be realised.
crude barrel
OPEC needs to “shock and awe” the oil market: report
Without such action, prices could slump to less than $40 a barrel
Abu Dhabi
Adnoc may sell shares in units to expand
“It will enable us to accelerate our growth, increase revenue and improve integration”, says CEO