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Sumou Real Estate Third-Quarter Profit Falls 12.7% to SR42.9 Million as Land Sales Drop, Board Proposes Share Buyback

Sumou Real Estate said third-quarter net profit fell 12.7% to SR42.9 million as land sales declined, while revenue rose 11.3% on property development and contracting work.
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NADEC Signs Preliminary Deal to Buy NADA’s Dairy Herd for an Indicative SR370 Million

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Modern Mills Third-Quarter Profit Rises 11% to SR62.3 Million as Revenue Jumps 26% on Higher Volumes

Modern Mills for Food Products said third-quarter net profit rose 11% to SR62.3 million as revenue increased 25.8% on higher sales volumes and better average selling prices.
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Bahri Signs SR1.69 Billion Contract With International Maritime Industries to Build Three Very Large Crude Carriers

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Sumou Real Estate Third-Quarter Profit Falls 12.7% to SR42.9 Million as Land Sales Drop, Board Proposes Share Buyback

Sumou Real Estate said third-quarter net profit fell 12.7% to SR42.9 million as land sales declined, while revenue rose 11.3% on property development and contracting work.

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Sumou Real Estate Third-Quarter Profit Falls 12.7% to SR42.9 Million as Land Sales Drop, Board Proposes Share Buyback

Sumou Real Estate said third-quarter net profit fell 12.7% to SR42.9 million as land sales declined, while revenue rose 11.3% on property development and contracting work.

NADEC Signs Preliminary Deal to Buy NADA’s Dairy Herd for an Indicative SR370 Million

National Agricultural Development Co. signed a memorandum of understanding to buy a dairy cattle herd from Al Othman Agricultural Production and Processing Co. at an indicative SR370 million.

Modern Mills Third-Quarter Profit Rises 11% to SR62.3 Million as Revenue Jumps 26% on Higher Volumes

Modern Mills for Food Products said third-quarter net profit rose 11% to SR62.3 million as revenue increased 25.8% on higher sales volumes and better average selling prices.

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Oman Strengthens Economic Cooperation with Russia

Oman strengthens economic cooperation with Russia through new agreements and partnerships. Leaders from both countries signed multiple deals covering trade, tourism, investment, and security. During...

Oman Strengthens Trade Relations with the USA Through FTA

Oman-USA trade relations continue to grow stronger through the Free Trade Agreement (FTA), boosting trade and investment opportunities between the two nations. Both Oman and...

Saudi Arabia Highlights Investment Opportunities at European Economic Congress

Saudi Arabia investment opportunities were highlighted as the Kingdom actively participated in the 17th European Economic Congress held in Katowice and Poland. The event...

Oman Startup 44.01 Wins Global Award for Carbon Removal Technology

Omani startup 44.01 has won a $1 million prize for its breakthrough carbon removal solution. The company secured first place in the Air category of...

UAE logistics market grows fast with Al Khayyat Investments expanding operations

The UAE logistics market is growing fast. Al Khayyat Investments is leading this expansion with major new projects. The company has opened a massive...

Suq Al-Shoyokh Infrastructure Project Boosts Development in Iraq

Iraq has launched the massive Suq Al-Shoyokh Infrastructure Project, aiming to transform urban living in Dhi Qar Province. Prime Minister Mohammed S. Al-Sudani laid the...

Iraq Development Cooperation with Germany Gains Momentum

Iraq is working to strengthen its global partnerships by deepening ties with Germany. The Ministry of Planning held high-level talks with representatives from the...

Iraq Joins Tabadul Digital Platform to Boost Stock Exchange Integration

Iraq is taking a bold step in finance by joining the Tabadul digital trading platform. The Iraq Stock Exchange signed an agreement with the...

Qatar Investment Cooperation with Germany’s North Rhine-Westphalia Strengthens Ties

Qatar continues to expand its international economic partnerships. Recently, Qatar Chamber welcomed a top trade delegation from North Rhine-Westphalia. The visit focused on growing...

Oman Expands Polymer Industry with SNF’s High-Performance Plant in Salalah

SNF has opened a new plant in Salalah, Oman, to produce high-performance anionic polymers. This plant boosts the region’s polymer production capabilities. It will...

Oman and China’s strategic relations grow through high-level talks

Oman continues to deepen partnerships with major global players. Recently, the latest talks with China focused on expanding key areas of cooperation. Clearly, the...

Bahrain Boosts Global MICE Tourism with Strong MICE Growth

Bahrain continues to lead in the region by focusing on strong MICE growth. Since the opening of Exhibition World Bahrain, the country has grown...
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