Saudi Arabia’s inflation rate 2 percent in Jan, rental prices main driver
Riyadh, Saudi Arabia -- Saudi Arabia's annual inflation rate in Jan 2025 reached 2 percent compared to January 2024, the...Business Economy
TAQA net income $1.93bn in 2024
The company's revenues increased 6.7 percent year-on-year.Company News Business
Samsung Q3 profit down 77.57%
The company's third-quarter profit was well above the first quarter's 640 billion.Samsung announced third-quarter operating profits of "2.4 trillion won ($1.7 billion) based on strong sales of flagship models in mobile and strong demand for displays"
The company said net profit dropped 37.7 percent year-on-year to 5.8 trillion won -- though it represents a rebound from the second quarter's 1.7 trillion won
Stocks mixed, oil subdued as traders eye Mideast and central banks
There is a sense of relief on trading floors that the Israel-Hamas conflict has been contained so far, with optimism...With worries about supplies from the crude-rich Middle East subsiding for now, both main oil contracts edged up slightly Tuesday
Data showing China's factory sector activity shrank in October weighed on sentiment, dragging on Hong Kong and Shanghai
EITC Q3 profit soars 57.7%
Its revenues grew 3.7% to US$896 million in the quarter.The company posted a 57.7% jump in net profit to $137.23m, its highest quarterly level over the last three years
The company has been pushing further the deployment of 5G network which reached 98.5% coverage
Politics in fashion: Luxury brands react to Gaza crisis
From L'Oréal's controversy involving model Amena Khan to Chanel's significant financial pledge, the fashion industry is deeply entwined in political...From L'Oréal's controversy involving model Amena Khan to Chanel's significant financial pledge, the fashion industry is deeply entwined in political discourse amid Gaza crisis.
As luxury brands navigate the delicate balance amid the ongoing Israel-Hamas conflict, the role of social media influencers and corporate philanthropy comes to the forefront.
Saudi civil aviation authority announces economic policy of sector
RIYADH, SAUDI ARABIA - The General Authority of Civil Aviation (GACA) has announced the economic policy of the civil aviation...The economic policy aims to increase the operational performance of the Kingdom's airports and improve the performance of national carriers.
This is to help change the Kingdom into a global destination for transport and shipping services by providing infrastructure attractive to foreign investment.
Saudia records 50 percent growth in operations during Umrah season
JEDDAH, SAUDI ARABIA - From the start of the month of Muharram until the end of Rabi' Al-Awwal, Saudia Airlines...Its commitment to operate during the Umrah season for the year 1445 Hijri aligns with Saudia’s dedication to contribute to the Saudi Vision 2030 goals.
Saudia planned to provide additional charter flights during the current Umrah season, aiming to transport more than 100,000 Umrah performers through new stations.
Meta releases advertisement-free plan for users in Europe
"To comply with evolving European regulations, we are introducing a new subscription option in the EU, EEA (European Economic Area)...Meta said European users can subscribe for a fee of 9.99 euros ($10.50) a month on the web, or 12.99 euros on mobile phones using iOS and Android systems
The company has taken the decision after a series of tougher European Union rules intended to rein in big tech, including the General Data Protection Regulations
Britain grants 27 new oil and gas exploration licenses in North Sea
London, United Kingdom - Britain on Monday awarded 27 new licenses for oil and gas exploration in the North Sea as...The Conservative government has argued that drilling for new oil and gas is necessary to bolster Britain's energy security.
Prime Minister Rishi Sunak recently softened policies aimed at the UK achieving net zero carbon emissions by 2050.
Borouge reports 22% Q3 2023 net profit
The company has issued a dividend of $1.3 billion.Borouge’s Value Enhancement Programme delivered a $420 million positive impact in the first nine months of 2023
The company has issued a dividend of $1.3 billion for the 2023 financial year, which equates to a 6.3% current dividend yield
Chinese BYD posts record Q3 profit
The third-quarter profit of $1.42bn is its highest-ever single-quarter earnings.The figure was in line with BYD's previous forecast of between 9.55 billion yuan and 11.55 billion yuan in quarterly earnings.
Electric vehicle demand has soared in recent years in China, which is the world's biggest producer of greenhouse gases in absolute terms.
