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
For the confusion over the family photograph issued by Kensington Palace on mothers day the princess of wales has admitted sometimes editing pictures. Several News Agencies had withdrawn the photo, over concerns it had been digitally manipulated. But Kensington Palace says, it wont release the original, unedited photograph. There is always frenzied speculation about the royals theres been a lot of unsubstantiated speculation about the princess of wales health. This picture released yesterday was the First Official image of her this year after that surgery back in january. A number of people have noticed discrepancies. Once you see them they are actually hard to ignore. Have a look at this bit. This is princess charlottes sleeve as you can see these bits here dont match up. The same is true if you look at princess catherines zip for the part of it is here, part of his hair, it doesnt match up in this picture either. And im finally this is a hand, princess catherines hand around the wai