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Posted On NewsInvestors may question Alrajhi’s stock price premium
Second-quarter net profit at Alrajhi Bank rose a hefty 31 percent year on year, the biggest increase among major Saudi lenders. Net…
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Posted On NewsFlynas attributes large quarterly loss to IPO costs
Saudi Arabian budget airline Flynas has reported a quarterly net loss of almost a billion riyals ($270 million). The airline attributed the…
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Posted On NewsRed Sea coral to get extra protection from tourists
Saudi Arabia has vowed to implement a series of measures to protect its Red Sea coral reef over the next…
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Posted On NewsMaaden records huge earnings jump of 73%
Saudi mining major Maaden has reported an earnings increase of almost three quarters, driven by lower finance costs, income tax and severance.…
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Posted On NewsThe Gulf’s $100 billion AI gamble is just getting started
OpenAI CEO Sam Altman visited Abu Dhabi in early 2025, for talks with AI fund MGX. It was a business…
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Posted On NewsYanbu port to be expanded with bunkering facility
Saudi Arabia is to build a new marine bunkering hub at King Fahad Industrial Port in Yanbu on the Red…
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Posted On NewsAramco profit dips for 10th straight quarter
Saudi Aramco reported a 22 percent fall in second-quarter net profit on Tuesday as lower oil prices and muted production volumes…
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Posted On NewsNeom’s logistics partner says $10bn venture delayed further
A $10 billion joint venture between a Danish logistics giant and Saudi Arabia’s Neom will fail to contribute materially to earnings this…
