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Luberef net profit falls 7% in Q1

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

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

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

Emirates expects first 777X delivery in H2 2026

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Saudi Arabia’s merchandise exports up 98 percent in April: GASTAT

The agreement is aimed at facilitating the purchase of domestically produced commodities from Saudi Arabia. (WAM)
By TRENDS Desk
June 23, 2022 9:59 pm
  • The value of exports amounted to SAR137.1 billion ($36.53 billion) in April 2022, up from SAR69.3 billion in April 2021.
  • This increase was attributed mainly to oil exports, which rose by SAR60.5 billion or 123 percent in the same period.

Saudi Arabia’s overall merchandise exports increased by 98 percent in April 2022 compared to April 2021, according to General Authority for Statistics (GASTAT).

The value of exports amounted to SAR137.1 billion ($36.53 billion) in April 2022, up from SAR69.3 billion in April 2021. This increase was attributed mainly to oil exports, which rose by SAR60.5 billion or 123 percent in the same period.

According to the GASTAT’s just-released International Trade report for April 2022, non-oil exports (including re-exports) increased by 36.6 percent year-on-year in April 2022, rising to SAR27.4 billion from SAR20 billion in April 2021.

Merchandise imports increased by 11.2 percent (SAR5.6 billion) in April 2022. The value of imports amounted to SAR55.3 billion in April 2022 compared to SAR49.7 billion in April 2021.

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