How Saudi Arabia plans to keep us addicted to oil
The kingdom is busy pursuing a green strategy at home while assiduously slowing progress on phasing out fossil fuels
The kingdom is busy pursuing a green strategy at home while assiduously slowing progress on phasing out fossil fuels
Economic slowdown pushes Aramco’s downstream unit, responsible for refining, chemicals and fuel distribution, to pretax loss of $1.1 billion
Soaring energy prices boost oil exporter, which recently overtook Apple as world’s most valuable company
Wall Street veteran gives Fed a 30% chance of pulling off a soft landing
Acquisition described as ‘great news for west Cork’, with scope for more jobs locally
West Cork-based fintech creates solutions for employee share ownership in companies
Saudi producer ‘on track’ to raise production capacity to 13m barrels by 2027
iPhone maker’s share price has climbed more than 200 per cent since Covid first struck
Cavan insulation business made an out-of-character mistake joining F1 ‘sustainability’ agenda
Planet Business: Boat burning in Glasgow ahead of Cop26
Any success the club achieves won’t feel like the fans always dreamt it would feel
Clonakilty-headquartered fintech expects full-year revenues to hit $44m this year
HT Materials Science has developed technology used in heating and cooling systems
To adequately respond to an issue such as climate change it is crucial to monitor the authenticity of green claims made by organisations
Deal will boost Irish-founded engineering company’s turnover to $1 billion
Company’s oil and gas condensate output down 3.2% on previous quarter
IPO value of company controlled by Jack Ma is set to eclipse record-holder Saudi Aramco
The last four of eight shortlisted nominees in the international category of the award
Clonakilty-based company hiring 150 and planning to float
Futures trades indicate London equity rally continuing as Wall Street shrugs off tech rout
Analysts warn full economic recovery from coronavirus pandemic remains distant prospect
Tech giant now worth $300 billion more than the next-largest US company, Amazon
Market sees appointment of Andrew Mackay as vote of confidence in Irish prospect
First quarter dividends ‘the highest of any listed company worldwide’, says oil exporter
Kingdom triples its VAT rate to 15% and cuts allowance for government workers
Company had planned to boost payouts to investors to $125bn between 2021 and 2025
Swelling global crude stockpiles makes it more difficult to balance the market
Prices rallied before agreement but cuts will struggle to make up for collapse in demand
Emergency meeting of Opec and other oil producer nations sought
Capital expenditure expected to fall 23% at state energy company
‘Shock and awe’ strategy designed to disrupt market
Salman has fomented tension among royals by violating established order of succession
With Google’s sales growing as fast as a decade ago, company nears market cap milestone
Goldman Sachs exercises option to sell more stock, bringing total proceeds to $29bn
Saudi restrictions on short selling may help keep prices afloat for now
This year was an excellent one for stock markets despite much fretting last Christmas
Planet Business: It’s never too late to escape to Lapland
Oil company raised $25.6bn in world’s biggest ever IPO
State oil giant prices at top of range for €1.5 trillion valuation
London-based ALQST says crackdown on dissent continues with wave of arrests
Business Week: also in the news was Digicel; jobs; the economy; and commercial property
If all goes to plan, firm will have highest market cap of any listed company globally
International investors give its initial plan lukewarm response
Domestic retail investors and international institutions split on paying up to €1.6tn
Saudi crown prince hoping for $2 trillion valuation on world’s most profitable company
Business Today: the best news, analysis and comment from The Irish Times business desk
Delays to anticipated $60bn flotation were triggered by doubts over €1.8tn valuation
State-owned oil giant pulls plug and says $2tn IPO would depend on market conditions
Riyadh is also planning to change state royalty payments and cut corporation tax as the kingdom pushes to secure a $2 trillion valuation for the state energy group
Oil prices for near-term delivery jumped over 10 per cent on Monday
Yemen’s Houthi rebels have the motive and necessary skills to strike Aramco oil facilities
Trump says US is ‘locked and loaded’ and awaiting verification on culprit
Crosswords & puzzles to keep you challenged and entertained
Inquests into the nightclub fire that led to the deaths of 48 people
How does a post-Brexit world shape the identity and relationship of these islands
Weddings, Births, Deaths and other family notices