Once again, the AEI team will be attending the Defence and Security Equipment International (DSEI) conference at the ExCeL London from the 10th-13th of September 2019. The exhibition will attract over 1,600 exhibitors and 35,000 attendees during the four-day conference. For the third time, our CEO, Stuart D’Souza and Senior Consultant, Freddie Blackman will be…
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Saudi Aramco is expected to complete the expansion of an oil pipeline that runs east-west across the country in September, lowering the Kingdom’s reliance on the Hormuz Strait. With a previous capacity of 5 million barrels the expansion will allow for an extra two million barrels a day to cross the Kingdom, bypassing Hormuz. In…
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Lockheed Martin has been awarded a $1.48 billion contract modification to supply THAAD interceptor support items to the Kingdom of Saudi Arabia. Originally reported in 2017, the arms sale included 44 THAAD launchers, missiles and related equipment. The U.S. House of Representatives backed resolutions on Wednesday to block the sale of precision-guided munitions to KSA…
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Saudi food and beverage giant Almarai has seen a 12% drop in Q2 profits reportedly due to high expenses and financing costs. This development also coincides with the removal of government subsidies and may have been affected by the implementation of VAT. OPEC+ has agreed to extend oil production cuts until the end of Q1…
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Saudi Aramco recently held talks with a select group of investment banks to discuss potential roles during a restart of preparations for an IPO of Saudi Aramco after it was shelved last year. Princess Reema Bint Bandar has assumed her post as the Saudi ambassador to the US, the first woman in the Kingdom’s history…
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During the G20 Summit in Osaka, Japan, Crown Prince Mohammed bin Salman last week agreed a deal with Russia’s President Putin to extend the OPEC oil output cut by a further six to nine months. Oil prices jumped by more than 2% in response. In other news, the first commercial flight has departed from the…
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