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Business, Economy

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

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.

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

Developing the mining sector is part of SaudiVision2030.
By Hilal Mir
March 9, 2023 9:40 pm
  • 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.

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