Search Site

Trends banner

Tesla sales tumble in Europe in Q1

The company suffered from boycotts against the policies of Elon Musk.

Ford’s US Q1 auto sales dip

But its Q1 figures exceed a forecast by Edmunds

Vanke reports annual loss of $6.8 bn

The property giant attributes loss to falling sales and shrinking profit.

Goldwind 2024 revenue up 12.5%

The clean energy giant posted $7.8bn in revenue for 2024.

Emaar to pay $2.39bn dividend

The company had posted $19bn in property sales for 2024.

Al Arabia’s profit up 43%

The digital transformation led to an expansion in its client base in the current year to include new sectors.
  • The Riyadh-based firm, partly owned by media giant MBC group, saw its revenue jump 64 percent to $216 million
  • It added that the results were bolstered by the company's efforts to enhance regional expansion and enter new projects and strategic partnerships

Riyadh, Saudi Arabia— Al Arabia, outdoor advertising provider, has posted a 43 percent increase in its profit to $52 million during the first nine months of 2022.

The Riyadh-based firm, partly owned by media giant MBC group, saw its revenue jump 64 percent to $216 million.

Economic recovery, along with a continued digitization push in the kingdom led to an expansion in its client base in the current year to include new sectors, which, in turn, propelled solid first nine-months figures.

It added that the results were bolstered by the company’s efforts to enhance regional expansion and enter new projects and strategic partnerships.

During the third quarter of the year, Al Arabia saw its profits jump 15 percent to reach SR66 million, compared SR57 million it made in the same period of last year.