Energy giant Saudi Aramco reported a 15 percent drop in third quarter profit due to low oil prices, with net income falling to $27.56 billion from $32.58 billion in 2023. The firm cited lower crude oil prices and weakening refining margins as the main reasons for the decline, despite producing nine million barrels per day, below its capacity of 12 million bpd. Aramco’s profits help fund Saudi Crown Prince Mohammed bin Salman’s Vision 2030 reform agenda, which aims to diversify the economy away from oil dependence.
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Palestinians welcome ICC arrest warrants for Israeli officials
The Palestinian Authority and Hamas welcomed the ICC's arrest warrants for Israeli PM Netanyahu and former defence minister Gallant over war crimes in Gaza, with the Palestinian Authority calling it a step towards justice. The warrants accused Netanyahu and Gallant of crimes against humanity and war crimes, while Hamas also supported the decision but highlighted the need for global support. Despite the warrants, Palestinians affected by the Gaza war expressed skepticism about the enforcement and...
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