Saudi Aramco's mega IPO plan postponed
Edited By WION Video Desk
Published: May 12, 2023, 06:35 IST | Updated: May 12, 2023, 06:35 IST
Saudi Aramco's plans for the mega IPO of its energy-trading business have been postponed, as the state-controlled oil giant slows down preparations. The IPO, expected to be one of the world's largest, is now likely to be delayed until next year unless market conditions improve. The company earnings took a hit, with a 19% decline attributed to falling oil prices. The company reported a net income of $31.9 billion, down from $39.5 billion the previous year.
trending videos
)
Iran Condemns Alleged Ukrainian Attack on Commercial Vessel in Caspian Sea | Iran- Ukraine News
)
US-Iran War: Trump ready to bomb Tehran, deploys B-1 bomber, envoys flee city
)
VIDEO | Rape, religious conversion, blackmail: Wife of Air Force official makes serious allegations on former classmate
)
New UNESCO wonders worldwide, Mayan legends & a bike chef in Denmark
)
Houthis target Jizan, Yanbu oil facilities with missiles and drones
)
120 Bahadur, Border, Uri: The Surgical Strike: The Changing Face of Indian War Films
)
Dharmendra Pradhan Resigns, CJP Calls Off Protest | Yemen Crisis | France Fires | Middle East Crisis
)
CJP ends 37-day Jantar Mantar protest after government accepts all demands | Neet Protest
)
European-Led NATO in Planning if Trump Pulls Out
)
Russia-Ukraine war: Ukraine's armed forces strike Russian warship in Caspian Sea
)
Iran Warns of Wider West Asia War | Zelenskyy Accuses Russia | India Issues Black Sea Advisory
)
UK Elections: Opinion Polls Predict Debacle for Labour in Upcoming UK Elections
)
Central Bank Policy Will Depend on Oil Price
)
Dharmendra Pradhan Resigns as CJP Calls Off Protest | Opposition Demands Education Reforms
)
WION Health Pulse: India's pharma power | Global healthcare lifeline
)
Dharmendra Pradhan resignation: Expert explains BJP's next move & CJP protest impact
)
US-Iran war | Trump: Iran is taking negotiations more seriously than before
)
Jantar Mantar protest ends in victory as students demand sweeping education system reforms
)
10,000 km-long cloud band may revive monsoon across India
)
Canada-US Trade War Escalates As Gordie Howe Bridge Opens Without US Officials
)
Israel considers buying US-made P-8 Poseidon
)
Pralhad Joshi Takes Over Education Ministry | Dharmendra Pradhan Resigns | CJP Ends Protest
)
India NEET row: Oppn demands greater accountability from Centre over NEET
)
China's Gold imports hit highest level since 2024 | Gold demand surges as prices fall
)
France deploys military aircraft to battle wildfires
)
Houthis Target Saudi Oil Tankers | Red Sea Blockade Escalates | US Faces New Middle East Crisis
)
Cockroach Janta Party calls off protest after Dharmendra Pradhan's resignation
)
Ranbir Kapoor Makes Time 100 Most Influential List | Ranbir Kapoor to Play Lord Rama
)
Russia-Ukraine war: St. Petersburg key economic hub of Russia hit
)
China: Bitchat Taken Down Over Regulatory Orders | Still Available Outside China
)
Global Finance Leaders to Meet Amid War Shock
)
Cauvery Water Dispute: CM Vijay to hold crucial talks with Karnataka over Mekedatu Dam
)
India Flood Crisis: Assam Death Toll Rises, Gujarat & J&K Hit by Torrential Monsoon Rains
)
Europe Wildfires rage on: Spain & France battle deadly blazes | Thousands evacuated
)
India: Rameshbabu Vaishali Secures 2026 Women’s Candidates Victory
)
Trump pledges security and economic support for Lebanon
)
Dharmendra Pradhan steps down, says "resigned to protect future of India's youth"
#Metoo haunts Malayalam cinema: Actor Mohanlal breaks silence on sex scandal
)
Russia-Ukraine war: Russia activates nuclear beast Admiral Nakhimov amid war
)
Japan govt to impose tougher requirements for permanent residency
)
Europe Loses LNG Bidding War to Asia | World Business Watch
)
Australia Refinery Fire: Refinery Pumps Out About 10% of Australia's Fuel
)
Wangchuk hails 'Victory of Democracy' as CJP ends historic Jantar Mantar protest