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Iran's top automaker sets sights on Russian market
Iran's top automaker sets sights on Russian market
by  AFP

Iran's leading automaker is seeking to prioritise exports to Russia, its CEO said Sunday, as both countries reel under Western economic sanctions. The two countries have responded to the sanctions by boosting cooperation in key areas to help prop up their economies.

Saudi Aramco unveils record profits as oil prices soar
Saudi Aramco unveils record profits as oil prices soar
by  AFP

Oil giant Saudi Aramco on Sunday unveiled record profits of $48.4 billion in the second quarter of 2022, after Russia's war in Ukraine and a post-pandemic surge in demand sent crude prices soaring. The quarterly profits, the highest since Aramco's record-breaking IPO in 2019, beat a company-compiled analyst forecast of $46.2 billion.

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