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Business stories. We start in saudi arabia as the Worlds Biggest OilCompany 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 ....
A warm welcome to the programme. many will look at this news out of indonesia todayjust this news out of indonesia today just over 5% growth this news out of indonesia todayjust over 5% growth with envy. today ust over 596 growth with en . , ., , today ust over 596 growth with en. , . ., envy. yes, that s correct, that i think indonesia, envy. yes, that s correct, that i think indonesia, like - envy. yes, that s correct, that i think indonesia, like lots - envy. yes, that s correct, that i think indonesia, like lots of. i think indonesia, like lots of other countries, notjust in other countries, not just in asia other countries, notjust in asia but around the world, face a significant headwind so it s likely that growth will slow in the second half the year. the central bank, like many others across the world, has hiked interest rates aggressively over the past year clampdown on inflation and i think it will act as a headwind and causing it s a slow and they also have additional ....