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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

Jeddah Central Development Company signs 4 contracts worth $3bn

The Jeddah Central Development Company is owned by the Public Investment Fund (PIF).
  • The Jeddah Central Development Company will open the Jeddah Central destination to receive visitors at the end of 2027 from inside and outside the Kingdom
  • The destination will include the Stadium, the Opera House and the Oceanarium, in addition to a sandy beach, a pier, a seafront promenade, and a marina

Jeddah, Saudi Arabia – The Jeddah Central Development Company, a company owned by the Public Investment Fund (PIF), signed four construction contracts worth SAR 12 billion ($3 billion) for three major architectural landmarks, including the Stadium, the Opera House and the Oceanarium, in addition to the infrastructure construction work for the first phase of the Jeddah Central destination location.

The construction work for the main architectural landmarks and infrastructure for the first phase will begin according to a timeline to accomplish the projects in accordance with the best international practices, the CEO of the Jeddah Central Development Company, Eng. Ahmed bin Abdulaziz Al-Saleem, said during a ceremony held on Monday.

The Jeddah Central Development Company will open the Jeddah Central destination to receive visitors at the end of 2027 from inside and outside the Kingdom. The destination will include the Stadium, the Opera House and the Oceanarium, in addition to a number of facilities, including a sandy beach, a pier, a seafront promenade, and a marina.