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Breaking News: Middle East

Saudi Aramco second-quarter profit dips amid lower production volumes

by Milton Acorn
Saudi Aramco second-quarter profit dips amid lower production volumes

Members of media chat 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 …

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Categories Science

‘Reformist’ Masoud Pezeshkian elected president

by James Odonell
‘Reformist’ Masoud Pezeshkian elected president

FILE PHOTO: Presidential candidate Masoud Pezeshkian shows the victory sign during a campaign event in Tehran, Iran June 23, 2024. Majid Asgaripour | Via Reuters Iran elected Masoud Pezeshkian to …

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Categories Politics

Oil alliance OPEC+ extends collective crude production cuts into 2025

by Milton Acorn
Oil alliance OPEC+ extends collective crude production cuts into 2025

OPEC+, a group of 23 oil-producing nations led by Saudi Arabia and Russia, will convene on Sunday to decide on the next phase of production policy. Bloomberg | Bloomberg | …

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Categories Science

Food charity says seven of its workers killed in Israeli airstrike

by Adrian Jhonsan
Food charity says seven of its workers killed in Israeli airstrike

A boy holds out an empty pot as he waits with other displaced Palestinians queueing for meals provided by a charity organisation ahead of the fast-breaking “iftar” meal during the …

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Categories World

Saudi oil giant Aramco posts 25% fall in full-year profit

by Milton Acorn
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 …

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Categories Science

Maersk halts Red Sea shipping until further notice after Houthi militant attack

by Adrian Jhonsan
Maersk halts Red Sea shipping until further notice after Houthi militant attack

Shipping company Maersk posted record annual earnings for 2022 but warned that profits are set to tumble this year as a “more balanced demand environment” emerges. Picture Alliance | Picture …

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Categories World

Riyadh to extend 1 million-barrel-per-day cut as OPEC+ holds policy

by Adrian Jhonsan
Riyadh to extend 1 million-barrel-per-day cut as OPEC+ holds policy

The logo of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria, on Thursday, July 6, 2023. Bloomberg | Bloomberg | Getty Images The influential Organization of the …

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Categories World

Oil giant profit slides 23% in third quarter

by Adrian Jhonsan
Oil giant profit slides 23% in third quarter

Saudi state oil giant Aramco posted a 23% drop in net profit in the third quarter to Sept. 30, down to $32.6 billion attributable to “the impact of lower crude …

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Categories World

Turkey’s central bank hikes key interest rate to 35%

by Adrian Jhonsan
Turkey’s central bank hikes key interest rate to 35%

Turkish Central Bank Governor Hafize Gaye Erkan answers questions during a news conference for the Inflation Report 2023-III in Ankara, Turkey on July 27, 2023. Anadolu Agency | Anadolu Agency …

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Categories World

Turkey’s central bank hikes interest rate to 30%

by Adrian Jhonsan
Turkey’s central bank hikes interest rate to 30%

Turkey’s Taksim Square, with the figure of Kemal Ataturk, the first president, and the Turkish flag in the background. Sopa Images | Lightrocket | Getty Images Turkey’s central bank hiked …

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Categories World
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