Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

Economy

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.

Inflation in Saudi Arabia leaps to 0.4 percent in July

By TRENDS Desk
August 15, 2021 10:02 am
  • CPI rise stemmed from higher prices in the transport sector
  • There was also an increase of 1.2 percent in food and beverages

 

Inflation in Saudi Arabia leaps to 0.4 percent in July

CPI rise stemmed from higher prices in the transport sector

There was also an increase of 1.2 percent in food and beverages

Owing to higher prices in the transport sector, Saudi Arabia’s consumer price index rose 0.4% in July from a year earlier and was up 0.2% month on month, government data showed on Sunday.

That compared with a rise of 6.2% in June, the last month affected by the increase in value added tax (VAT) in July last year, Saudi Arabia’s General Authority for Statistics said.

The July data showed the CPI rise stemmed from higher prices in the transport sector, which rose 7.8%, and a 1.2% rise in food and beverages.

 

 

[adinserter block="5"]

Most Read

UAE’s working mothers get extended maternity leave

The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, Kathryn Martin VFS Global tell TRENDS.

Getting vaccinated is ‘the most patriotic thing’ to do

The Fourth of July is a sacred day in our country. A day of history, of hope, remembrance and resolve with promise and possibilities. Before me stands monuments of the…

Saudi Arabia to generate $150 billion in investments from its new transport policy

The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments…

GCC healthcare: Transforming the region and impacting the world

PwC forecasts that AI could contribute US$320 billion to Middle Eastern economies by 2030, with healthcare predicted to see some of the largest gains relative to its current size

New-Age Growth Comes Home to the GCC

The region, fueled by ambition and massive investment, is rapidly advancing in technology and infrastructure, aiming to secure a leading role in the 4IR.

[adinserter block="4"]