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Business, Economy

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.

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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