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Apas stops short of establishing criminal intent in Big Four firm’s conduct
...The company will report its 2023 financial results on Sunday....
...Halting the oil expansion plan, however, will provide Aramco with “increased flexibility” over capital expenditure, and the opportunity to increase domestic gas production and expand the company’s petrochemicals...
...The extra money for Aramco Ventures would more than double its capital to $7bn from $3bn, the state-run company said in a statement on Wednesday....
...Airbus has walked away from talks with Atos over a potential deal to buy its prized data and security business, imperilling efforts by the French IT services company to avoid going into debt restructuring...
...Saudi Aramco’s net profit declined by more than a fifth in the third quarter as the world’s largest oil company by market capitalisation sold less oil for cheaper prices....
...Saudi Aramco’s chief executive, Amin Nasser, who is in charge of the company day-to-day, said the “robust financial results reinforce Aramco’s ability to generate consistent value for our shareholders”....
...to German security services....
...Large financial services companies often operate their Middle East businesses under a broader geographical area that includes Europe and Africa, and bankers have told the Financial Times that several lenders...
...Despite state-led production cuts, which reduced Saudi Aramco’s oil production about 7 per cent year-on-year, the state-owned company was able to juice its total annual dividend by 30 per cent to a whopping...
...The main buyers of the assets were state-controlled oil group Saudi Aramco and Mol, the Hungarian oil company....
...Saudi Aramco accounts for about 10 per cent of the 100mn barrels of oil the world consumes every day....
...Saudi Arabia’s energy ministry on Tuesday asked the state oil company Saudi Aramco to halt a planned 1mn barrels per day expansion in oil production to 13mn b/d. This had been due by 2027....
...that the company provides Chinese public security authorities....
...The fact is that a large chunk of the company’s core brokerage services remains under pressure. Business has picked up with interest rate rises....
...Negotiations between highly indebted IT services company Atos and its lenders are hanging in the balance after one of its biggest creditors, Crédit Agricole, signalled it wanted to walk away....
...Analysts had forecast net income of $29.8bn, according to an average compiled by the company....
...Aramco expects to spend between $45bn and $55bn this year, which is double the capital expenditure planned by Europe’s biggest oil company Shell....
...To stay one step ahead of threat actors, he recommends that businesses adopt a threat intelligence system and collaborate with cyber security companies, just as Saudi Aramco has done with Dragos....
...Its services arm, which includes income from the App Store, video streaming arm and Apple Music, has steadily increased as a proportion of the company’s total revenues, which is still dominated by sales...
...The approach underlines private equity interest in the sector and comes after several firms made investments in professional services businesses in the US and Europe....
...“We should abandon the fantasy of phasing out oil and gas and, instead, invest in them adequately reflecting realistic demand assumptions,” Amin Nasser, chief executive of Saudi Aramco, the world’s biggest...
...The UN has told banks including Citi, Goldman Sachs and BNP Paribas that their financing of Saudi Aramco may be in violation of global human rights rules because of the state-run oil company’s contribution...
...Saudi Aramco has a message for climate campaigners: Your protests are not getting rid of us anytime soon....
...I offloaded on to him again recently when BA’s parent company IAG revealed record annual profits. When levels of service go down, volumes of complaints go up....
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