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Saudi Arabia is positioning its tourism sector to rival oil as a cornerstone of the national economy by 2030, targeting a 10% ...
DUBAI, United Arab Emirates (AP) — Saudi Arabia’s state-owned oil giant Aramco posted first-quarter profits of $26 billion on Sunday, down 4.6% from the prior year as falling global oil prices ...
Saudi Aramco's first-quarter net profit fell 5% year-on-year amid lower oil prices and production. Net income for the three months to March 31 came in at $26 billion, down from $27.3 billion for ...
In order to break even on spending, the state of Saudi Arabia needs the price of oil to be at least $96 a barrel, Bloomberg estimated. (Other estimates put the number above $100 a barrel.) ...