The profit jumped to US$41.40m in 2023.
- The company said lower energy prices cut into its profits.
The Project Finance Committee of the Sharjah Entrepreneurship Foundation (Ruwad) has approved AED300,000 finance for a project that will work...The Foundation’s Project Finance Committee approved AED300,00 finance for a health fitness service program.
The total approved financing by the end of February amounted to AED33 million, of which AED14.4 million were directly financed by the institution.
Saudi Arabia's Crown Prince Mohammed bin Salman has inaugurated the four-day-long World Defense Show in Riyadh, organized by the General...Over 590 global companies representing 42 countries are participating in the event
A number of national government agencies in the defense, military and security sectors are also among those taking part
The Saudi manufacturer’s revenue rose 77 percent year-on-year.The firm, which recently joined the Saudi stock exchange, attributed the improved performance to an increase in sales volumes.
Obeikan Glass Company says it is the largest glass manufacturing facility of its kind in the Middle East region.
The Department of Land and Survey (DLS) revealed that the revenue in the first two months of 2022 stood at...The Department of Land and Survey (DLS) revealed that the revenue in the first two months of 2022 stood at JD32.4 million up 15% from the figure reported in 2021
Overall real estate sales in the Kingdom in the period decreased by 10 percent, as apartment sales declined by 5 percent
Aluminium reached $4,026.50, the first time the lightweight metal had breached $4,000 per tonne.Aluminium reached $4,026.50, the first time the lightweight metal had breached $4,000 per tonne
Commodities have been red hot since Russia's assault on its neighbour, with gold on Monday back above $2,000 an ounce
AGL Australia's largest energy company said its board had over the weekend rejected a joint bid of $8.25 (US$6) per...AGL Australia's largest energy company said its board had over the weekend rejected a joint bid of $8.25 (US$6) per share from Cannon-Brookes, founder of the tech firm Atlassian
The firm said in a statement to the Australian stock exchange that the buyout proposal was still "well below the fair value of the company."
- Government support, coupled with strong social systems, must ensure that no one goes hungry, says Nobel Laureate Dr Dan Shechtman
Enhancing collaboration between research institutes and agritech companies in Israel and the UAE will be pivotal to secure region's food future, say Israeli experts
Arab region needs to develop the knowledge to grow crops in arid conditions, says Dan Shechtman of Israel Institute of Technology
Saudi Arabia has teamed up with China to manufacture unmanned aerial vehicle payload systems in the kingdom.The agreement was signed between Saudi Advanced Communications and Electronics Systems Co., ACES and China Electronics Technology Group
This came after the Riyadh-based telecommunication firm established a new company for unmanned aircraft in the Kingdom, under the name of Aerial Solutions
- Yanbu Cement Co., one of Saudi Arabia's largest cement producers, has posted a forty three percent dip in net profit...
The Jeddah-based company, apart from seeing a drop in the net profit, saw its annual revenue fall slightly from SR940 million to SR934 million year-on-year
The company attributed the dip in earnings to lower selling prices that weighed on the company's revenue.
Saudi Arabia has hiked oil prices for all regions after the crude oil prices soared to more than $115 a...Saudi Arabia's state oil producer Aramco raised the official selling price
Aramco hiked all prices for the American customers by $1
