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Lubrev ⁢Secures 20-Year Diesel⁢ Supply Agreement with​ Saudi Aramco

YANBU, SAUDI ARABIA – Lubrev has finalized⁤ a 20-year agreement with Saudi Aramco⁣ to supply up to 6,500 barrels per day of low-sulfur diesel from Aramco’s Yanbu refinery, commencing‌ September 29, ‌2025. the long-term contract, disclosed⁢ in a statement to Tadawul, aims to ‌bolster Lubrev’s customer base and ⁢improve profit margins on secondary products.

This agreement marks a significant step for Lubrev, positioning the company for⁤ sustained growth through ‌a guaranteed supply of a key fuel component.The deal’s ​longevity provides stability in a volatile market, while ‌the potential for renewal offers continued opportunity.‍ though the financial⁢ impact is currently difficult ⁤to quantify due to market price fluctuations, Lubrev anticipates positive contributions beginning in ⁤the fourth ‍quarter of 2025.

The pricing for the⁤ diesel will​ be persistent by an equation linked to prevailing market rates. saudi Aramco holds a 70% ⁢stake in Lubrev, ‍classifying it as a related party to the agreement. ‌Both parties retain the option to terminate the contract according to the⁢ terms outlined within it, but the initial term extends through 2045 with potential for mutual ⁣extension.

Lubrev stated‍ the ‌agreement is expected to enhance profitability through increased sales volume and optimized sourcing of diesel,⁢ a critical component in⁢ its ​product ⁢portfolio.

US Signals Limited Aid to Argentina, Cooling ⁤Bond Market Rally

WASHINGTON – Teh United States has clarified its potential financial support⁤ for Argentina, signaling it will likely offer a swap line but ⁢will ​not directly invest⁤ capital into the struggling South American nation. The proclamation,made by a US official,tempered ‌initial optimism that had driven up Argentine bond prices ‌earlier ​this week.

The ⁢shift in tone follows a period of speculation regarding the ‍extent of US assistance. while the ⁢US had previously outlined three potential ​options – a $20 billion swap line, direct debt purchases, and ⁢currency buying – the ​official indicated a preference for the swap line mechanism. ‍This progress impacts investors ​holding ⁢Argentine dollar bonds, which have experienced six ‌consecutive days of ⁣decline, and casts uncertainty on‌ Argentina’s immediate economic ⁤outlook as it ‌seeks financial stabilization.

Earlier ⁣this week, ‌initial reports of US⁢ willingness to “help Argentina” spurred a rally in bond prices. Though, the official, speaking⁤ to CNBC, quickly walked back the suggestion of a direct capital injection, stating, “We may give them a⁢ swap line, but‌ we will not pump money in Argentina.”

The US had considered a range of interventions, including a potential ⁤$20 billion⁣ currency swap to bolster Argentina’s reserves.A​ swap⁣ line‌ would⁣ allow Argentina to access US dollars in exchange for ‍Argentine pesos, providing short-term liquidity. Direct debt ⁤purchases or currency buying were also floated as possibilities.

On Wednesday, the‌ US official spoke with Argentine ‌Minister of Economy Luis Caputo, who is expected to⁢ travel to Washington in⁢ the coming days ⁣to ⁣discuss ‌”options ‍for providing financial support.” The narrowing of potential aid options suggests​ the US is prioritizing a ⁤less interventionist approach, aiming to provide Argentina with ⁣access to⁤ dollars without directly injecting capital into the economy.

As of today, Argentine dollar‌ bonds due in 2035 have decreased by‍ 0.3 cents⁣ to‍ 51.45 ​cents per dollar, reflecting investor reaction to the revised‍ US stance.

Sinom Center Secures 2.23 Billion Riyal maintenance & Hygiene Contract

RIYADH -‌ Sinom Centre has announced the​ approval of amendments to its Board of Directors’ policies, committees, and ‍executive management guidelines, alongside⁢ a significant contract award.The company confirmed a general agreement for maintenance⁤ and hygiene services across its commercial complexes, valued at 2.23 billion Saudi Riyals.

This substantial agreement underscores Sinom Centre’s commitment to maintaining ​high operational ​standards within its ⁢properties and represents a major financial undertaking for ⁣the company.The contract impacts stakeholders including investors,tenants,and service providers,and signals continued‌ investment in the upkeep and appeal of Sinom Centre’s portfolio. The amendments to governance policies, approved concurrently, aim to strengthen the company’s operational framework and ensure responsible management of⁣ these significant assets.

