A sharp fall in its net profit, slipping 25 in 2023 compared to the previous year. Aramco attributed the downturn to Lower Crude Oil prices and decreased production. The companys net income dropped from 161 billion in 2022 to 121 billion last year. Despite the challenges posed by declining oil prices, aramco will increase its dividend payments, providing a much needed financial boost to saudi arabia. Lets get more now from our middle east Business Correspondent sameer hashmi. With a big fall off in profit, why is it increasing its dividend . It its dividend . Is a steep fall compared to 2022. It is a steep fall compared to 2022. It is still the second best performance in terms of annual results at 121 billion. Two reasons why they increased the dividend pay out. Number one, Aramco Abbott is the main driver of the Saudi Arabian economy. Saudi owned entities own 19 of it and they rely heavily on that income to really find some these massive projects inside arabia. They tried to keep the
Beijing has reacted angrily saying it s gravely concerned about the order. A spokesman for the Chinese Embassy in washington said the curbs seriously undermine the interests of chinese and American Companies and investors. But republicans have said the restrictions don t go far enough. From new york, Michelle Fleury has more. This is a new front in the tech war between two global superpowers. The restrictions prevent American Private equity and Venture Capital firms from investing in high tech sectors in china such as quantum computing, Artificial Intelligence and advanced semiconductors. The goal is to stop us capital and know how from speeding up the development of technologies that could help china develop weapons for use against america in a military conflict. It would also require firms making investments in a broader range of sensitive Chinese Industries to report that activity. Potentially laying the ground for more restrictions on investments down the road. The regulations aren
Kilometres up, and the rocket will cause go to the Edge Of Space, where there is zero gravity and weightlessness for a few moments. Those are the live pictures as they start that 90 minute live lets bring in dr stefania soldini, senior lecturer in space engineering. She is in liverpool and also watching these pictures. Is in liverpool and also watching these ictures. ,. ,. , these pictures. How excited are you to see a mission these pictures. How excited are you to see a mission like these pictures. How excited are you to see a mission like this these pictures. How excited are you to see a mission like this get these pictures. How excited are you to see a mission like this get off to see a mission like this get off the ground . It is always very exciting to see and witness such an exciting flight, so for people, all eyes are on the tv at the moment, really. find so for people, all eyes are on the tv at the moment, really. Tv at the moment, really. And it terms of a tv at the moment, r
The Parker Review found 12 of ftse 100 bosses are from an ethnic minority up from 7 in 2022. But its still short of the 18 of people in the uk who are from a non white ethnic group according to the most recent census. Joining me now is soumen das, the co chair of the Parker Review. Hes also the chief financial 0fficerfor segro, a ftse 100 listed Real Estate Investment trust. So, some progress as we said, but not enough. What is Holding Back Progress on this front . figs not enough. What is Holding Back Progress on this front . Not enough. What is Holding Back Progress on this front . As we talk about this this progress on this front . As we talk about this this morning, progress on this front . As we talk about this this morning, there progress on this front . As we talk about this this morning, there is l about this this morning, there is reasons for optimism, weve come a long way, part of the review has been running for nine years, and the number of ethnic minority directors of boar
As it could have been, certainly not as restrictive as the rumours suggested it would be when the Administration First announced announced it was considering Something Like this. You know, it really only targets new investments into chinese firms, and only chinese firms that derive more than 50 of their revenue from sensitive sectors like ai, quantum computing, and advanced semiconductors. And that is far more narrow than we couldve seen because last october, the administration talked about a broader range of industries that were National Security sensitive and would require either Export Controls or some sort of investment restriction, or both. As michelle mentioned, businesses get a say in this what kind of reaction are you expecting from American Companies . Well, American Companies that have been investing in these will not like this and will push back, and try to seek implementation that is as narrow as possible. Itll be a back and forth conversation, im sure, and ultimately the a