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Nikhil Lohade

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As seen in: Dow Jones Newswires, The Wall Street Journal, MarketWatch, MarketScreener, Financial News
Nikhil Lohade is Middle East Editor at Dow Jones Newswires, the real-time financial news service of The Wall Street Journal.
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Articles

Saudi Aramco Posts 39% Jump in Quarterly Profit on High Oil Prices

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By Nikhil Lohade Verified
| MarketWatch Verified
By Summer Said and Nikhil Lohade Saudi Arabia's national oil company posted a 39% jump in quarterly profit on Tuesday, as high oil prices boost earnings that are helping the kingdom pay for an ambitious economic transformation plan at home and to expand its diplomatic influence in the region.
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Saudi Aramco Profit Jumps 39% on High Oil Prices

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By Nikhil Lohade Verified
| The Wall Street Journal Verified
Saudi Arabia’s national oil company posted a 39% jump in quarterly profit on Tuesday, as high oil prices boosted earnings that help the kingdom pay for an ambitious economic transformation plan at home and expand its diplomatic influence in the region. Aramco, officially named Saudi Arabian Oil Co., said its net income amounted to $42.43 billion in the three months ending in September, up from $30.43 billion in the same period a year earlier, driven by higher crude-oil prices and volumes sold.
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Saudi Arabia Plans to Open Stock Market to Foreign Investors

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By Nikhil Lohade Verified
| The Wall Street Journal Verified
DUBAI—Saudi Arabia plans to open its $530 billion stock market to foreigners for the first time early next year, a move that will allow the Middle East's biggest economy to attract more international investment and reduce its dependence on oil revenue.
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