The company disclosed the approval of these changes and the contract award in a recent statement to the saudi Stock Exchange (Tadawul). The revised policies‍ encompass the Board of Directors, its associated ⁤committees, and the executive management team,‌ alongside an ‍updated governance guide.

Further details⁤ regarding the specific terms of the ‍maintenance and hygiene contract, including⁢ the duration and scope of services, were not promptly available. However,the scale of the 2.23 ⁣billion riyal agreement indicates a comprehensive and long-term commitment to property maintenance.

https://www.argaam.com/ar/company/disclosure/sectionid/245/marketid/3/pageno

Washington D.C. – A debate is intensifying over the potential⁣ for lowering interest rates to alleviate pressure on the U.S.federal deficit, with President Donald Trump publicly advocating for reductions and ‌economists cautioning against risks to the Federal Reserve‘s independence. While lower rates‌ coudl⁤ offer some short-term savings,‌ experts say their overall impact on the national debt is highly likely to be limited due to​ the structure of federal borrowing.

The national debt currently stands at over $34 trillion, and servicing that debt-the cost of paying interest-is a importent and growing portion of the federal budget. president Trump has argued that⁤ reducing interest rates is a direct path‌ to lowering these debt ​service costs, recently ​suggesting potential⁢ savings of $900 billion annually with a 3 percentage point reduction. However, this estimate‍ has been met with skepticism.

Economists warn that politically motivated pressure on the Federal Reserve to lower interest rates could backfire. A loss ⁢of investor confidence in the central bank’s independence could lead to increased long-term interest rates, ultimately ⁣ increasing the cost of borrowing for the government. The federal Reserve operates ‍independently to maintain price stability and full employment, and⁢ interference could undermine that mandate.

A key factor limiting the impact of interest rate reductions is ⁢the composition of federal debt. The majority of​ U.S. government borrowing is done through long-term bonds. While lower rates would affect ‍short-term ⁣debt⁣ instruments, the savings on the larger ‍portion of long-term debt would be less ample. Thus, even⁢ significant rate ‌cuts may not translate into dramatic ​reductions in the overall federal deficit.

The debate highlights the complex interplay between monetary policy, fiscal policy, and ​the national ⁣debt, and underscores the challenges in addressing the long-term fiscal health of the United States.

Source: Wall Street Journal.

Market ​Authority Approves ​Sinom‌ Centres’ Plan for Up to 3.75 Billion Riyal​ Islamic​ Bond Offering

RIYADH ⁤ – The ⁣Market Authority has granted approval for Arab Centers Company – Sinom ‌Centre to proceed wiht the issuance and launch of islamic‍ Sharia-compliant‌ financial instruments valued at up ‍to 3.75 billion riyals,the authority announced ‍today. The approval, valid for six months from‍ the date of the Commission’s Council decision, is⁤ contingent upon the completion ‍of the initial issuance of debt ‍instruments within that timeframe.

The Market Authority emphasized that investor caution ⁢is‍ paramount. “The subscription‌ decision without seeing the⁢ release bulletin ‌and studying its⁢ content may involve high⁤ risks,”‍ a spokesperson stated. Investors are ⁣urged to thoroughly review the‌ release​ bulletin, which details information regarding the​ source, deductions, ​and​ associated risk factors, to assess the viability of investing in the offering. Consultation with a licensed ⁣financial advisor is recommended if the⁤ bulletin’s contents ⁢are unclear.

The authority clarified that its approval ⁢signifies adherence to regulatory requirements within ‌the financial market system and its executive​ regulations, but should not⁤ be interpreted as an ‍endorsement of​ the ⁢investment’s feasibility or the underlying source.

According to data​ presented to shareholders, an unusual general⁢ assembly of arab Centers Company – Sinom Centre approved the delegation to issue these instruments last March.The issuance may occur through local or international ‌special offerings, self-reliant sukuk⁤ issuances, or the establishment of a comprehensive instrument program, possibly encompassing multiple tranches. The Board⁣ of Directors retains discretion ‍to determine the currency equivalent of the 3.75 billion riyal amount.