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ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

Qatar Airways annual profit $2bn

This was a record 28% jump in annual net profit.

Masdar issues $1bn bond

Its green bond program hits $2.75 billion.

Apple to open outlet in Riyadh

Customers shop at The Apple Store at the Towson Town Center mall, Maryland. (AFP)
By TRENDS Desk
August 9, 2022 10:19 am
  • The Saudi investment minister Khalid Al-Falih told media that said several international companies, including Google, Alibaba, Microsoft and IBM, intend to invest in the kingdom
  • The minister said that investments will be coupled with the development of human resources through partnership of these companies with academies, universities and training centers

Apple will open a center for the sale of its products and spare parts in the logistics zone at King Khalid International Airport in Riyadh.

Speaking to the media, the Saudi investment minister Khalid Al-Falih said several international companies, including Google, Alibaba, Microsoft and IBM, have invested or intend to invest in the Kingdom.

These investments will be coupled with the development of human resources through partnership of these companies with academies, universities and training centers, he added.

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