Saudi Arabia’s Industrial Production Index rises 6.8% in January
RIYADH: Saudi Arabia’s Industrial Production Index rose 6.8 percent year-on-year in January, driven by high production in mining and quarrying, and manufacturing activities,…
Category: Business & Finance
Nigeria Bonds Rise as Tinubu Leads in Pivotal Election Tally
Nigerian bonds are posting some of the best gains in emerging markets as investors bet that rulingparty candidate, Bola Tinubu, who’s taken an…
Telecom operator stc’s net profit hits record high thanks to 8% rise
RIYADH: Saudi Telecom Co. has posted profit exceeding SR12 billion ($3.2 billion) for the first time in its history. The telecommunications firm reported…
Abu Dhabi’s Borouge announces $400m cost savings drive; Q4 profit drops
DUBAI: Abu Dhabi’s Borouge announced a $400 million cost savings drive on Thursday to navigate inflation and supply chain disruptions, as it reported…
SAMA among Gulf central banks to mirror US Fed 25 bps interest rate hike
RIYADH: The Saudi Central Bank has increased its interest rate by 25 basis points to 5.25 percent, echoing Wednesday’s move by the US…
Saudi Arabia spearheading the energy transition in Middle East
Kingdom’s initiatives are revolutionizing the entire region’s green journey RIYADH: The need for energy security has never been more critical in the history…
Egypt poised to announce detailed plan for state stake sales
CAIRO: Egypt’s government aims to announce a detailed plan next week to offer stakes in at least 20 state companies over the coming…
Twinsfaja Group is Building a Culture of Trust and Confidence
Twinsfaja is a performance driven organization powered by an exceptional workforce How did Twinsfaja Nigeria Limited that started as a building materials dealer…
Nasdaq sells its Pr units and Digital Media Services to Dotmount Communications for $3.8 million
Nasdaq, today announced the successful completion of the sale of its Public Relations Solutions and Digital Media Services businesses to Dotmount Communications, a…