Second-quarter profit experiences significant decline
Saudi state oil giant Aramco reported 112.81 billion riyal ($30.07 billion) in net profit in the second quarter, a drop of nearly 40% from the same period of last year …
middle-east
After Three Decades in Charge, Lebanon’s Central Bank Chief Resigns
Riad Salameh’s tenure as governor of Lebanon’s central bank on Monday came to an end after 30 years, with many sharply critical of the legacy he now leaves behind. “The …
Is the Worst Over for Falling Smartphone Shipments?
Worldwide smartphone shipments have experienced a decline for the eighth consecutive quarter, according to a report by the International Data Corporation (IDC). In the second quarter of 2023, a total …
Chinese tourists opt to remain in their home country for travel
Are you prepared? That was the question that many in the travel industry asked following China’s surprise reopening announcement in the final days of 2022. Many assumed that a torrent …
Preparations in the Middle East for the Post-Oil and Electric Vehicle Transportation Era
U.S. electric vehicle maker Lucid Group will set up its first overseas factory in Saudi Arabia, the company announced. Javier Blas | Bloomberg | Getty Images When BlackRock, the world’s …
National: U.S. Deploying F-16s to Strait of Hormuz for Safeguarding Ships against Potential Seizure by Iran
The U.S. is increasing its use of fighter jets in the strategic Strait of Hormuz to protect ships from Iranian seizures, according to a senior defense official. The official stated …