Browsing: Business

The Kingdom of Saudi Arabia’s overall merchandise exports increased 62.6% in December 2021 compared to December 2020, when many countries imposed travel bans and lockdowns as a result of COVID-19 issues. According to the General Authority for Statistics (GASTAT), exports

Over 30 senior Saudi manufacturers and exporters in the constructions and foodtuff sectors took part in a commercial mission organized by Saudi Exports Development Authority (SAUDI EXPORTS) today in Oman. This mission targets 70 Omani companies and follows the signing

An exhibition of perfumes, the largest of its kind in the Middle East, opened yesterday in the Riyadh Front area. This is one of the season’s entertainment areas, and will run until March 14. Over 200 brands of luxury perfumes,

Environment, Water and Agriculture Minister Eng. Abdulrahman Al-Fadhli has inaugurated the Kyrgyz exhibition, organized by the Ministry in conjunction with the Embassy of Kyrgyzstan. Additionally, there were other senior officials and businessmen from both countries in attendance, including the Kyrgyz

The Information & eGovernment Authority (IGA) released its foreign trade report for January 2022, which covers data on the balance of trade, imports, exports (national origin), and re-exports. In January 2022, imports reached BD449 million, a 10% increase over BD409

The Saudi telecom giant stc has posted a 3 percent increase in net profit for 2021, up to SR11.3 billion ($3 billion). A 7.6 percent increase in revenues led to a SR316 million increase in net profit, the Riyadh-based telecom

The foundation stone was laid for the United States Trade Zone (USTZ) at the Salman Industrial City. The ceremony was attended by the Minister of Industry, Commerce and Tourism Zayed bin Rashid Al Zayani, US Ambassador to the Kingdom of

Saudi Arabia has been diversifying its economy, embracing digital transformation, and creating reforms aligned with its Vision 2030. These changes are spurring the growth of the construction industry. The government’s investment in infrastructure and housing development has generated more construction

According to the flash estimate for the growth rate of the real GDP report released recently by the General Authority for Statistics (GASTAT), the real Gross Domestic Product (GDP) of the Kingdom of Saudi Arabia increased by 6.8% in Q4

Aldar Properties announced its preliminary financial results for the full year of 2021, reporting revenues of AED8.58 billion, up 2 percent year-on-year, a gross profit of AED3.60 billion, up 21 percent year-on-year, and a net profit of AED2.33 billion, up