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
Theres a growing consensus that mob rule is replacing democratic rule. And a chap from amnesty rule. And a chap from Amnesty International says hes a wildly exaggerate the issue and risks delegitimizing the right of peaceful protest. Peaceful protest. Is that his official job title . Chap chap at amnesty . Well, i can name him tom southerden, Amnesty International, southerden, Amnesty International , the uks law and international, the uks law and human rights director , says human rights director, says i prefer chap, says the Prime Minister is wildly exaggerating the issue of this mob rule. Do you think he is . I think thats overinterpreted what the Prime Minister to according all minister said, to according all these reports, the Prime Minister was saying some people are as hes are interpreting this as hes not literally saying that mobs are the country. Be are ruling the country. Be concerning. If prime concerning. If the Prime Minister because minister was saying that because nominal
You expecting . I think there will be a rate rise and everyone you expecting . I think there will be a rate rise and everyone is a rate rise and everyone is expecting 0. 25 from the bank today. The challenge it has is that its looking at what inflation has already done and we know Interest Rate rises take quite a while to filter through. Rate rises take quite a while to filterthrough. Is rate rises take quite a while to filter through. Is any danger here that rates go too high and therefore strangle the economic recovery . There is always a risk when putting Interest Rates up, its a really hard job to do. To know that when youre putting your foot on the accelerator that is going to do the right thing because there are lots of lags in how long it takes. In general, you get the sense of the Bank Of England and the message, they are more concerned about doing nothing, they feel that they can dial back on that a little bit more than letting inflation continue to persist. Obviously, the ris
With mr. Zanganeh, the spokesman of the parliaments consolidation commission, and in the name of allah, the most merciful, the most merciful, greetings to you and dear viewers today, in the continuation of the review of the materials related to the field of health, several clauses regarding the red crescent and the articles regarding the statutes of this organization were raised and some of the legal loopholes that were faced for the operation of this organization. In the continuation of the review and it was approved, among other approvals regarding the supply of medical vehicles, especially ambulances , we exempted the importation of ambulances by the red crescent emergency and the trustees from paying customs duties and import duties. The afternoon session discussed so far and it was reviewed and finally approved in the field of energy ferma, the approval of home solar power plants that are installed by the dependent members under the cover of the Imam Khomeini Welfare Relief Commit