Top Saudi Banks Saw a 17% Increase in Earnings to $5.2 Billion in Q2
RIYADH: In the second quarter of 2024, the top 10 listed banks in Saudi Arabia witnessed an increase in earnings...
Monday, June 29, 2026
Today’s News
Monday, June 29, 2026
US Electric Vehicle Manufacturer Lucid Group Receives $1.5 Billion from PIF
RIYADH: The Saudi Arabian Public Investment Fund affiliate Ayar Third Investment Co., the majority shareholder of US automaker Lucid Group,...
Strengthen Reports Income Growth of 10.3% in the First Half of 2024
The largest district cooling services provider in the world, Emirates Central Cooling Systems Corporation PJSC (Empower), released its financial results...
For the Ruwais LNG Project, ADNOC and Osaka Gas of Japan Sign a Long-term Heads of Agreement
ADNOC today announced the signing of a long-term Heads of Agreement (LNG agreement) with Osaka Gas, one of the biggest...
Glencore Will Settle the Swiss Bribery Probe by Paying $152 Million
Glencore announced on Monday that it would pay roughly $152 million in fines and compensation after Swiss authorities determined that...
Bank Loans in Saudi Arabia Rise by 11% to $734 Billion
RIYADH: According to official data, Saudi Arabia's banking sector loans increased to SR2.75 trillion ($733.82 billion) in June, representing an...
Saudi Non-Oil Business Activity is Stable, with the July PMI Standing at 54.4
RIYADH: According to an economy tracker, Saudi Arabia's non-oil private sector had strong growth in July, propelled by ongoing demand...
Drilling Reports from ADNOC Net Profit of $570 Million in H1-24
The second quarter and first half of 2024 saw record financial results for ADNOC Drilling Company, announced today. Due to...
In H1-24, 53.9% of the Exports and Reexports made by Members of the Dubai Chamber of Commerce Came from the GCC
For its member companies, the Gulf Cooperation Council (GCC) market continued to be the top global export and re-export destination...
A New Initiative to Increase Food Security in the UAE
The UAE's Ministry of Climate Change and Environment (MOCCAE) has announced the start of a program to boost agricultural advisory...