Saudi Aramco’s Q1 net profit up 30 per cent at $21.7 billion
04 May 2021 A view of the Saudi Aramco’s Abqaiq oil processing plant. Agence France-Presse
State-run oil producer Saudi Aramco beat analysts’ forecasts on Tuesday with a 30 per cent rise in first-quarter net profit and maintained its dividend payout, helped by strong oil prices.
Earnings by global energy companies such as Exxon Mobil have climbed on the back of rising crude prices, which are up by about a third this year, as fuel demand recovers from the pandemic and as a global surplus of crude shrinks.
“Given the positive signs for energy demand in 2021, there are more reasons to be optimistic that better days are coming,” Amin Nasser, chief executive of the world’s top oil exporter, said in a statement.
The War On Extremism, 5 Years On The Media Line Staff
Asharq Al-Awsat, London, April 30
When governments fight extremists, they often choose the easiest and most convenient way to address the terrorism threat: by bowing down their heads and accepting the demands of terrorists. The results are always harmful. The extremists end up taking control of society and imposing their agenda on the silent majority, thereby weakening the state and destroying the economy. The more difficult, yet ultimately more beneficial way, of dealing with extremists is to nip terrorism in the bud by dealing with extremism using an iron fist. This is exactly what Saudi Arabia has done. Under the leadership of Crown Prince Mohammed Bin Salman, the kingdom has battled extremism at its roots – by targeting and eradicating extremist thought and ideology, even before it materializes into actions. Over the course of the past five years, the kingdom succeeded in completely changing its religious discourse, cra
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(Bloomberg) Saudi Arabia, one of the world’s biggest buyers of wheat and barley, is preparing to sell some of its grain silos as part of Crown Prince Mohammed Bin Salman’s privatization drive.
State-owned Saudi Grains Organization aims to start selling silo sites as soon as this year, according to people familiar with the matter. SAGO will seek bids from foreign and local firms, said the people. No decisions have been made and SAGO may retain the assets, they said.
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US, Saudi hold discussions on political solution to Yemen war
A man walks on rubble of a house hit by airstrikes carried out by warplanes of the Saudi-led coalition, on 28 July 2019 in Sana a, Yemen [Mohammed Hamoud/Getty Images] May 1, 2021 at 1:00 pm
US Special Envoy for Yemen Tim Lenderking met on Friday with Saudi Arabia s Crown Prince Mohammed Bin Salman to discuss a comprehensive political solution to Yemen s civil war,
Anadolu Agency reported.
The US diplomat and Bin Salman discussed the latest developments in Yemen and reviewed the joint efforts exerted by their countries to reach a political solution to the crisis.
L Iran salue le changement de ton de l Arabie Saoudite, selon un ministère latribune.fr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from latribune.fr Daily Mail and Mail on Sunday newspapers.