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AI chip startup Groq secures $1.5 billion commitment from Saudi Arabia

Groq has secured $1.5 billion from Saudi Arabia to expand AI chip delivery, boosting local AI capabilities, including support for an Arabic-English language model.

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• CL
• LCO

Oil prices mixed as rising Mideast tensions offset demand concerns

Oil prices mixed due to weak Chinese demand and rising Middle East tensions after Syrian rebels ousted President al-Assad; OPEC+ extends production cuts amid supply surplus concerns.

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• MCO
• TTEF

Saudi 2025 budget foresees $27 billion fiscal deficit as gigaproject spending continues

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Exclusive-Saudi Aramco unit in talks to invest $1 billion in US software maker Mavenir, sources say

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• GC
• LCO

ME conflict remains at risk of escalation, oil and gold can help hedge risk

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Most Gulf markets gain as investors weigh Trump impact

Gulf stock markets rose early Thursday on Trump election news; Saudi Arabia's index gained, while Dubai's main index also increased despite losses from some companies.

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• 9984
• MC

Factbox-What links have Trump and his allies maintained with oil-rich Gulf states?

Since leaving office, Donald Trump and allies have maintained lucrative business ties with Gulf states, engaging in diplomacy and securing significant investments from regional wealth funds.

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Saudi Aramco's Q3 profit slumps 15%; dividend maintained

Aramco reported a 15.4% profit decline in Q3, maintaining a $31.1 billion dividend, while facing lower oil prices and higher public debt.

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• FTFADGI
• QSI
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Most Gulf markets gain ahead of US election

Gulf stock markets rose as investors awaited U.S. election results, with notable gains in Abu Dhabi and Dubai despite some losses in Saudi Arabia.

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• BP
• CVX
• PXD
• TTEF
• XOM

Exxon's $8.6 billion profit beats as volume offsets price weakness

Exxon Mobil beat Q3 profit estimates due to strong oil output, reporting $8.61 billion earnings, despite a 5% year-over-year drop. The company plans to issue revised production forecasts.