INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Mining, quarrying push Saudi Arabia’s IPI up 6.8% in Jan 2023

Developing the mining sector is part of SaudiVision2030.
  • The kingdom's General Authority for Statistics said the mining and quarrying activity increased by 3 percent year on year.
  • The manufacturing activity increased by 19.2 percent, while the electricity and gas supply activity decreased by 3.4 percent.

Riyadh, Saudi Arabia — Saudi Arabia’s Industrial Production Index increased by 6.8 percent in Jan 2023, compared to Jan 2022, mainly due to the increase in mining, quarrying manufacturing activities.

A monthly bulletin by the General Authority for Statistics said the mining and quarrying activity increased by 3 percent year on year, the manufacturing activity increased by 19.2 percent, while the electricity and gas supply activity decreased by 3.4 percent.

GASTAT issues a number of statistical products related to industry, including the Industrial Production Index, which is an economic indicator that reflects the relative changes and development in the volume of industrial production.

This is based on data of the Industrial Production Survey, which is implemented monthly and targets industrial establishments in mining and quarrying, manufacturing activity, and electricity and gas supply sectors.