According to a statement, Egypt’s Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat …
Read More »Even without increasing dividends, Saudi Arabia’s unexpected oil income exceeds $65 billion
The Saudi government’s oil revenue nearly doubled in the second quarter, despite Aramco’s dividends remaining unchanged. According to financial statements released on Monday, the oil giant paid the government more than $65 billion for its 94 percent contribution during the second quarter, up from $35 billion the previous year. This money is a combination of dividends, income taxes, and oil …
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