INSEAD Day 4 - 728x90

Business, Economy

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

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Saudi Arabian ministry issues 174 industrial licenses

The skirmishes came after Hizbollah chief said that the war between Israel and Hamas could turn into a regional conflict. (AFP)
By TRENDS Desk
November 4, 2023 1:17 am
  • The total value of the 174 new industrial licenses in September is US$1.4 billion (SAR 5.3 billion).
  •  A total of 82 factories started production in September, with investments worth US$506 million.

RIYADH, SAUDI ARABIA – The Kingdom’s Ministry of Industry and Mineral Resources announced issuing 174 new industrial licenses in September, at a total value of US$1.4 billion (SAR 5.3 billion).

 A total of 82 factories started actual production in September, with total investments of US$506 million (SAR 1.9 billion), the ministry said in a statement.

 It added that the total number of existing factories by the end of September reached 11,273.

The number of employees amounted to 7,139, of whom 1,599 are Saudis.

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INSEAD Day 4- 300x600
INSEAD Day 4- 300x600
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