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Economy, Energy

Alpha Dhabi H1 profit $1.79bn

Adjusted EBITDA rises to $2.36bn.

Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

Prices for utilities, fuels rise 9 percent in June in Saudi Arabia

Saudi Arabia’s annual inflation rate eased to 2.7 percent in June from 2.8 percent the previous month. (File photo)
By TRENDS Desk
July 16, 2023 9:56 pm
  • Restaurant and hotel prices went up by 4.3 percent and education up by 3 percent.
  • Clothing, shoe prices fell 2.9 percent, communication costs were down by 0.7 percent.

RIYADH, SAUDI ARABIA – Prices for housing, water, electricity, gas and other fuels in the Kingdom rose by 9.1 percent overall in June compared with the same month last year, government data showed on Sunday.

Restaurant and hotel prices went up by 4.3 percent and education up by 3 percent, the Kingdom’s General Authority for Statistics data said.

On the other hand, prices for clothing and shoes fell 2.9 percent, communication costs were down by 0.7 percent and miscellaneous personal goods and services by 0.1 percent.

Saudi Arabia’s annual inflation rate eased to 2.7 percent in June from 2.8 percent the previous month, government data showed.

Inflation in Saudi Arabia has been on a downward trend since starting the year at a rate of 3.4 percent in January.

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