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BYD 2025 revenue surges

The EV manufacturer reported net profit of $.3.3bn for 9M 2025.

Aramco net income $28bn

Capital investment during Q3 2025 $12.9bn on investments in energy projects.

e& revenue up 23%

Consolidated net profit reached $2.94 billion during 2025.

Al Rajhi profit up 26%

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Total income rises by 12 percent, operating profit up 13%.

Jeddah prepares to host 4th edition of Formula 1 Saudi Arabian Grand Prix

  • The 4th edition of the Formula 1 Saudi Arabian Grand Prix will be held on the Jeddah Corniche Circuit on March 7-9, 2024
  • The FIA Formula One World Championship begins in Bahrain on March 2 and ends in Abu Dhabi on December 8

Jeddah, Saudi Arabia – The Formula One Organizing Committee announced on Thursday the initial calendar for the 2024 FIA Formula One World Championship, which begins in Bahrain on March 2 and ends in Abu Dhabi on December 8.

The 4th edition of the Formula 1 Saudi Arabian Grand Prix will be held on the Jeddah Corniche Circuit on March 7-9, 2024, to avoid a potential clash with the start of the holy month of Ramadan.

Several changes have been made to the 2024 FIA Formula One World Championship calendar: The Formula 1 Las Vegas Grand Prix, the Japan Grand Prix, and the Azerbaijan Grand Prix will be held in November, April, and September, respectively, and the date of the Qatar Grand Prix has been changed from October to December.

FIA President Mohammed Ben Sulayem said that the changes to the calendar are part of the federation’s effort to make the Formula 1 competition more efficient in terms of environmental sustainability and more accessible to the organizers and the participating teams who travel extensively and devote most of their time to Formula 1 races. He added that the summer break will be extended to three weeks in August, and drivers will get an additional three-week gap between September and October.

Prince Khalid bin Sultan Al Abdullah Al-Faisal, Chairman of the Saudi Automobile and Motorcycle Federation (SAMF) and the Saudi Motorsport Company (SMC), noted that the Jeddah Corniche Circuit is among the most challenging circuits on the Formula 1 calendar and has witnessed fierce competition during the previous three editions.