- Amman, Jordan--Jordan's import bill for crude oil, derivatives, and mineral oils saw a notable decline in January this year, according to data released by the Department of Statistics on Tuesday. The figures revealed a decrease in the value of oil imports to the Kingdom, totaling $361 million for January, compared...
RAK DED allots 837 licenses worth $39.48m in H1
The department's report highlighted the fact that professional licenses accounted for 49 percent of total numbering 8,986, followed by commercial licenses, which accounted for 48 percent at 8,8829, then by industrial licenses.Seera sees 43% slide in loss
The Saudi travel group saw its loss fall to $35m in H1.BinDawood’s H1 profit tumbles
Largest Saudi retailer posts a 31% dip in H1 profit to $28.80m.Saudis beat the heat in City of Fog
The ‘City of Fog’ in Saudi Arabia’s rugged south is a prized destination for many in the kingdom looking to escape the sweltering summer heat of up to 50 degree Celsius.Al Akaria posts profit in H1
The developer's profit rose to $4.3m, after last year's loss.Sumou signs $144m deal
The Saudi real estate firm will build 507 villas in Madinah.Saudi Fisheries posts losses
The news of the loss of $6.4m in H1 led to a slide in firm's stock.SEC’s profit fell to $1.9bn in H1
The Saudi utility firm's sales however surged to $8.80bn.Emaar to sell Namshi to Noon
The Dubai developer will sell its online retailer for $335.2m.Jordan and Algeria agree to boost trade, investment ties
Many Jordanian industrial sectors have the necessary requirements to enter the Algerian market, especially the pharmaceutical components, clothing, chemical and fertilizer industries, as well as the plastic, rubber and metal industries.Aramco to complete $2.65bn buyout of Valvoline in 2023
Days after disclosing it had signed a $2.65 billion equity purchase agreement with Valvoline Global Products, Mohammed Y. Al-Qahtani, Aramco’s downstream senior vice president, told media that the oil giant will complete the buyout of Valvoline in early 2023.QFB completes rights issue
It issued 420,000,000 shares in order to raise capital of $307m.Dallah reports 52% profit rise
The healthcare company saw its profit vault to $40m in H1.Qassim Cement’s profit tumbles
The Saudi firm posted a 73% fall in profit to $14m in H1.BHP posts 40% jump in profit
The gains were due to high demand for coal and copper.Saudi agriculture sector grows 7.8% to value at $19.23bn
The agriculture output in 2017 was estimated at $17.41 billion, around $17.48 billion in 2018, and $17.65 billion in 2019, and $18 billion in 2020.Solutions by stc to buy Giza
The 89.49% stake in Giza Systems will cost it $158m.Halwani Bros’ profit falls by 65%
The profit fell to $5m in HI due to rising cost of raw materials.Egypt to issue international bonds worth $6 billion
More than a year after it issued bonds for the Japanese market, Egypt intends to issue another tranche of international bonds worth $6 billion this year, according to media reports quoting a government official.Tadawul posts 23% fall in profit
The profit fell to $74 million in H1 in a year of record listings.Saudi banks disburse $537bn in loans in Q2, up by 14.2%
According to the Kingdom’s Unified National Platform, the Kingdom has been moving toward the Saudi Vision 2030 by developing the trade sector and ensuring its sustainability.Saudi Electricity borrows $568m
The money will be used to fund Egypt interconnection project.Savola sells KEC stake for $122m
Savola wants to focus on core food and retail businesses.Dana Gas posts $110m profit
The better results were driven by high hydrocarbon prices.SAMI revenue vaults to $605m
The Saudi firm says weapons business fueled growth.SEIC buys stakes in Egypt firms
The Saudi Egyptian company bought stakes worth $1.3bn.Barwa records rise in profit
The net profit posted 0.73% jump to $147.25m in H1.Elon Musk sells about $7bn worth of Tesla shares
Amid a high-stakes court battle with Twitter over a $44 billion buyout deal, Elon Musk has sold nearly $7 billion worth of Tesla shares, according to legal filings published Tuesday.SABIC profit surges to $2.1bn
The Saudi firm's net profit was fueled by higher sales volume.Jordan real estate trade grows by 20% to $4.41 billion
Jordan has posted a twenty percent rise in real estate trade to $4.41 billion during the first seven months of 2022.QAMCO profit rises by 112%
The company's net profit rose to $164 million in H1 of 2022.Sulaiman Group’s profit soars
The hospital operator's profit jumps to $210m in H1 of 2022Pfizer to make $5bn acquisition
US drugmaker is in talks to buy Global Blood Therapeutics.Union Properties’ profit rises
The Dubai-based firm posted net profit of $77,603 in Q2.Amazon buys iRobot for $1.7bn
The deal reinforces its interest in robotics and automation.Elon Musk accuses Twitter of fraud as court battle heats up
The court battle between Elon Musk and Twitter heats up as the billionaire Tesla boss accuses it of fraud, alleging the social media platform misled him about key aspects of its business before he agreed to a $44 billion buyout. The entrepreneur said he has been deceived by the company.Bupa Arabia’s profit dips by 16%
Its stock fell after it posted a drop in profit to $114m in H1.Lufthansa posts $263m profit
In 2020 a government bailout saved airline from bankruptcy.stc profit jumps to $1.6bn in H1
The Saudi Telecom Co. will pay $532m in quarterly dividend.Saudi, UAE to receive $5bn worth missile systems from US
Two weeks after US President Joe Biden made the visit to the Middle East, Saudi Arabia and the UAE will receive billions of dollars worth missile defense systems from the US to shoot down incoming enemy missiles or aircraft. The kingdom has been attacked by missiles fired by Houthi rebels...Aramco buys Valvoline’s petro unit
The Saudi oil giant acquired the company for $2.65bn.Swvl drops plan to buy Zeelo
The agreement was broken off due to a market downturn.SAMA approves merger of SABB Takaful and Walaa Insurance
Saudi Central Bank has approved the merger of SABB Takaful with the rival insurer Walaa Insurance, following an agreement between the two groups in February.Dubai closes in on top spot for sea trade
The city, with a rich history of trading with the world through sea, looks to emerge as one of the top maritime cities of the world with a new bout of investments in infrastructure.Al Zamil buys tower for $133m
The saudi developer bought the residential tower in Makkah.Saudi Arabia to pour in $5bn in poultry industry
Saudi Arabia will pour in $5 billion in the poultry industry in order to boost production as the kingdom looks to achieve self-sufficiency in the sector. The Saudi Minister of Environment, Water and Agriculture Abdulrahman Al-Fadley said that in targeting 1.3 million tons of broiler chickens per year, the ministry...SAIB shares vault more than 2%
The stock rose after it declared cash dividends of $80 million.EITC posts 26% jump in profit
The net profit rose to $82.5 million for the second quarter.Saudi construction contracts jump to $12.3 billion in Q1
Saudi Arabia has seen a staggering increase in the award of construction contracts to the tune of $12.3 billion in the first quarter of 2022.Twitter takes a dig at Elon Musk for bad results
Twitter blamed disappointing results Friday on "headwinds," including the uncertainty imposed on the company by Elon Musk's chaotic buyout bid. The firm is locked in a legal battle with the mercurial Tesla boss over his effort to walk away from a $44 billion deal to purchase the platform, leaving the...



















































