DHAHRAN / WAM The Saudi Arabian Oil Company Aramco announced on Sunday its second quarter 2021 financial results, reporting a 288 percent increase in net income from the same quarter of last year to $25.5 billion and declaring a dividend of $18.8 billion. The Company’s net income for the first half of the year was $47.2 billion, representing a 103 …

ABU DHABI / WAM The UAE has welcomed appointment of Hans Grundberg as the UN Special Envoy for Yemen and reiterated its support for all efforts aimed at finding a peaceful solution towards ending Yemeni crisis. The Ministry of Foreign Affairs and International Cooperation praised the pivotal role played by the Kingdom of Saudi Arabia to bring about stability in …

Bloomberg After years of waiting, Infrastructure Week finally happened. US senators reached a bipartisan agreement on a $550 billion infrastructure bill, working through the weekend to finalise the text. Majority Leader Chuck Schumer said the bill could be voted on “in a matter of days.” While Congress was debating the size of the check, researchers at Princeton University’s Andlinger Center …