Aramco – Latest stories from Nourish

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Saudi Aramco’s profits dropped 4.6% in Q1 as oil prices fall and costs rise, showing even the biggest oil giant faces tough times.

Stories involving Aramco

Saudi Arabia Shifts Investment Focus

Saudi Arabia’s Public Investment Fund (PIF) plans to pivot from large real estate projects like NEOM to focus on logistics, minerals, AI, and religious tourism. The move aims to improve near-term returns amid delays and underperformance of previous giga-projects, with a new strategy expected soon.

Saudi-US Strengthen Ties with New Deals

Saudi Arabia's cabinet, chaired by Crown Prince Mohammed bin Salman, highlighted recent agreements with the US across defense, AI, nuclear energy, and investment sectors. The visit aimed to deepen strategic partnerships, with a focus on economic diversification, regional stability, and technological collaboration, including a new AI partnership and significant investment commitments.

Saudi Arabia Eases Alcohol Restrictions Further

Saudi Arabia has relaxed alcohol sales for non-Muslim residents, expanding access beyond diplomats. Recent changes include allowing high-income expatriates to purchase alcohol at Riyadh's sole liquor store, as part of Crown Prince Mohammed bin Salman's broader reforms to diversify the economy and attract foreign talent.