Stories related to finance and economics.
The first Russian shipment of fertiliser left the Dutch port of Terneuzen on Tuesday (29 November) after days of negotiating to ensure it would not be snagged by Western sanctions. The ship was commissioned by the UN’s food security agency, the World Food Programme, and the cargo is part of some 260,000 tonnes of Russian fertiliser stored in European ports.
In the first six months of this year, Kazakhstan’s foreign trade turnover has surged to $63.7 billion, the highest rate in nine years, according to data from the Economic Research Institute released on Tuesday (16 August)
The country increased its exports to $42.2 billion and imports to $21.5 billion.
Profits for the Saudi oil giant ARAMCO surged 90 percent in the second quarter of 2022, beating the median of analysts’ forecasts with the highest quarterly profit since going public in 2019. Profits of “the most profitable oil company in the world” hit SR182 billion ($48.4 billion) after revenue soared 80 percent to SR562 billion, according to a bourse filing.
ARAMCO is now expected to give a dividend of $19 billion to its shareholders.