Saudi Arabia
Oil giant Saudi Aramco’s second-quarter profit dips 3% on lower crude production volumes
A 3D printed natural gas pipeline on Feb. 8, 2022. Dado Ruvic | Reuters Saudi state oil giant Aramco reported $29.1 billion in net profit for the second quarter, a dip of just over 3% from the same period last year as crude production volumes remained low. Aramco reaffirmed its second-quarter base dividend of $20.3 […]
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I’ve been to 100 countries. I didn’t expect to want to return to these 5
I’m often asked: “What is your favorite country to visit?” For an avid adventurer, it’s a confounding question. How to distill culture, vibes, food, scenery, and all the other factors that shape the international travel experience? Identifying the nations I have explored in depth over multiple visits — popular places like Turkey, Nepal, South Africa […]
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U.S. and Saudi Arabia sign agreement for joint space exploration and research
Rana Dias | Caiaimage | Getty Images The U.S. and Saudi Arabia pledged to collaborate on civilian space research and exploration in a bid to strengthen joint work between the allies, NASA and the State Department said in a Tuesday statement. The two nations signed a framework agreement for cooperation on areas including aeronautics, education […]
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Hundreds died through this year’s Hajj pilgrimage in Saudi Arabia amid extreme warmth, officers say
MECCA, Saudi Arabia (AP) — Hundreds of folks died for the duration of this year’s Hajj pilgrimage in Saudi Arabia as the trustworthy confronted powerful substantial temperatures at Islamic holy internet sites in the desert kingdom, officers stated Wednesday as persons experimented with to assert their liked ones’ bodies. Saudi Arabia has not commented on […]
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Saudi oil large Aramco’s shares rise just after inventory sale set to elevate $11.2 billion
Saudi Aramco brand and inventory graph are seen through a magnifier displayed in this illustration taken September 4, 2022. Dado Ruvic | Reuters Shares of Saudi Arabia’s Aramco rose on Sunday adhering to a inventory sale that’s established to raise the condition oil organization about $11.2 billion. Shares ended up buying and selling close to […]
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OPEC+ decision to increase oil supply is a ‘bearish surprise’ for the market, Goldman says
The detailed plan laid out by OPEC+ over the weekend to increase oil production delivered a “bearish surprise” to a market where prices were already under downward pressure, according to Goldman Sachs. Eight OPEC+ members, led by Saudi Arabia and Russia, agreed Sunday to gradually phase out voluntary production cuts totaling 2.2 million barrels per […]
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Oil big Saudi Aramco begins significant share sale to raise about $12 billion
Emblem of Aramco, officially the Saudi Arabian Oil Group, Saudi petroleum and purely natural fuel enterprise, witnessed on the 2nd working day of the 24th Earth Petroleum Congress at the Huge 4 Setting up at Stampede Park, on September 18, 2023, in Calgary, Canada. Artur Widak | Nurphoto | Getty Photographs Saudi point out oil […]
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Saudi Aramco offers nearly $11.5 billion in new stock for sale
The logo of Aramco is seen as security personnel walk before the start of a press conference by Aramco at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. Hamad I Mohammed | Reuters Saudi Arabia’s state-controlled Aramco said it would sell some $11.5 billion worth of additional stock in an offering that […]
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‘Biggest barrier’ to Saudi-Israeli normalization is the two-state solution, says ex-CIA director
Gen. David Petraeus, Former CIA Director, Fmr. Central Commander and American commander in Iraq. Adam Jeffery | CNBC A two-state solution to the Israel-Palestinian conflict is “elusive” right now, according to former CIA director David Petraeus, adding that it is also the “single biggest barrier” to normalizing relations between Israel and Saudi Arabia. “A solid […]
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BlackRock is opening a Saudi expenditure firm with initial $5 billion from PIF
The BlackRock logo is displayed at the firm’s headquarters in New York City on Nov. 14, 2022. Leonardo Munoz | Getty Photos Asset manager BlackRock will launch an financial investment platform in Riyadh with the assistance of a $5 billion anchor investment from Saudi Arabia’s General public Financial investment Fund (PIF), the kingdom’s sovereign prosperity […]
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