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  • Saudi Aramco profit drops for 10th straight quarter

    Saudi Aramco profit drops for 10th straight quarter

    Oil giant Saudi Aramco announced its 10th straight drop in quarterly profits on Tuesday as a slump in prices hit revenues, putting more pressure on the key driver of the Saudi economy.

    Second-quarter profits slid 22 percent year-on-year to 85 billion riyals ($22.67 billion), extending a decline that stretches back to late 2022.

    “The decrease in revenue was mainly due to lower crude oil prices and lower refined and chemical products prices,” Aramco said in its quarterly report.

    Aramco’s falling…

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    News Source: www.al-monitor.com

  • 28 children killed every day in Gaza – Middle East Monitor

    28 children killed every day in Gaza – Middle East Monitor

    The United Nations Children’s Fund (UNICEF) said on Monday that around 28 children are being killed every day in the Gaza Strip due to ongoing Israeli bombing and starvation, which has now continued for over 660 days.

    In a statement on X, the organisation said:

    “Death by bombardments.” 

    “Death by malnutrition and starvation.” 

    “Death by lack of aid and vital services.” 

    “In Gaza, an average of 28 children a day – the size of a classroom –…

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    News Source: www.middleeastmonitor.com

  • On farmland and on rooftops, Iraqis turn to solar as power grid falters

    On farmland and on rooftops, Iraqis turn to solar as power grid falters

    MOSUL: Weary of paying big bills for power supplies that are often cut off, wheat grower Abdallah Al-Ali is among the rising number of farmers to have turned to solar panels to keep their irrigation systems running during the searing heat of the Iraqi summer.
    A member of the Organization of the Petroleum Exporting Countries, and one of the world’s leading oil producers, Iraq has struggled to provide its citizens with energy since the 2003 US-led invasion that toppled Saddam Hussein.

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    News Source: www.arabnews.com

  • Saudi Aramco profit drops 22 percent on lower prices

    Saudi Aramco profit drops 22 percent on lower prices

    Saudi Aramco’s profit slid 22 percent in the second quarter to 85 billion riyals ($22.67 billion) as a slump in prices hit revenues, the oil giant said on Tuesday.

    Aramco, the world’s biggest oil exporter and driver of the Saudi economy, has now seen profits decline for 10 straight quarters since record results in late 2022.

    “The decrease in revenue was mainly due to lower crude oil prices and lower refined and chemical products prices,” Aramco said in its quarterly report.

    The Gulf oil major…

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    News Source: www.al-monitor.com

  • Trump blackmails the states with "natural disasters" and tests their support for "Israel"

    Trump blackmails the states with "natural disasters" and tests their support for "Israel"

    Trump Extorts States with “Natural Disasters” and Tests Their Support …

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    News Source: www.alquds.com

  • Iran orders office closures as heatwave strains power grid

    Iran orders office closures as heatwave strains power grid

    TEHRAN: Iranian authorities ordered many government offices to close on Wednesday in a bid to cut power consumption as a heatwave strains generating capacity, state media reported.
    At least 15 of Iran’s 31 provinces will see public offices either shut or operating on reduced hours, the official IRNA news agency said.
    Provinces affected include West Azerbaijan and Ardabil in the northwest, Hormozgan in the south, and Alborz in the north, as well as the capital Tehran.

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    News Source: www.arabnews.com

  • Beijing lifts rain alert after tens of thousands evacuated

    Beijing lifts rain alert after tens of thousands evacuated

    MIYUN, China: Beijing lifted a severe weather alert on Tuesday but warned residents to stay vigilant against natural disasters after authorities evacuated more than 82,000 people over fears of deadly floods in the Chinese capital.

    The municipal weather office had imposed a red rainstorm warning – the highest in a four-tier system – on Monday, forecasting heavy downpours until Tuesday morning.

    The office lifted the alert early Tuesday morning, saying in a social media statement the…

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    News Source: www.arabnews.com

  • Israel to allow controlled entry of goods into Gaza via merchants

    Israel to allow controlled entry of goods into Gaza via merchants

    Israel says it will allow gradual and controlled entry of goods to Gaza through local merchants, an Israeli military agency that coordinates aid said on Tuesday, as global monitors say famine is unfolding in the enclave, impacting the hostages Hamas holds.

    Israel’s COGAT said a mechanism has been approved by the cabinet to expand the scope of humanitarian aid, allowing the entry of supplies to Gaza through the private sector.

    The agency said the approved goods include basic food…

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    News Source: www.arabnews.com

  • Water shortages spell trouble on Turkiye’s tourist coast

    Water shortages spell trouble on Turkiye’s tourist coast


    MIYUN, China: Beijing lifted a severe weather alert on Tuesday but warned residents to stay vigilant against natural disasters after authorities evacuated more than 82,000 people over fears of deadly floods in the Chinese capital.


    The municipal weather office had imposed a red rainstorm warning – the highest in a four-tier system – on Monday, forecasting heavy downpours until Tuesday morning.


    The office lifted the alert early Tuesday morning, saying in a…

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    News Source: www.arabnews.com

  • Terrifying numbers.. The Israeli occupation's aggression on Gaza enters its 669th day amidst massacres and starvation.

    Terrifying numbers.. The Israeli occupation's aggression on Gaza enters its 669th day amidst massacres and starvation.

    Terrifying Numbers.. The Israeli Occupation’s Aggression on Gaza on Day …

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    News Source: www.alquds.com