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Net profits of the listed retail firms grew by 10 percent to SR2.7 billion by the end of 2014 compared to SR2.5 billion in 2013, according to a financial report.
Drake & Scull International PJSC’s full-year profit slid, missing analysts’ estimates, with the Dubai-based construction company citing delays in the execution of projects in Saudi Arabia. The shares declined.
Saudi Arabia's non-hydrocarbon sector has maintained optimism level in first quarter of 2015 compared to the last quarter as well as last year, a new survey has said. According to Dun & Bradstreet South Asia Middle East Ltd (D&B) survey for Saudi Arabia, the hydrocarbon sector composite Business Optimism Index (BOI) is weighed down sharply by weaker expectations for prices and profitability; at 16 points, the index has shed 18 points from last quarter and is 34 points lower compared to last year.
Saudi Arabia's stock market dipped in early trade on Monday as some investors booked profits in stocks that had led recent gains, while Egypt fell in a broad pull-back. Brent crude dropped 0.9 percent by 0845 GMT after surging at the end of last week, with an oversupply continuing to weigh on the market despite data showing Japan had pulled out of recession.
The weekend’s shootings that left two dead in Copenhagen may well be the latest case of radical Islam sowing fear in a violent march across the West. But U.S. lawmakers caution it’s still too early to tell if the attacks were carried out by the Islamic State, al Qaeda or other extremist networks.
Egypt reported that its war planes had struck Isis targets in Libya, shortly after President Abdel Fatah al-Sisi vowed revenge for the release by Isis-affiliated militants of a video of a mass killing of Christians.
Lateefa al-Waalan just wanted to make Arabic coffee simple: no more labourious mixing of ingredients and careful attention to boiling. Supported by a Saudi programme to foster, or “incubate”, technology-based businesses with high growth potential, she developed a machine to produce Arabic coffee at the push of a button — the first of its kind.
The focus has long been on the curriculum, right from 1954, when the education ministry was established. There is a continuing debate about the emphasis on religion and languages at the expense of science and mathematics. Many Saudis see their education system as affected by political currents, with senior scholars fiercely shielding the curriculum from those who want to bring about change.
Samia El-Moslimany, a women’s activist and photographer who lives in Burien and Saudi Arabia, had previously been ordered by courts in Massachusetts and King County to reveal the names of Saudi women who commented about Hayat Sindi, one of the first female assemblywomen in Saudi Arabia.
A World Health Organization mission is going to Saudi Arabia in the coming week, at the request of the government, to take preventive measures against an anticipated spring season upsurge of Middle East Respiratory Syndrome, also known as MERS-Corona virus.