Iran targets busiest international airport as top UN body demands halt to attacks on Gulf neighbors
Read full article: Iran targets busiest international airport as top UN body demands halt to attacks on Gulf neighborsIran targeted the worldโs busiest international airport Wednesday and attacked commercial ships as U.S. and Israeli strikes rocked Tehran, while the United Nationsโ most powerful body demanded a halt to the Islamic Republicโs strikes on its Gulf neighbors that threaten global oil supplies.
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Saudi Aramco half-year profits plunge 50% from virus impact
Read full article: Saudi Aramco half-year profits plunge 50% from virus impactProfits for the first six months of the year plunged to $23.2 billion, half of last years $46.9 billion for the same time period. Despite massive efforts by Saudi Crown Prince Mohammed bin Salman to diversify the economy, Saudi Arabia still depends heavily on oil exports to fuel government spending. Aramco was knocked out of its top spot as the worlds most valuable listed company by Apple in recent days. At its highest, Aramco traded above $10 a share in December and at it lowest slipped to $7.20 a share in March. Even before the half-year results were announced, it was clear Aramco's half-year earnings would take a hit with the company's first quarter profits down 25%.
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