Riyadh: Saudi oil company Aramco has become the world’s second largest company by value, pushing Microsoft to third place. According to Al Arabiya, Aramco’s value has reached 2.11 trillion dollars (7.92 trillion Saudi riyals). In 2022, Aramco achieved its highest ever profit, after a 46.5 percent increase to 604 billion riyals ($161 billion) from 412.4…
Riyadh: Saudi Arabia’s military spending reached a record level of seventy-five billion dollars, a sixteen percent increase in defense spending in Saudi Arabia was recorded during one year. According to the Stockholm International Peace Research Institute’s report on global military spending in 2022, Saudi Arabia ranks fifth in the world in terms of the increase…
“The prison sentences delivered today in Belarus against four human rights defenders, including Nobel Peace Prize laureate Ales Bialiatski, are deeply troubling and indicative of the ongoing repression in the country,” said Ravina Shamdasani, spokesperson for the UN human rights office, OHCHR. UN human rights chief Volker Türk has called for an end to the…
Saudi Arabia has indicated that it will not give financial aid without any conditions in the future. In an interview with a foreign news agency, the Minister of Finance of Saudi Arabia, Muhammad Al-Jadaan, said that Saudi Arabia gives direct grants and deposits without any conditions, but this policy is now is being changed. Now,…
