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
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
Cars in ponivachyna. In odesa, they continue to search for two children under the rubble of a destroyed highrise building. Five residents, who were considered missing, contacted the rescuers today. At the moment , ten people are known to have died. In the morning, rescuers found the bodies of the mother and child. A woman was holding an eightmonthold baby. So they were found under the ruins. Children who are also wanted. This one family among those who were killed by russian terrorists in this house were two more children threeyearold mark and fourmonthold timofeyko. Today is a day of mourning in odesa. The townspeople carry flowers, candles and toys to the highrise building. The occupiers have reduced the intensity of the assaults in the kupyansk direction, ilya yevlazh, the spokesman for the Eastern Group of forces, said. In recent days, fierce battles took place near the village of senkivka kharkiv. Region, the enemy is now consolidating his positions, as he realized that his attack
Or have emotions . Dog owners know the answer to that but mps have been accused of denying that animals can have feelings. If they really believe that war is that fake news . Good evening and welcome to bbc news. British workers are facing an unprecedented two decades, without any rise in average earnings according to the leading Economic Research group, the institue for fiscal studies. It says the forecasts published with yesterdays budget made for pretty grim reading with government borrowing still going up and austerity continuing. Its predicted that average earnings in 2022 could still be less than they were in 2008. But the chancellor has said hes confident he can defy the gloomy predictions as our economics editor kamal ahmed reports. It can all seem little distance, the treasury, the grand office of state but the growth downgrade yesterday is likely to leave millions of people worse off. Out shopping, adele and her daughter. It is the struggle making ends meet. Adele and her dau
Extensive every year. Welcome to outsideside source. We begin in saudi arabia. A story we have coffered previously previously, the anti corru ption have coffered previously previously, the Anti Corruption purge which began almost three weeks ago. The crackdown initiated by the crown prince bin salman. Seen by most saudis as the countrys leader in waiting. The supporters say that the purge is overdue, critics say he is boosting his power, both could be true. More than 200 people have been arrested and while the names have not been released, they are believed to include 11 prisons, including two nephews of the crown prince. They are detained in riyadh in the five star ritz carledon hotel. Where wealthy Business People and visiting dignitaries stay. It is very grand there. Donald trump was there in may. Lots of visiting dignitaries go there. Lots of top business executives. So you can imagine the speculation as to what is going on inside the ritz calton. For the first time we can take you