INSEAD Day 4 - 728x90

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Saudi Arabia imports more cars in H1 than in whole of last year

Saudi Ports Authority said key import partners include Japan, US, and South Korea, with Thailand, Germany, China, and India also playing a prominent role.
  • The kingdom has imported 320,000 cars during the first half of 2022— equivalent to 57 percent of last year's total figure
  • The cars were mostly imported  from Japan, US, and South Korea, with Thailand, Germany, China, and India also playing a prominent role

Saudi Arabia has imported more cars in just six months of this year than it did in the whole of last year, according to the data published by the Saudi Ports Authority.

The kingdom has imported 320,000 cars during the first half of 2022— equivalent to 57 percent of last year’s total figure.

The number of vehicles imported into the kingdom during 2021 amounted to about 562,000, up 2.9 percent on the previous year.

The cars were mostly imported  from Japan, US, and South Korea, with Thailand, Germany, China, and India also playing a prominent role.

Saudi ports have witnessed a growth in car imports during the first quarter of 2022, amid an increase in cargo throughput tonnage, official statistics showed in April.

The first three months of the year recorded an increase in the numbers of cars by 12.85 percent with a total of 219,488 cars, data published by the Saudi Ports Authority.