Saudi Aramco upholds dividend despite drop in first-quarter profits
Saudi Aramco’s first-quarter net profit fell 14% year-on-year amid lower oil prices and production. Net income for the three months up to March 31 came in at $27.3 billion, down…
Turkey’s inflation accelerates to nearly 70% in April
A Turkish national flag, left, and a flag bearing the portrait of Kemal Ataturk, founder of the modern Turkish republic, hang from the exterior of a building in the Sisli…
Presight buys majority stake in technology joint venture AIQ
A view of the city skyline at sunset from Dhow Harbour in Abu Dhabi, United Arab Emirates, on Feb. 5, 2015. Dan Kitwood | Getty Images DUBAI — Abu Dhabi…
BlackRock to open a Saudi investment firm with $5 billion from PIF
The BlackRock logo is displayed at the company’s headquarters in New York City on Nov. 14, 2022. Leonardo Munoz | Getty Images Asset manager BlackRock will launch an investment platform…
Saudi Arabia says all NEOM megaprojects will go ahead as planned
Saudi Arabia’s economy minister rejected recent reports that the kingdom’s $1.5 trillion NEOM megaproject, a futuristic desert development on the Red Sea coast, is scaling back some of its plans.…
All-out war, or measured retaliation?
A banner depicting missiles and drones flying past a torn Israeli flag, with text in Persian reading “the next slap will be harder” and in Hebrew “your next mistake will…
Pakistan court grants Imran Khan appeal of graft conviction, sentence suspended
Pakistan’s former Prime Minister Imran Khan, gestures as he speaks to the members of the media at his residence in Lahore, Pakistan May 18, 2023. Mohsin Raza | Reuters A…
Turkey’s local elections — and whoever wins Istanbul — could dictate future
As the sunsets, a ferry boat glides across the waters of the Golden Horn with the Suleymaniye Mosque and the city of Istanbul, Turkey in the background. Vw Pics |…
Turkey opts for new tightening strategy after signaling pause to hikes
A picture taken on August 14, 2018 shows the logo of Turkey’s Central Bank at the entrance of its headquarters in Ankara, Turkey. ADEM ALTAN | AFP | Getty Images…
Saudi oil giant Aramco posts 25% fall in full-year profit
Logo of Aramco, officially the Saudi Arabian Oil Group, Saudi petroleum and natural gas company, seen on the second day of the 24th World Petroleum Congress at the Big 4…