Saudi Aramco Raises $11.2 Billion in Stock Sale as Shares Rise
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#bca0e304 ver:0.1

Saudi Aramco raises $11.2 billion in stock sale as shares rise, attracting over $65 billion in demand. The sale is part of Saudi Arabia's plan to diversify its economy away from oil. However, the country's budget deficit has reached $9.5 billion in Q3 2023 due to declining oil and non-oil income. Meanwhile, Russia's budget deficit narrows to 1% of GDP, aided by higher oil prices. Jordan's draft 2024 budget focuses on economic modernization, with no new taxes and a reduced deficit. Aramco's $31 billion dividend payout will help fund Saudi Arabia's spending plans amid lower profits and falling oil prices. #SaudiAramco #economy #oilprices #budgetdeficit...

#newstr #SaudiAramco #StockSale #SaudiArabia #Economy #Oil #Diversification #Vision2030 #Neom #OilPrices #DemandOutlook #InterestRateCut 

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