Saudi Arabia posts $8 bln Q3 deficit

Saudi Arabia posts $8bn Q3 deficit as lower oil prices weigh
Oil output is expected to rise next year, driving a rebound in overall economic growth. Image: Reuters Saudi Arabia reportedly posted a budget deficit of $8 billion (SAR 30 billion) in the third quarter of 2024, mainly on account of lower oil prices.
Saudi Arabia's Q3 deficit at $8 bln amid spending surge, lower oil prices
Saudi Arabia logged a budget deficit of 30 billion riyals ($8 billion) in the third quarter, a finance ministry statement showed on Monday, as lower oil prices weighed on revenue.
Saudi Aramco Q3 profit drops 15.4% amid lower oil prices
Saudi Aramco’s Q3 profit fell 15.4% to $27.6 billion due to lower oil prices, yet it maintained a $31.1 billion dividend, backing Vision 2030 and economic stability.
Saudi Aramco reports 15% drop in Q3 profit, maintains dividend
Saudi oil giant Aramco on Tuesday reported a 15.4 per cent drop in third-quarter profit due to lower crude prices and weaker refining margins, but maintained its generous dividend at $31.1bn for the quarter.
Oil giant Saudi Aramco reports 15% drop in Q3 profit but maintains dividend
Aramco's shares are down about 17 per cent this year, trailing the performance of Western oil majors Exxon and Shell, but broadly in line with BP, which is down 18 per cent
Saudi Aramco Says Quarterly Profit Drops 15% On Low Oil Prices
Energy giant Saudi Aramco reported a 15 percent year-on-year drop in third quarter profit on Tuesday, citing low oil prices.
Saudi oil giant Aramco posts third-quarter profits of $27.5 billion, down 15 pct from 2023
Saudi Arabian oil giant Aramco reported third-quarter profits of $27.5 billion on Tuesday, down about 15 percent from last year as low oil prices ate into
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Saudi leads IPO activity in MENA, raises $27mln in Q3
The biggest IPO proceeds in Saudi Arabia during the third quarter, amounting to $12 million or nearly half of the total, went to Tharwah Human Resources Company, which became the first consulting firm ...
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Saudi Aramco says Q3 profit drops 15% on low oil prices
Energy giant Saudi Aramco reported a 15 percent year-on-year drop in third quarter profit on Tuesday, citing low oil prices.
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Saudi Aramco’s Q3 profit dips by 15%
Saudi Arabia, the world’s biggest crude exporter, is currently producing roughly nine million barrels per day (bpd), well below its capacity of 12 million bpd. This reflects a series of output ...
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Aramco records Q3 net income of $27.6 billion
The Q3 2024 net income, down from $32.6 billion in Q3 2023 was in line with analyst consensus, despite certain non-cash ...
Aramco reports net income decline of 15.3 percent in Q3
Saudi Arabia's national oil company, Aramco, reported a net income decline of approximately 15.3 percent for the third quarter of 2024, in line with ...
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Saudi Arabia Turns to Debt Markets for Vision 2030 Financing
According to Saudi Arabia’s National Debt Management Center, the kingdom’s total debt stood at some $308.7 billion at the end ...
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Mena IPOs cautiously optimistic in Q3; 16 more listings expected by year-end: EY
IPO (initial public offering) outlook remains cautiously optimistic during the third quarter (Q3) of 2024, with five maiden ...
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UAE’s debt capital markets notch up 13% growth in Q3: Fitch Ratings
The surge in the debt capital market places the UAE fourth globally in all currencies, after Malaysia, Saudi Arabia, and ...