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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.

Saudi inflation rises to 1.8% in February

The Crown Prince has directed the implementation of the project to strengthen historic Jeddah buildings.
By TRENDS Desk
March 15, 2024 12:45 am
  • The cost-of-living index for February rose to 110.64 points, according to the base year 2018, from 108.67 points in the same month a year earlier.
  • Inflation is measured by the percentage change in the cost of living between the current period and the corresponding period of the previous year.

RIYADH, SAUDI ARABIA –   Saudi Arabia’s inflation accelerated to 1.8 percent in February compared to January 2024, according to data by the General Authority for Statistics (GASTAT). 

The cost-of-living index for February rose to 110.64 points, according to the base year 2018, from 108.67 points in the same month a year earlier. 

Inflation is measured by the percentage change in the cost of living between the current period and the corresponding period of the previous year.

The increase or decline in inflation is measured compared to the previous month.

The higher consumer price index (CPI) in February was mainly impacted by an 8.5 percent rise in housing, water, electricity, gas and other fuel prices.

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