Christine Burke

3 weeks ago | bloomberg.com | Sudhi Ranjan Sen |Christine Burke

Mohammed bin Salman, right, and Narendra Modi during a meeting at Al Salam Royal Palace in Jeddah, in a photo released by Saudi Press Agency SPA. (Bloomberg) -- Saudi Arabia and India agreed to deepen energy ties and cooperate more closely on a wide range of industries including defense, tourism and culture as they seek to strengthen their economies at a time of global turbulence.

3 weeks ago | bloomberg.com | Christine Burke |Sudhi Ranjan Sen

Narendra Modi Photographer: Prakash Singh/Bloomberg(Bloomberg) -- Indian Prime Minister Narendra Modi is set to kick off a two-day trip to Saudi Arabia on Tuesday as he seeks to deepen ties with the major oil exporter and OPEC+ leader at a time of mounting global trade uncertainty. Modi is traveling to Jeddah on the kingdom’s Red Sea coast, where he will meet with Saudi Crown Prince Mohammed bin Salman, hold bilateral talks and visit Indian factory workers.

4 weeks ago | bloomberg.com | Laura Cuesta |Christine Burke

Fifteen companies listed on the main bourse last year, the most since 2022, according to exchange operator Saudi Tadawul Group. (Bloomberg) -- Saudi Arabia is set to see a slew of companies test investor appetite for initial public offerings over the coming weeks, a sign that the kingdom’s deal pipeline is holding up so far despite the global market volatility fueled by US President Donald Trump’s tariffs.

1 month ago | news.bloombergtax.com | Christine Burke

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1 month ago | bloomberg.com | Christine Burke |Mirette Magdy

Crude oil storage tanks stand at the oil refinery operated by Saudi Aramco in Ras Tanura. Photographer: Simon Dawson/Bloomberg(Bloomberg) -- The oil-price crash is set to have far-reaching consequences for Saudi Arabia’s finances and vast economic ambitions. The kingdom’s budget deficit may soar to $67 billion this year, according to projections shared by Goldman Sachs Group Inc. economist Farouk Soussa in an interview.