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Business

Saudi Aramco: Saudi oil giant’s profit rises by 288% as Covid-19 restrictions ease worldwide

The Saudi Arabian Oil Company, Saudi Aramco, reported profits jump as a result of rise in oil prices and as demand recovers. The company added that the easing of Covid-19 restrictions, vaccinations, stimulus measures and the return of economic activity have supported results. Crude oil prices have risen by more than 30% since the start […]

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Social Media Reactions

Saudi Aramco humiliates foreign worker after dressing as hand-sanitizer bottle amid coronavirus scare

Amid the coronavirus pandemic stories of racism have also been on the rise. A recent incident was a promotional act initiated by Saudi Arabian oil company Aramco, which is facing flak for dressing up an immigrant employee in the garb of a humanoid hand-sanitizer deployer. The company was accused of racism and exploitation after images […]

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Business

Saudi Aramco crosses $2 trillion market valuation

Saudi Aramco, the world’s most profitable company and controlled by the Saudi Royal family, crossed $2 trillion mark in market value on second day of trading after its shares surged as much as 9.94 percent to hit an intraday high of 38.7 Saudi Riyals on Thursday. The Saudi Crown Prince Mohammed bin Salman has made […]