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Economy

Oil Updates — Crude posts gain; Qatar, UAE ministers say gas needed for long time 

Follow-ups -eshrag News: RIYADH: Digital transformation is seen as a critical business driver for economic growth in Saudi Arabia as 90…

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Economy

Saudi stock index posts biggest quarterly drop in 2 years, reducing market cap to $3tn

Follow-ups -eshrag News: Tue, 2022-08-30 16:30 RIYADH: The Saudi benchmark suffered its biggest quarterly loss in nearly two years, triggered…

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Economy

Cement producer Al Jouf posts 93% slump in profit amid weak sales and prices

Follow-ups -eshrag News: RIYADH: Saudi Arabia recorded SR36 billion ($9.58 billion) worth of transactions in the residential real estate sector…

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Economy

Allianz Group’s Saudi unit posts 13% profit surge amid potential stake sale

Follow-ups -eshrag News: RIYADH: The Middle East registered an average total data breach cost of $7.45 million between March 2021 and…

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Economy

China In-Focus — Xiaomi posts 20% revenue fall; Russian coal imports hit 5-year high

Follow-ups -eshrag News: UAE — In Focus: Noon to acquire Namshi for $335.2m; MBRAH’s Suppliers Complex to be completed in…

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Economy

Saudi Qassim Cement posts 73% profit decline in H1 on lower demand

Follow-ups -eshrag News: CAIRO: Saudi banks shut down 42 branches over the year ending in June, revealed the Saudi Central Bank,…

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Economy

Saudi Arabia’s Halwani Bros posts 65% decline in profits as inflation bites

Follow-ups -eshrag News: Sun, 2022-08-14 16:24 RIYADH: Saudi food manufacturer Halwani Bros Co. has reported a 65 percent drop in…

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Economy

Crypto Moves – Bitcoin and Ethereum fall; Coinbase posts loss amid crypto market turmoil

Follow-ups -eshrag News: REUTERS: Major stock markets in the Gulf were mixed in early trade on Wednesday, ahead of the…

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Economy

Saudi paper manufacturer MEPCO posts 216% leap in profit on higher revenues

Follow-ups -eshrag News: Saudi Arabia targets $3.3tr of cumulative investments till 2030, says deputy minister RIYADH: Saudi Arabia has enacted…

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Economy

Oman posts $2bn budget surplus for H1

Follow-ups -eshrag News: Sun, 2022-08-07 19:16 MUSCAT: The Omani government posted a budget surplus of 784 million rials ($2.04 billion)…

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