Tether may become the world’s most profitable company if the stablecoin issuer continues its explosive growth trajectory, according to Bitwise Chief Investment Officer Matt Hougan. In a September 29 investor memo, Hougan suggests that Tether could surpass even Saudi Aramco’s record-breaking $120 billion profit from 2024, which is the most lucrative year in corporate history. Hougan’s analysis hinges on Tether reaching $3 trillion in assets, which would represent approximately 3% of the global money suppl ...

🔥 BIG: Bitwise CIO says "Tether could one day surpass Saudi Aramco’s $120B record profit, becoming the most profitable company in history." https://t.co/pzXtaxdXVq ...

Core Insights - Tether is on track to potentially surpass Saudi Aramco in profits, aiming to become the most profitable company in history [1] - The company has a significant global presence with over 400 million users and is experiencing rapid growth in wallet numbers [2] Financial Strength and Diversification - As of Q2 2025, Tether holds $127 billion in US Treasury bonds, ranking among the top 20 holders globally [3] - Tether is projected to earn around $13 billion this year and holds over 100,000 BTC valued at $11.4 billion [4] - If emerging markets adopt USDT, Tether could manage trillions in assets, potentially surpassing Saudi Aramco's $120 billion profit record for 2024 [3][4] Expansion and Market Impact - Tether is evaluating a major fundraising round, potentially raising $15 billion to $20 billion for a 3% stake, which could value the company at $500 billion [6] - The funds from the fundraising would accelerate Tether's strategy across multiple sectors, including AI, commodity trading, energy, and communications [6] - Tether's push back into the US market is supported by a favorable political climate towards cryptocurrencies [7] Recent Market Activity - Tether made a significant purchase of $1 billion to buy 8888.889 BTC, marking the last day of the third quarter [8]

Petro Rabigh shareholders approve SAR 5.26 bln capital hike Rabigh Refining and Petrochemical Co. shareholders approved, during the extraordinary general meeting (EGM) held on Sept. 29, the board's recommendation to increase capital by 31.5% (SAR 5.26 billion) and allocate to founding shareholders Saudi Arabian Oil Company (Saudi Aramco) and Sumitomo Chemical Company Ltd.   For More IPOs   According to a statement to Tadawul, a part of the proceeds will go to repay phase two project facilities and bridge l ...

Core Insights - Woodside Energy Group Ltd is actively discussing partnerships for its $17.5 billion Louisiana LNG project, potentially retaining up to 80% ownership [1][3] - The company plans to sell 20% to 30% of the Louisiana LNG project, which was part of its $900 million acquisition of Tellurian [2] - Woodside is taking a cautious approach to the sale due to a $5.7 billion agreement with Stonepeak, which will finance 75% of the project's capital costs in 2025 and 2026 [3] Company Overview - Woodside Energy operates in oil and gas exploration, production, and sales across multiple regions including Asia Pacific, Africa, the Americas, and Europe [4]

Core Insights - Perma-Pipe International Holdings, Inc. has received formal technical and commercial approval from Saudi Aramco, enhancing its business prospects in Saudi Arabia [1] Group 1: Business Expansion - The approval allows Perma-Pipe to directly serve the oil and gas sector in Saudi Arabia, marking a significant advancement in its strategic plan [1] - This development is crucial for strengthening the company's presence in the Kingdom and broadening its operational capabilities [1]

Core Viewpoint - Saudi Arabia's stock market experienced its largest daily increase since 2020, driven by expectations that the market regulator may relax foreign ownership limits on listed companies, potentially revitalizing interest in the stock exchange [1][4]. Group 1: Market Reaction - The Saudi benchmark index surged over 5%, reaching its highest level since May, following reports of potential regulatory changes [1]. - The index has seen a year-to-date decline of 9.6%, underperforming regional markets such as Dubai and Kuwait, which are up 13.8% and 20% respectively [3]. Group 2: Potential Inflows - If the foreign ownership cap is lifted to 100%, it could attract an additional $9.5 billion to $10 billion in passive inflows from MSCI and FTSE index trackers, according to UBS projections [2]. - The easing of foreign ownership rules is expected to enhance the weight of Saudi public companies in major indexes, thereby increasing foreign investment [4]. Group 3: Market Liquidity and Participation - The anticipated regulatory changes are expected to strengthen liquidity and depth in the Saudi market, tighten bid-ask spreads, and expand institutional participation [5]. - Saudi Arabia has been actively working to attract foreign investors through various initiatives, including establishing exchange-traded funds with partners in Asia [5]. Group 4: Broader Regulatory Context - In January, regulators allowed foreigners to purchase shares in companies owning real estate in Mecca and Medina, while maintaining restrictions on direct land ownership [6].

Talks for Saudi state oil giant Aramco to buy a minority stake in Spanish energy firm Repsol's renewables unit have hit an impasse, two sources familiar with the matter told Reuters. ...

Saudi Aramco has announced the completion of a $3 billion international Sukuk issuance. The transaction, which was priced on September 10, 2025, consists of two tranches and was listed on the London Stock Exchange. The issuance was divided into two equal tranches of $1.5 billion each. The first tranche matures in 2030 with a profit rate of 4.125% per year, while the second matures in 2035 with a profit rate of 4.625% per year. According to the company, the offering attracted a strong orderbook with demand ...

Asia’s oil demand is growing in the autumn, too, whereas major importers like China keep stockpiling crude, so OPEC+ was right to continue boosting supply, Alexander Dyukov, chief executive at Russian oil producer Gazprom Neft, said on Thursday. “Global oil consumption rises in the summer. Typically, demand in Asia continues to rise in the autumn, too,” Russian news agency TASS quoted Dyukov as saying at an energy forum in Russia. “Moreover, a number of importers, including China, are filling their strat ...