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…
Category: Business & Finance
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…
Ma’aden’s share prices surge over 100%, hit highest level since listing
Saudi Arabian Mining Co., known as Ma’aden’, saw its shares price hitting its highest level since the company went public on the back…
Lucid appoints Faisal Sultan as Middle East VP and MD
US-based electric vehicle manufacturer Lucid Group Inc., in which Saudi Arabia’s Public Investment Fund holds a 60 percent stake, has promoted Faisal Sultan…