Saudi Aramco Makes Profits Of 224 Billion USD In 2018

RIYADH, Saudi Arabia, April 2 (NNN-SPA) – Saudi oil company, Aramco, made profits of 224 billion U.S. dollars in 2018, said Fitch Ratings, a major credit rating agency. “Its 2018 liquid production and total hydrocarbon production averaged 11.6 million and 13.6 million barrels of oil equivalent per day, respectively, well…

Intensified Air Strikes Hit Houthi-Held Sites In Southern Yemen

ADEN, Yemen, April 2 (NNN-SABA) – War planes of the Saudi Arabia-led coalition, launched intensified air strikes against Houthi-held sites in Yemen’s southern province of al-Dhalea on Monday, a government official said. The Saudi-led air strikes came, as a support for government forces that are engaging in ongoing armed confrontations…

Arab Investment Forum Starts In Muscat

MUSCAT, Oman, April 2 (NNN-ONA) – The Arab Investment Forum and Exhibition, kicked off on Monday, at Oman Convention and Exhibition Centre, to advance the national economy through attracting major investments. Organised by the Public Establishment for Industrial Estates (Madayn), in cooperation with Abu El Saud Global Business, the event…

European Bank Wants More Reforms To Increase Investments In Lebanon

BEIRUT, Lebanon, April 2 (NNN-NNA) – The European Bank for Reconstruction and Development (EBRD), stressed the need to accelerate investments in Lebanon for 2019, local media reported. “We want to accelerate our investments for this year … but there is a great need for urgent reforms in Lebanon, especially in…

Chinese Delegation Follows Up On Lebanon’s New Conservatory

BEIRUT, Lebanon, April 2 (NNN-NNA) – A Chinese delegation informed Prime Minister, Saad Hariri, about the progress made with the design of the Lebanese National Conservatory that will be constructed by China, in the northern Beirut suburb of Dbayeh, a statement by the Chinese embassy in Lebanon said. The Chinese…

6.2-Magnitude Quake Hits SW Ecuador

BEIJING, China, March 31 (NNN-XINHUA) – An earthquake measuring 6.2 on the Richter scale, jolted near Santa Elena, a town in south-western Ecuador, at 0704 GMT on Sunday, according to the U.S. Geological Survey. The epicentre, with a depth of 18.52 km, was initially determined to be at 1.9858 degrees…

Number Of International Tourists To Australia Hits Record High With China Remaining Top Market

CANBERRA, Australia, March 31 (NNN-XINHUA) – The number of international tourists who chose Australia as their holiday destination hit a record high last year, reaching 8.5 million, according to the latest international visitor survey results released on Saturday. Overseas tourists pumped in a total of 44 billion Australian dollars (about…

India Extends Deadline To Impose Higher Duties On 29 U.S. Products

NEW DELHI, India, March 31 (NNN-PTI) – India has once again extended the deadline to impose retaliatory tariffs on as many as 29 U.S. products, including almond, walnut and pulses, from April 1 to May 2. A notification to this effect has been issued by the government in this regard,…

Indonesia’s Catastrophe Hit-Area In Eastern Papua Province Heads To Recovery

JAKARTA, Indonesia, March 31 (NNN-ANTARA) – Jayapura district of Indonesia’s eastern Papua province, entered a three-month transitional emergency period for recovery on Saturday, after flash floods and landslides damaged 2,287 houses, the country’s disaster agency official said. The new status heading to recovery, aims to pave access to financing and…

Former PM Thaksin Deprived Of All Royal Decorations By Thai Monarch

BANGKOK, Thailand, March 31 (NNN-TNA) – Thai King, Maha Vajiralongkorn, has deprived Thailand’s former Prime Minister, Thaksin Shinawatra, of all royal decorations. The rescinding of various royal decorations earlier given to Thaksin was announced to the public, in a royal announcement which was issued on Saturday and effective on Friday.…