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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

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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.

Saudi Arabian ministry issues 174 industrial licenses

The skirmishes came after Hizbollah chief said that the war between Israel and Hamas could turn into a regional conflict. (AFP)
By TRENDS Desk
November 4, 2023 1:17 am
  • The total value of the 174 new industrial licenses in September is US$1.4 billion (SAR 5.3 billion).
  •  A total of 82 factories started production in September, with investments worth US$506 million.

RIYADH, SAUDI ARABIA – The Kingdom’s Ministry of Industry and Mineral Resources announced issuing 174 new industrial licenses in September, at a total value of US$1.4 billion (SAR 5.3 billion).

 A total of 82 factories started actual production in September, with total investments of US$506 million (SAR 1.9 billion), the ministry said in a statement.

 It added that the total number of existing factories by the end of September reached 11,273.

The number of employees amounted to 7,139, of whom 1,599 are Saudis.

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