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Stories from Saudi Arabia

444 stories in this location, newest first.

economy 1d ago Dhahran

Saudi Aramco Profit Jumps 26% Amid Oil Supply Drop

Saudia Aramco reported a 25% increase in its first-quarter profit. This surge is attributed to the ongoing Iran war, which is reshaping the global oil market. The surge in earnings reflects current market dynamics and demand for oil. The company's performance reflects broader market trends. Further details on the profit drivers were provided. The specific financial period for this profit jump was not stated. Saudi Aramco's net profit for the first quarter was $33.6 billion, a 26% increase compared to the same period last year. The company's CEO stated that global oil supply has decreased by approximately 1 billion barrels over the past two months, influenced by energy price volatility due to ongoing conflicts.
Mastodon
politics 2d ago Saudi Arabia

Trump Transactional Dealings With Saudi Arabia Detailed

Donald Trump's business dealings with Saudi Arabia are described as transactional, with property deals occurring even before his first term. The LIV golf venture is mentioned as an example of his approach.
Bluesky Social
other 2d ago Taif

Taif Municipality Undertakes Garden, Facility Efforts

The Taif Municipality is engaged in efforts concerning gardens and the maintenance of facilities. These initiatives are part of broader preparations and welcoming activities for visitors.
SBA Radio Riyadh
politics 2d ago Riyadh

Delegation For Hajj Participants Reportedly Killed

Saudi Arabia's leadership is focusing on maintaining order and security for Hajj pilgrims. Efforts are also underway for several projects, according to the source. These initiatives are part of the Kingdom's ongoing commitment to the pilgrimage.
SBA Radio Riyadh
economy 2d ago Dhahran

Aramco Reports Two Declines Exceeding 34%

Engineer Amin Al-Nasser, the CEO of Aramco, confirmed the company's performance during the first quarter. Aramco CEO Amin Nasser confirmed the company's first-quarter performance, stating that 10 million tons were processed during April.
SBA Al-Ekhbariya
economy 2d ago Riyadh

Aramco Q4 Profits Rise 26% Above 120 Billion Riyals

A Saudi report indicated a momentum of 26 percent, with figures exceeding 120 billion riyals in the fourth quarter. Another source also discussed the report's figures, mentioning 'margins from the 100'. These profits are scheduled to be paid on June 1st.
SBA Al-Ekhbariya
economy 2d ago Riyadh

Real Estate Photographers Face 5000 Riyal Fine

A new regulation in Saudi Arabia imposes a 5000 Saudi Riyal fine on any real estate photographer who commits a violation.
SBA Al-Ekhbariya
environment 2d ago Jabal Fifa

Four Plant Species Extinct From Fifa Nature

A report noted that four plant species have become extinct from the nature of Fifa.
SBA Al-Ekhbariya
sports 2d ago Jeddah

Saudi Forum Studies Sports Systems For Transparency

A two-day forum has launched in Saudi Arabia at the King Faisal Conference Center at King Abdulaziz University. The forum's second axis involves studying sports systems and how to adapt them to enhance transparency.
SBA Al-Ekhbariya
health 2d ago Ha'il

Saudi Public Health Monitors Pilgrims In Ha'il

The Public Health Authority, in coordination with the health system and service providers, is monitoring the health status of pilgrims in Ha'il.
SBA Al-Ekhbariya