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iShares MSCI Saudi Arabia ETF
KSAFinancial ServicesAMEXUS
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Saudi Arabia is expected to burn more imported fuel oil for power generation this summer following a loss of natural gas supply from oilfields that have been shut after the Iran war curbed its oil exports, analysts said.
Q1 2026 adjusted net income rose by 26% year-on-year and by 34% quarter-on-quarter. The profit figure beat analyst forecasts, Aramco said.
Saudi oil giant Aramco reported on Sunday a 25% rise in first-quarter net profit, mainly due to higher sales, while the East-West crude pipeline that circumvents the Strait of Hormuz has reached its full capacity.
Saudi Arabia has set the June Arab Light crude oil official selling price to Asia at $15.50 a barrel above the Oman/Dubai average, down from the previous month, Saudi Aramco said in a statement on Tuesday.
The United Arab Emirates' decision to exit OPEC and OPEC+ was not directed against anyone but meant to serve national interests, Abu Dhabi National Oil Company CEO Sultan Al Jaber said on Monday.
The United Arab Emirates will exit OPEC on May 1. European bank earnings top forecasts, but Airbus misses expectations.
Suhail Al Mazrouei, the UAE's Energy Minister speaks to CNBC's Dan Murphy following the country's announcement it will leave OPEC. The Minister described the move as a "pure policy change", dismissing suggestions it is a rejection of production cuts led by Saudi Arabia.
The United Arab Emirates is leaving OPEC on May 1, dealing a blow to the group and its leader Saudi Arabia. UAE Energy Minister Suhail Al Mazrouei tells Bloomberg's Joumanna Bercetche that the timing is right because of the war in Iran.
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The United Arab Emirates said it quit OPEC and OPEC+, dealing a heavy blow to the oil exporting groups and their de facto leader, Saudi Arabia, at a time when the Iran war has caused a historic energy shock and unsettled the global economy.
Gulf Cooperation Council (GCC) economies are sliding into their worst economic crisis since the pandemic, with several expected to contract this year on spillovers from the U.S.-Israel war with Iran right on its doorstep.
CNBC's Dan Murphy delves into the Middle East's investment flows and provide insights on the global energy hub and the vast amounts of capital originating from the region on Access Middle East (12:00 – 13:00 SIN/HK). Please note this livestream is only available in Europe and India.
Checchi Capital Advisers LLC reduced its stake in shares of iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) by 13.4% in the undefined quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 109,939 shares of the company's stock after selling 16,951 shares during the period.
Allspring Global Investments Holdings LLC trimmed its position in shares of iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) by 13.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 281,586 shares of the company's stock after selling 44,291
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iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA - Get Free Report) was the target of a large decrease in short interest in February. As of February 27th, there was short interest totaling 5,569,034 shares, a decrease of 11.9% from the February 12th total of 6,324,189 shares. Based on an average daily trading volume, of 1,157,611 shares,
