Oil giant Saudi Aramco announced its 10th straight drop in quarterly profits on Tuesday as a slump in prices hit revenues, putting more pressure on the key driver of the Saudi economy. Second-quarter ...

Saudi Arabia’s Public Investment Fund saw its profits fall by 60% in 2024 compared to the previous year, as low oil prices, soaring inflation and costly infrastructure projects started to bite. What ...

Major Gulf stock markets fell on Sunday on weaker oil prices and profit-taking, with sentiment further pressured by concerns ...

FILE - Storage tanks are seen at the North Jeddah bulk plant, an Aramco oil facility, in Jeddah, Saudi Arabia, on March 21, 2021. (AP Photo/Amr Nabil, File) (Amr ...

Gulf markets took a hit on Sunday after a sharp slide in oil and a wave of profit-taking pushed traders back into defensive ...

“Saudi stocks remain rather unappealing,” said Nenad Dinic, an EM equity strategist at Bank Julius Baer & Co. “First, the ...

DUBAI (Reuters) -Saudi Arabia's Aramco, the world's top oil exporter, reported a 2.3% fall in quarterly profit on Tuesday, citing a drop in crude and product prices, but its performance improved from ...

Oil prices – a key driver for Gulf financial markets – settled lower on Friday, posting a 4 percent weekly decline as ...

The world's biggest oil exporter has now seen profits decline for 10 straight quarters since record results in late 2022. - Copyright GETTY IMAGES NORTH AMERICA/AFP ...