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Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.

SABIC net loss $322 million

The company's net profit was $66m in Q1 2024

PureHealth posts $137m Q1 net profit

The Group's revenue increased 8 percent YoY.

Borouge Q1 net profit $281 million

The total dividend paid to shareholders in 2024 $1.3bn.

Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.

Major Saudi Arabian cities witness strong demand for residential, office real estate

By TRENDS Desk
October 31, 2022 11:17 pm
  • Rents and prices for residential real estate in Riyadh and other major cities such as Jeddah is growing, according to JLL.
  • The Saudi real estate market is expected to register a CAGR of more than 9.74 percent during 2022 - 2027, according to Mordor Intelligence.

Riyadh—Saudi Arabia continues to fuel its ambitious target to make Riyadh one of the tenth largest cities in the world by 2030. The demand for residential properties in the city remains strong and it is expected to continue to strengthen in the longer term, according to Thierry Delvaux, CEO Middle East, Africa and Turkey at global real estate services firm Jones Lang LaSalle. He told Arab News recently that the real estate is reviving and the demand for the demand for office real estate is rising because there has been a comeback from firms that planned to open new offices. TRENDS takes a look at some key real estate indicators in the kingdom’s major cities.

 

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