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August 13, 2020
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Saudi Aramco profit drops 50% for first half of the year as pandemic batters oil price

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CNBC – For more and to sign up click here An offshore drilling platform stands in shallow waters at the Manifa offshore oilfield, operated by Saudi Aramco, in Manifa, Saudi Arabia. Simon Dawson | Bloomberg | Getty Images Oil giant Saudi Aramco has reported a 50% fall in net income......
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This is one of the biggest mistakes investors can make when it comes to the China trade, ETF analyst says

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CNBC – For more and to sign up click here US-China trade: One ETF for capitalizing on rising tensions SEARCH QUOTES Source – Click here for more To Return to the Main Aggregate News Page – click here...
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Beirut damage is in the ‘billions,’ Lebanese central bank to offer interest-free loans for destroyed property

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CNBC – For more and to sign up click here People walk at scene of an explosion in Beirut on August 4, 2020. ANWAR AMRO | AFP | Getty Images The destruction wreaked on Lebanon’s capital in the Beirut port explosion Tuesday that killed more than 100 people is in......
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Beirut death toll rises to at least 100 as explosion is blamed on 2,750-ton ammonium nitrate stash

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CNBC – For more and to sign up click here Beirut explosion: Death toll at least100, ammonium nitrate stash blamed SEARCH QUOTES Source – Click here for more To Return to the Main Aggregate News Page – click here...
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India’s interior minister tests positive for coronavirus, hospitalized

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CNBC – For more and to sign up click here Pedestrians wearing protective face masks in front of a mural in New Delhi, India on July 21, 2020. Yawar Nazir | Getty Images India’s Interior Minister Amit Shah said on Sunday that he had tested positive for coronavirus and had......
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Iran fires missiles at mock U.S. Navy ship in drill, American bases go on alert

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CNBC – For more and to sign up click here Iran’s refurbished mockup aircraft carrier, used previously as a simulated U.S. target during a February, 2015 Iranian naval war games exercise, is seen at its home port of Bandar Abbas, Iran February 15, 2020. MAXAR | via Reuters Iran launched......
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Saudi aims to weather storm as it marshals G20 through once in a lifetime recession

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CNBC – For more and to sign up click here Saudi Arabian Finance Minister Mohammed al-Jadaan attends the G20 Finance Ministers and Central Bank Governors Virtual Meeting in Riyadh, Saudi Arabia, on March 31, 2020. Xinhua News Agency Saudi Arabia pledged to protect its economy while ramping up international cooperation......
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The Gulf’s migrant workers are being exploited amid the coronavirus crisis, rights groups say

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CNBC – For more and to sign up click here DUBAI, United Arab Emirates — The controversy surrounding cheap migrant labor in the oil-rich Gulf states has intensified during the coronavirus pandemic, amid reports of workers going without food and water and being deprived of pay. “A massive issue not being......
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Dubai reopens to tourists: ‘We have to be realistic’ but ‘confident’ on sector rebound

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CNBC – For more and to sign up click here Dubai, United Arab Emirates Jorg Greuel | Stone | Getty Images DUBAI, United Arab Emirates — Dubai opened its doors to tourists Tuesday after nearly four months of closed borders and grounded flights, the latest in the desert city’s efforts......
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Value trade comeback? Investor lays out his top plays for the second half of 2020 and beyond

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CNBC – For more and to sign up click here Out of growth, into value? The Covid-19 crisis that pushed the U.S. economy into recession could have made way for the start of a new market cycle, John Davi, founder and chief investment officer of Astoria Portfolio Advisors, told CNBC’s......
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Saudi Aramco to use cash and debt to uphold dividends pledge amid reports of job cuts

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CNBC – For more and to sign up click here Amin H. Nasser, president and CEO of Saudi Aramco, speaks during a news conference at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. Hamad Mohammed | Reuters Saudi Aramco maintained its pledge to make good on its dividend......

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