Bloomberg Saudi Aramco posted its highest profit since its record stock-market listing, after oil prices surged in the wake of Russia’s invasion of Ukraine. Aramco, which last week surpassed Apple to become world’s most valuable company, followed Big Oil rivals such as Shell Plc and BP Plc in reporting bumper earnings for the first quarter. Like them, the Saudi ...

  Bloomberg The soaring dollar is propelling the global economy deeper into a synchronised slowdown by driving up borrowing costs and stoking financial-market volatility — and there’s little respite on the horizon. A closely watched gauge of the greenback rises 7% since January to a two-year high as the Federal Reserve embarks on an aggressive series of interest-rate increases to ...

  Abu Dhabi / WAM The UAE, on May 14 pledged allegiance to the UAE new president, His Highness Sheikh Mohamed bin Zayed Al Nahyan, as the leader of the nation’s march, amidst a deep belief in his ability to continue to forge ahead with the nation’s illustrious drive of glory, development and construction. President His Highness Sheikh Mohamed bin ...