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05.08.26 - 08:48
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Video game maker EA bought by Saudi-led group for $55bn (The Guardian)
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Company acquired in deal involving Affinity Partners, a firm run by Donald Trump's son-in-law Jared KushnerElectronic Arts, the maker of video games such as The Sims, Madden NFL and Battlefield, has been bought by Saudi Arabia's wealth fund and a group of investors for $55bn (£41bn).The company announced the completion of the deal on Tuesday evening, only days after the EU gave its approval, the final regulatory green light needed. Continue reading......
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04.08.26 - 14:57
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Saudi Aramco Profit Soars As CEO Warns Hormuz Closure Removes 100 Million Barrels A Week (ZeroHedge)
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Saudi Aramco Profit Soars As CEO Warns Hormuz Closure Removes 100 Million Barrels A Week
Saudi Aramco, the world's largest oil producer by volume, reported a 33% jump in second-quarter profits on Tuesday as the war-driven surge in Brent crude, which averaged $97 a barrel, boosted earnings. The company maintained export flows by redirecting crude around the disrupted Strait of Hormuz through its East-West Pipeline to the Red Sea.
Adjusted net income for the quarter surged to $33.4 billion from $25.2 billion a year earlier, beating the Bloomberg Consensus estimate of $31.1 billion. Aramco sold oil at an average of $108.10 a barrel, up from $66.70, while Brent averaged nearly $97 during the quarter.
Aramco heavily relied on its East-West Pipeline, storage facilities, and Red Sea energy terminals to maintain export flows as the Hormuz chokepoint came to a standstill for the quarter. Nevertheless, liquids production plunged 28% to 7.57 million barrels a day, while natural gas output tumbled 16%.
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04.08.26 - 13:37
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Huthi im Jemen: Haben Ziel in Saudi-Arabien angriffen (DPA-AFX)
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SANAA (dpa-AFX) - Die Huthi im Jemen haben einen Angriff auf Saudi-Arabien für sich reklamiert. Die vom Iran unterstützte Miliz habe ein militärisches Ziel am saudi-arabischen Flughafen Nadschran unweit der jemenitischen Grenze mit einer Drohne angegriffen, ......
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04.08.26 - 08:48
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Saudi Aramco Q2 Earnings Rise; Declares Dividend (AFX)
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WASHINGTON (dpa-AFX) - Saudi Arabian Oil Co. (2222.SR), on Tuesday, reported higher net income in the second quarter of 2026 compared with the previous year. The company has also declared a divide......
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03.08.26 - 08:33
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Saudi Arabia Has Five Points Of Leverage Over The US (ZeroHedge)
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Saudi Arabia Has Five Points Of Leverage Over The US
Authored by Andrew Korybko,
It probably won't ever muster up the political will to use them, however, but the possibility always remains.
Trump recently surprised the Saudis by demanding that they recognize Israel as the precondition for the US implementing their newly signed nuclear energy deal, which wasn't part of the agreement. This follows him humiliating Crown Prince and Prime Minister Mohammed Bin Salman earlier in the spring by claiming that he'd been “kissing my ass” for rejuvenating the US economy. His mistreatment of the Kingdom and its de facto leader is unexpected since the US relies on them in the following five ways:
1. Indirectly Projecting US Influence Across The Ummah
Saudi Arabia wields tremendous influence across the international Muslim community, or Ummah, due to its role as the Custodian of the Two Holy Mosques. It's also been a rock-solid American ally since the end of World War II. By almost always align...
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