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15 May

Saudi Aramco net profit soars 82% in Q1 on high oil prices

DUBAI (Reuters) -State-owned oil producer Saudi Aramco on Sunday reported an almost 82% rise in first-quarter net profit, broadly in line with analyst forecasts, helped by strong oil prices.

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15 May

Saudi bourse's quarterly profit falls on lower trading services, listing fees

Saudi Tadawul Group, the kingdom's stock exchange operator, posted a 21.7% decline in first quarter net profit on Sunday on a slowdown in trading services and listing fees.

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14 May

Taliban's first annual Afghan budget foresees $501 million deficit

Afghanistan faces a budget deficit of 44 billion Afghanis ($501 million) this financial year, the country's Taliban authorities said on Saturday without clarifying how the gap between expected revenues and planned spending will be met.

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15 May

UniCredit, Citi consider swapping assets with Russian institutions - FT

UniCredit SpA and Citigroup are exploring asset swaps with Russian financial institutions as western banks trying to avoid heavy writedowns as they exit Russia, the Financial Times said on Sunday.

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14 May

Nigeria's markets regulator publishes rules on crypto assets

Nigeria's markets regulator has published a set of regulations for digital assets, signalling Africa's most populous country is trying to find a middle ground between an outright ban on crypto assets and their unregulated use.

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15 May

New Goldman Sachs policy gives bosses unlimited days off - The Telegraph

Goldman Sachs Group Inc will allow its partners and managing directors to take as much time off as they want under a new "flexible vacation" scheme to promote "rest and recharge," The Telegraph reported on Saturday, citing an internal memo.

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14 May

Sanofi ordered to compensate French family for epilepsy drug side effects

A French court has ordered Sanofi to pay more than 400,000 euros ($416,440) in damages to a family whose child suffered from a form of autism caused by its epilepsy drug Valproate, saying the drugmaker failed to inform about known side effects.

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