revenue

Saudi Arabia’s sovereign wealth fund has reported strong financial results for 2023, achieving revenues of SR331 billion ($88.3 billion) from its diverse investment portfolio, marking over 100% percent growth from 2022. Demonstrating…
Read More...

Saudi Arabia has secured $13 billion in private sector investments for its tourism industry, aiming to distribute the costs involved in becoming a top destination, a minister said. According to Princess Haifa Al-Saud, the Kingdom’s vice…
Read More...

Saudi Arabia’s space industry holds great potential for growth after recording $400 million in revenue in 2022, according to a recent report. The sector, expected to reach an average annual value of $2.2 billion from 2023 to 2030, holds…
Read More...

American billionaire Elon Musk said, on Saturday, that Twitter's cash flow is still negative due to a decrease in advertising revenues by nearly 50% in addition to the heavy debt burden, which did not live up to his expectations last…
Read More...

Egypt’s Suez Canal revenue saw a record high of 18.2 billion Egyptian pounds ($594 million) in December 2022, according to data released by the Central Agency for Public Mobilization and Statistics. The figures come after the Suez Canal…
Read More...

Saudi Arabia’s Emaar the Economic City managed to narrow losses in 2021 even as revenue dropped 31 percent during the year. On the back of lower impairment loss and expenses, losses of the PIF-backed firm fell by 33.7 percent to SR827…
Read More...

YouTube on Saturday suspended multiple Russian channels, including state-funded media outlet RT, from generating revenue on the video service, following a similar move by Facebook owner Meta Platforms Inc. in the wake of the invasion of…
Read More...

The Abu Dhabi Ports Group reported revenue increases for the first nine-months of the year of 22 percent, according to a statement. The AD Ports Group revenue grew to 2.791 billion dirham ($760 million) compared with 2.295 billion dirham…
Read More...

Revenue of China's Huawei Technologies Co Ltd plummeted 38 percent in the third quarter compared to the same period a year earlier, with U.S. sanctions having hobbled its smartphone business and new potential growth areas still in their…
Read More...

Twitter Inc. on Tuesday reported quarterly results that avoided the brunt of Apple Inc. privacy changes on advertising that hobbled its rivals, sending its shares up 3 percent. The social networking site has been working to add new…
Read More...