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
Flag is due to go up at nato headquarters. This is live as the countryjoined the alliance. A former conservative Party Chairman has defected to the Populist Party Reform Uk to become their first uk mp. And oppenheimer wins big at the oscars, taking several awards including best picture, Best Director and best actor. Hello im the Princess Of Wales has personally apologised for the confusion over the photograph issued by Kensington Palace on mothers day. Like many Amateur Photographers, i do occasionally experiment with editing. She added i wanted to express my apologies for any confusion the Family Photograph we shared yesterday, caused. Her post on social media signed Cfor Catherine came after several International News agencies i do occasionally experiment with editing. She added i wanted to express my apologies for any confusion the Family Photograph we shared yesterday, caused. Her post on social media signed Cfor Catherine came after several International News agencies including Th
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