Business stories. We start in saudi arabia as the Worlds Biggest Oil Company Aramco is set to announce its latest Half Year Results in the next half an hour or so. Last year, aramco netted record profits of over 160 billion, buoyed by soaring energy prices. But in may this year, they reported that profits dropped by nearly a fifth in the first three months of the year as the gloomy Global Outlook saw oil prices drop. To tackle this, saudi arabia has been cutting production to the tune of1 Million Barrels a day. They started in july and have now extended to september. The oil price has since been creeping up. Live now to our middle east Business Correspondent sameer hashmi. Sameer, nice to see you. 160 billion is so much money made in a year. What are they expected to say in the next half hour . Expected to say in the next half hour . Sally, ithink it is matching half hour . Sally, ithink it is matching up half hour . Sally, ithink it is matching up to half hour . Sally, ithink it is ma
business stories. we start in saudi arabia as the world s biggest oil company aramco is set to announce its latest half year results in the next half an hour or so. last year, aramco netted record profits of over $160 billion, buoyed by soaring energy prices. but in may this year, they reported that profits dropped by nearly a fifth in the first three months of the year as the gloomy global outlook saw oil prices drop. to tackle this, saudi arabia has been cutting production to the tune of1 million barrels a day. they started in july and have now extended to september. the oil price has since been creeping up. live now to our middle east business correspondent sameer hashmi. sameer, nice to see you. $160