Aramco profits drop by 12% in 2024 with low energy prices

March 4, 2025

Catenaa, Tuesday, March 04, 2025– Saudi’s state-owned oil giant Aramco profits for 2024 were down by 12% from a year, the company reported on Tuesday, due to low energy prices and higher operating costs. A filing by the company on Riyadh’s Tadawul stock exchange said that the company reported $ 106.25 billion profit in 2024 with […]

Aramco Signs 34 Deals Worth $90B With US Companies

May 14, 2025

Catenaa, Wednesday, May 14, 2025- Saudi Arabia’s state energy giant Aramco has signed 34 preliminary deals worth $90 billion with major US companies on Wednesday, as part of Aramco’s long-term strategy. The deals aim to boost Aramco’s long-term growth strategy and expand its presence across a wide range of sectors, from traditional oil and gas […]

Mideast markets fall on uncertainty around Trump tariffs

February 19, 2025

Catenaa, Tuesday, February 18, 2025 – The majority of Middle East (Mideast) stock markets fell in early trade on Tuesday, due to ongoing global uncertainty surrounding U.S. President Donald Trump’s plans for tariffs on imports which has kept investors on edge. Trump has imposed a 10% tariff on imports from China, and announced plans for 25% tariffs […]

Nvidia Stock Soars After US-Saudi AI Deal, Pushing Valuation Past $3 Trillion

May 14, 2025

Catenaa, Wednesday, May 154, 2025-Nvidia’s stock surged as much as 6.4% on Monday, reaching an intraday high of $130.99 per share, after the company announced a strategic partnership with Saudi Arabia’s Humain, a subsidiary of the kingdom’s Public Investment Fund. The surge helped Nvidia’s market capitalization climb back above $3 trillion, marking its highest valuation […]

Saudi Central Bank Adds $60B Bitcoin Exposure

May 25, 2025

Catenaa, Sunday, May 25, 2025-The Saudi Central Bank has gained an indirect exposure to Bitcoin worth nearly $60 billion by purchasing shares in Strategy, formerly known as MicroStrategy (MSTR), marking a notable shift in the Kingdom’s approach to reserve diversification. A recent filing with the US Securities and Exchange Commission disclosed the central bank’s stake […]

Scammers Fake Saudi Prince to Promote Meme Coin Scam

February 22, 2025

Catenaa, Saturday, February 22, 2025 – Scammers impersonating Saudi Arabia’s Crown Prince Mohammed bin Salman have launched a fraudulent cryptocurrency, exploiting growing interest in meme coins.  The fake token, dubbed the “Official” Saudi Arabia meme coin (KSA), was announced in a now-deleted post on X on Feb. 17 through an account falsely claiming to represent […]