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
Global Market for Data Protection Global Market for Data Protection Dublin, Nov. 01, 2023 (GLOBE NEWSWIRE) The "Data Protection - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.The global market for Data Protection estimated at US$64.5 Billion in the year 2022, is projected to reach a revised size of US$116.6 Billion by 2030, growing at a CAGR of 7.7% over the analysis period 2022-2030. Large Enterprises, one of the segments analyzed in the report
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/PRNewswire/ RiverMeadow Software Inc., a leading provider of Multi-Cloud Migration Software and Services, announced today that it is expanding its product.