Saudi Aramco

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

Tech companies slide amid US-China tensions

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

Shares climb by the maximum daily limit

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