- The net profit for the year nearly doubled compared to 2021.
The company's sales (revenue) nearly doubled to 18.98 billion riyals in 2022 from 9.59 billion riyals the previous year.
The increase in net profit was due to an increase in average selling prices of company's products, increase in quantities sold of company products.
- Barcelona, Spain--The big beasts of the telecom industry will gather in Barcelona on Monday for their most important annual get-together,...
In total, the four-day show would host almost 750 operators and manufacturers and 2,000 exhibitors.
A hugely popular idea for many at the show is to force the owners of bandwidth-hungry platforms like YouTube, Netflix and Facebook to pay network operators a "fair share".
- ADNOC Gas said that ADNOC will now offer 3.83 billion shares, equivalent to approximately 5 percent of ADNOC's total issued...
Khaled Al Zaabi, Group CFO of ADNOC, said the IPO of ADNOC Gas is set to be the largest-ever market debut on the Abu Dhabi Exchange to date.
The subscription period for the offering is unchanged and will continue until March 1, as part of a UAE public offering to individuals and other investors in the UAE.
- President of the Saudi Chambers Al-Huwaizi revealed that the size of trade exchange between the two countries has grown at...
This was decided during a meeting between Croatia's former President Kolinda Grabar-Kitarović and her accompanying delegation on Sunday with Saudi business representatives
President of the Saudi Chambers Al-Huwaizi revealed that the size of trade exchange between the two countries has grown at a rate of 198 percent to $146 million in 2021
- Riyadh, Saudi Arabia--The Saudi Ports Authority, also known as Mawani, has sanctioned five new shipping services that will link up the Kingdom with 43 international...
According to reports, the five new services are projected to support commercial traffic, strengthen the national imports and exports system
The five new services are dispersed across three ports namely, Jeddah Islamic Port, King Abdulaziz Port in Dammam, and Jubail Commercial Port
- AMMAN, JORDAN - Chairman of the Jordan Senate's Committee for Arab, International Affairs and Expatriates Hani Mulki, on Sunday discussed...
The two leaders also discussed political changes in the surrounding countries following Arab Spring.
The French leader said her country is looking forward to strengthening relations and partnerships.
- Jordan, the United Arab Emirates, Egypt and Bahrain announced the signing of 12 agreements and partnerships worth over US$2 billion...
The projects are expected to generate 13,000 direct and indirect job opportunities and add US$1.6 billion to the GDPs of the four countries.
Jordan Minister Yousef Shamali opened the meetings by praising the partnership as a model of a coordinated Arab effort.
- Dubai, UAE--Dubai has recorded a 35 percent increase in the number of people using public transport like metro, tram, buses,...
About 1.7 million people rode public transport, shared mobility and taxis daily in 2022 compared to 1.3 million riders in 2021.
Dubai Metro achieved the largest percentage of the public transport, shared transport and taxis ridership of 36 percent in 2022.
- SHARJAH, UAE - The Sharjah Airport International Free Zone (SAIF Zone) has signed a cooperation agreement with Al Ansari Exchange,...
The pact will allow SAIF Zone’s investors and clients to pay fees at any of Al Ansari Exchange's over 230 branches across the UAE.
The signing ceremony was attended by a number of managers and senior officials from both sides.
- Doha, Qatar-- Qatar Central Bank (QCB) issued treasury bills worth QR 1 billion ($274 million) for a one-week term in...
Treasury bills are issued through auction for banks operating in Qatar to control liquidity rates and money supplies in the market.
In November last year, the bank issued Treasury Bills and Sukuk for periods of one week, one month, three, six and nine months worth $1.6 billion.





















