Saudi Aramco’s first-half profit fell to a mere $47 billion
Saudi Aramco provided a rare peek at its financial situation today, reporting half-year earnings (pdf) down 12% from a year earlier.
https://www.youtube.com/watch?v=c_v1UTIfhT4
Lower oil prices, along with pared back production, has weighed down...
UAE is key partner to achieve $5trn Indian economy, says PM Modi
India sees the UAE as a key partner to achieve its ambitious dream of achieving a $5 trillion economy, Prime Minister Narendra Modi told state news agency WAM in...
Vladimir Putin gave China’s Xi Jinping ice cream for his 66th birthday
BEIJING (Reuters) - Chinese President Xi Jinping celebrated his 66th birthday on Saturday with Russian President Vladimir Putin, who Xi considers a close friend and who gave Xi ice...
Saudi Aramco named the most profitable company in the world
Saudi Aramco was the world’s most profitable company in 2018, easily surpassing US behemoths including Apple and Exxon Mobil, according to an extract of the firm’s accounts published by...
Kuwait Petroleum said to reassess $500bn investment plan
Lower oil prices, Kuwait's reduced output under a deal by OPEC to pump less crude, and a re-evaluation of how best to spend the money have prompted the review.
https://www.youtube.com/watch?v=7CuZchaB8dQ
Kuwait...
Saudi Arabia to raise $36bn for transport infra investment
Saudi Arabia plans to raise 135 billion riyals ($36 billion) for transportation-infrastructure projects over the next 11 years, as part of a sweeping plan to overhaul the economy of...
Saudi Crown Prince to launch $425 billion infrastructure plan
Saudi Arabia is seeking $425 billion in investment by 2030 for infrastructure as well as energy, mining and other industrial projects, as part of an effort to cut its...
Emaar launches business development operations in China
The offices serve as a link between China and the UAE, a place where the Chinese can connect with opportunities in the UAE for tourism, investment and shopping.
https://www.youtube.com/watch?v=nYOGEmabAoc
Dubai, UAE;...
Abu Dhabi approves ADNOC’s $132bn five-year growth plan
Abu Dhabi’s Supreme Petroleum Council (SPC) today approved a $132 billion (AED486bn) capital investment plan to support Abu Dhabi National Oil Company’s (ADNOC) five-year growth plan.
https://www.youtube.com/watch?v=muo1o4I5pxM
In a series of...
China leads as global billionaires’ wealth soars to $8.9trn
China produced two new billionaires a week last year as the fortunes of the world's ultra-rich soared by a record amount, Swiss banking giant UBS and auditors PwC said...