profits

Net profit of banks in the Gulf Cooperation Council region surged by 10.5 percent year-on-year in the first quarter of 2024 to $14.4 billion, an analysis showed. In its latest report, Kamco Invest said that the bottom line performance of…
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The net profit of insurance companies in Saudi Arabia surged by 1,221.3 percent year-on-year in 2023 to $861 million, driven by favorable economic conditions. According to the report released by research firm Insurance Monitor, in…
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Ukraine’s backers will use windfall profits on frozen Russian assets to finance arms purchases for Kyiv, German Chancellor Olaf Scholz said following a meeting with his French and Polish counterparts aimed at showing unity after weeks of…
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Chinese auto brands are set for better profitability in 2024 despite intensifying competition in the world’s largest auto market, UBS analysts said on Tuesday, thanks to upgrades they have been making in their electric vehicle product mix.…
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Saudi oil giant Aramco is boosting its big data and artificial intelligence unit that links up its assets to help maximize profit, assisting on decisions from trading to acquisitions, a senior executive told Reuters. “We have 70 people…
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The Saudi Ministry of Tourism recently announced that the Kingdom made a significant profit in the balance of payments on travel in the first quarter of 2023, gaining SR22.8 billion ($6.08 billion) compared with a deficit of SR1.6 billion…
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Saudi Arabia’s ACWA Power, one of the world’s largest water project developers, reported a net profit of SR684.13 million ($182.30 million) for the first half of 2023, up 26.29 percent compared with SR514.72 million in the same period a…
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Global energy giant Saudi Arabian Oil Co. has posted a net profit of SR112.81 billion ($30.07 billion) in the second quarter of 2023, the company said in a bourse filing. In a statement to Tadawul, Saudi Aramco noted that the profit of…
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Companies authorized by Saudi Arabia’s Capital Market Authority posted record profits in 2022, with a cumulative total of SR60.34 billion ($16.08 billion) – a 39.17 percent increase on the previous year. Figures released by the CMA’s…
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Driven by higher base oil crack margins, the net profit of Saudi Aramco Base Oil Co., also known as Luberef, surged 21.68 percent to SR900.52 million ($240 million) in the first half of 2023 compared with SR740.10 million in the same period…
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