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02/02/2018 05:41 AST
Google parent Alphabet Inc. is in talks with Saudi state oil company Saudi Aramco about jointly building a technology hub in Saudi Arabia, the Wall Street Journal reported, citing people familiar with the matter.
It is not clear specifically whose data the centers would house or who would control them, the WSJ said. (http://on.wsj.com/2nytE1b)
Reuters could not immediately reach Aramco and Alphabet for comment.
Alphabet rivals Apple Inc. and Amazon Inc. are in licensing discussions with Riyadh on investing in Saudi Arabia as part of Crown Prince Mohammed bin Salman’s push to give the conservative kingdom a high-tech look, according to a Reuters report in December.
A joint venture between Alphabet and Aramco could help Saudi Aramco expand into the United States, a goal for the oil company.
The size of the potential venture is unclear, although it could be big enough to become listed on Saudi Arabia’s stock exchange, according to the Journal report.
It was unclear where Aramco would list its shares ahead of an initial public offering that could turn it into the world’s largest publicly traded company.
Arab News
30/03/2018
Saudi Arabia expects to unveil by the end of June rules to prevent large share price drops in newly-listed companies, the final regulatory step for the listing of oil giant Saudi Aramco, the head of
Arab News
30/03/2018
Petroliam Nasional Berhad (Petronas), the national oil company of Malaysia, and Saudi Aramco, the national oil company of Saudi Arabia, have announced the formation of two joint ventures for the Refi
Trade Arabia
29/03/2018
Saudi Aramco finalized a deal on Wednesday with Malaysian state energy company Petroliam Nasional Berhad (Petronas) to invest in a refinery project off Malaysia.
The Saudi oil giant agreed
Arab News
Ticker | Price | Volume |
---|---|---|
SABIC | 114.77 | 5,915,941 |
05/04/2018
SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.
Saudi Gazette
05/04/2018
Standard & Poor’s (S&P) has affirmed QIB’s Issuer Credit Rating at A-, Qatar’s leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB’s rating
Gulf Times
05/04/2018
Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told
The Peninsula
04/04/2018
Doha Bank has announced the official inauguration of its Chennai Branch, in the southern Indian state, will be held today. This is Doha Bank’s third city in India after its successful establishment o
The Peninsula
04/04/2018
Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4. SHUAA Capital International shall not hold more than
Gulf News