Saudi Arabia announced Tuesday investments worth oil firm Aramco and petrochemical firm SABIC would lead investments of 5 trillion riyals ($1.3 trillion) by the local private sector by 2030 under a programme announced on Tuesday for economic diversification.

Saudi Arabia announces $1.3 trillion investment for economic diversification

Saudi petrochemicals giant SABIC said on Sunday its net profits for the second quarter and the first half of this year dived due to a sharp decline in product prices.

Saudi chemical giant profits nosedive over low prices

Saudi Aramco, the world's largest oil company, posted $224 billion in earnings before tax last year, Fitch Ratings said Monday, as the secretive giant opens its accounts for the first time.

Saudi Aramco 'made $224 billion profit' last year

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