Author: Arabian Media staff
Image credit: Saudi Aramco Saudi Arabian Oil Company (Saudi Aramco) has announced the completion of a $5bn issuance of bonds across three tranches under its Global Medium Term Note Program. Read-Saudi Aramco considers asset sales to free up funds, sources say According to Aramco, the tranches include $1.5bn in senior notes maturing in 2030 with a coupon rate of 4.7 per cent, $1.25bn in senior notes maturing in 2035 with a coupon rate of 5.3 per cent, and $2.25bn in senior notes maturing in 2055 with a coupon rate of 6.3 per cent. The transaction was priced on May 27,…
Image credit: Supplied Saudi Arabia, often called the Heart of Arabia, is rolling out a summer calendar filled with once-in-a-lifetime experiences for travelers and residents alike. From vibrant coastal festivals and cool mountain escapes to world-class esports and desert stargazing, Saudi’s 2025 summer season is where ancient culture meets modern entertainment. Expect breathtaking landscapes, warm hospitality, and a growing spirit of exploration. Read-Trump’s Saudi Arabia visit unlocks $600bn in investment deals Here are five standout events that will help you enjoy Saudi Arabia like no other: 1-Level Up: Esports World Cup 2025, Riyadh This summer, gaming takes center stage as…
Stay informed with free updatesSimply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox.The writer is a fellow at Stanford University’s Institute for Human-Centered Artificial Intelligence and the Cyber Policy Center. She is the author of ‘The Tech Coup’OpenAI has a new pitch for the world’s governments: buy “AI on democratic rails” through its “OpenAI for countries” initiative. The project is both smart politics and a lucrative business opportunity. The company will own every layer of the tech stack from data centres to the foundation model to the user interface. Elon Musk, appreciating the stakes,…
Last week, MainFT jumped on the potentially wild implications of an obscure but explosive provision buried deep in the Trump administration’s budget bill. Section 899 of the bill passed by House of Representatives last week would let the US to impose additional taxes on companies and investors from countries that it deems to have “discriminatory” tax policies. As Deutsche Bank’s George Saravelos put it, it represents the potential “weaponisation of US capital markets”, given the trillions that overseas investors have in the US. Well, here’s another one hidden-away humdinger, which you can find roughly midway through the ca 160k word…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Mongolia’s prime minister has resigned after losing a confidence vote, amid public anger at his son’s lavish spending, fuelling political uncertainty in a central Asian economy with vast mineral wealth.Luvsannamsrain Oyun-Erdene, the Harvard-educated reformist who has led Mongolia since 2021, gained only 44 of the 64 votes he needed from lawmakers in a vote held in the early hours of Tuesday. Oyun-Erdene called the vote last week amid divisions in his party and as protests erupted over his son’s luxury lifestyle.His Mongolian…
Jackman’s estranged wife, Deborra-Lee Furness has officially filed for divorce, while speaking out about the “betrayal” she has faced. Source link
The Paris-based global policy forum now sees U.S. growth at just 1.6% this year, and global growth at 2.9%. Source link
“I largely worked my way through school and believe that negatively impacted my grades.” Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Switzerland’s inflation rate has dipped into negative territory for the first time in four years, fuelling bets that the country will return to sub-zero interest rates in a bid to ignite prices and restrain a soaring currency.Annual inflation was minus 0.1 per cent in May, with prices for air transport and accommodation among those dragging on the consumer price index. Prices rose 0.1 per cent month on month.Traders have increased their bets in recent months that the Swiss National Bank will reduce…
New England Patriots wide receiver Stefon Diggs has found himself in hot water after a video of him partying on a yacht began circulating the web. Source link