Saudi oil firm Aramco profits skyrocket amid global instability
22 August 2022 | 8:44 am
Saudi energy giant Aramco says its profits have nearly doubled compared with last year. The firm, which is nearly fully state-owned, has seen both demand — and pump prices — soar.
3 Nov 2022
A football fan from Saudi Arabia has finally reached Doha after walking 1,600 kilometres from Jeddah to attend the Qatar World Cup matches. Abdullah Al Sulmi, 33, an experienced trekker, arrived on Monday after 55 days. All he carried was a backpack, trekking pole and Saudi and Qatari flags.
23 Nov 2022
Argentina vs Saudi Arabia Match Result: Saudi Arabia produced one of the biggest upsets in World Cup history to beat Argentina 2-1 in their Group C opener with goals by Saleh Al-Shehri and Salem Al-Dawsari stunning the favourites on Tuesday.
1 Dec 2022
Saudi Arabia and Mexico are both out of the World Cup. Meanwhile, Argentina are into the last 16 after breezing past Poland 2-0. Despite their loss, the Poles are also through to the next stage. They will take on France, who topped Group D despite losing 1-0 to Tunisia.
Chinese leader Xi Jinping wrapped up a visit to Saudi Arabia with a joint statement regarding bilateral commitments. Xi also invited Saudi King Salman bin Abdulaziz to visit Beijing.
Saudi Arabian club Al Nassr have denied reports that Cristiano Ronaldo has a clause in his contract where the Portugal forward is to serve as an ambassador for the Gulf country's 2030 World Cup bid.
US oil company ExxonMobil recorded a net profit of $56 billion last year, beating its previous 2008 record. It benefitted from a surge in prices following the Russian invasion of Ukraine and a cost-cutting drive during the pandemic.
Energy giants are reaping the benefits of high energy prices. Shell followed ExxonMobil in doubling its annual profit for 2022 to nearly $40 billion, the highest in its 115-year history. It's sparked outrage among climate activists and those calling for higher taxes as households struggle with high energy bills.
Women in Saudi Arabia were banned from driving until 2018. Now, Saudi Arabian women are taking to motorsport in a big way at the country's first all-women motorsport event - the Rally Jameel.
Abraham Ancer of Mexico wrapped up the Saudi International on Sunday, beating American Cameron Young by two shots at the Asian Tour's season-opening event.
The Big Oil bonanza keeps on coming, as France's TotalEnergies rounds out a week of record profits. Oil and gas giants have faced growing criticism about their environmental impact, as well as calls to pay higher taxes while households and businesses struggle with high energy prices.
The five largest Western oil firms announced nearly $200 billion in profits after the Ukraine war sent energy prices soaring. As China reopens, oil demand is likely to stay strong, alongside calls for windfall taxes.
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