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Business, Economy

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Saudi Arabian ministry issues 174 industrial licenses

The skirmishes came after Hizbollah chief said that the war between Israel and Hamas could turn into a regional conflict. (AFP)
By TRENDS Desk
November 4, 2023 1:17 am
  • The total value of the 174 new industrial licenses in September is US$1.4 billion (SAR 5.3 billion).
  •  A total of 82 factories started production in September, with investments worth US$506 million.

RIYADH, SAUDI ARABIA – The Kingdom’s Ministry of Industry and Mineral Resources announced issuing 174 new industrial licenses in September, at a total value of US$1.4 billion (SAR 5.3 billion).

 A total of 82 factories started actual production in September, with total investments of US$506 million (SAR 1.9 billion), the ministry said in a statement.

 It added that the total number of existing factories by the end of September reached 11,273.

The number of employees amounted to 7,139, of whom 1,599 are Saudis.

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INSEAD Day 4- 300x600
INSEAD Day 4- 300x600