Saudi Aramco Shares Spike to Highest Since May 2023

Saudi Aramco's shares surged to their highest level in over a year amid the outbreak of war with Iran. Investors are assessing the conflict's impact on global markets.

Shares of Saudi Aramco saw their biggest jump since May 2023 on Sunday, following the outbreak of war with Iran and its open aggression. The market reacted to the escalation of geopolitical tensions in the region. Investors are assessing the potential consequences for the oil industry and global energy. Experts anticipate further volatility amid the uncertainty.

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2026-03-04T16:26:00+00:00

Gulf Banking Systems Resilient to Regional Risks

Fitch reports that Gulf banking systems have strong buffers to face immediate credit risks. Bank ratings rely on sovereign support, and countries have sufficient safety margins for short-term conflicts.

Economy Politics Country

2026-03-04T13:21:53+00:00

Saudi Arabia: Attack Attempt on Ras Tanura Refinery

The Saudi Ministry of Defense's spokesperson reported an attack attempt on the Ras Tanura refinery. Initial data suggests a drone was used, with no damage reported.

Politics Economy Country

2026-03-04T13:18:06+00:00

SABIC Reports Massive Loss and Appoints New CEO

Saudi SABIC announced a massive net loss in 2025 due to asset write-downs and liquidation losses in Europe and the Americas. The company appointed a new CEO.

Economy Politics Country