Saudi Arabia’s ship traffic grows by 7% in 2021
Saudi Arabia’s ship traffic rose 7 percent in 2021 compared to the previous 12 months as the Kingdom continues its journey to emerge…
Category: Business & Finance
Saudi ICT firm Perfect Presentation sets its final price at $49 for institutional tranche
Saudi Perfect Presentation for Commercial Services Co., also known as 2P, completed the book-building process for the institutional tranche, setting its price at…
Saudi automotive firm SASCO’s profits surge 73% on the back of soaring sales
Saudi Automotive Services Co posted a 73 percent increase in profit in the first nine months of 2022 on the back of soaring…
Shares of Bank Albilad decline despite 23% profit growth in the first nine months
Bank Albilad posted a 23 percent surge in profits for the first nine months of 2022, driven by a rise in operating profit….
Oil Updates — Crude gains; IEA says world needs Russian oil; Schlumberger rebrands itself as SLB
Oil prices rose on Tuesday as the US dollar eased against major peers but gains were limited by worries of slowing global fuel…
Saudi glass manufacturer Zoujaj sees 138% profit jump in first 9 months
Saudi Arabia’s National Co. for Glass Industries, known as Zoujaj, saw its profit jump 138 percent to SR93 million ($25 million) in the…
Saudi Arabia’s non-oil exports increase by 16.6% to $7bn in August: GASTAT
Saudi Arabia’s non-oil exports increased by 16.6 percent to SR26.8 billion ($7.13 billion) in August 2022, compared to SR23 billion recorded during the…
UAE In-Focus – ADQ to potentially merge with Abu Dhabi Aviation with accumulative assets amounting to $2.6bn
A wholly owned subsidiary of Abu Dhabi-based investment and holding firm ADQ has offered to merge its aviation assets with local airline Abu…
ADQ invests $125m in Aliph Capital’s fund
Abu Dhabi Developmental Holding Co., or ADQ, has invested $125 million in a fund launched by the private equity firm Aliph Capital. Based…