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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.

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.

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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Abu Dhabi Launches Green Buses on Route No. 65

Abu Dhabi has launched eco-friendly green buses on Route No. 65 to promote sustainable public transportation. Starting March 15, 2025, this initiative will reduce...

Saudi Arabia Uses AI to Regulate Pilgrims’ Flow into Mecca

Saudi Arabia is using artificial intelligence (AI) to control the movement of pilgrims in Mecca. This city, home to Islam’s holiest mosque, experiences large...

UAE Opens Bookings for New Etihad Airways Route to Medan

Etihad Airways has officially opened bookings for a new direct route to Medan, Indonesia. This exciting addition will connect Zayed International Airport in Abu...

Qatar’s Transportation Master Plan 2050 to Drive Sustainability

Qatar’s Transportation Master Plan 2050 (TMPQ) will guide the country toward becoming one of the world’s most sustainable nations. The plan is designed to...

Oman: Three Strategic Agreements Signed for Roads, Ports, and Maritime Services

Oman’s Ministry of Transport, Communications, and Information Technology signed three strategic agreements aimed at improving the country’s infrastructure in roads, ports, and maritime services....

Iraq’s First Blue Ammonia Plant Discussed in Meeting with KBR

The National Investment Commission (NIC) of Iraq held an important meeting with KBR on March 4, 2025, to discuss the development of the country’s...

Kuwait Strengthens Economic Ties with UK and Airbus Leader

Kuwait has recently taken significant steps to improve its economic ties with the United Kingdom and Airbus. These efforts are aimed at boosting trade...

Qatar and Sudan Strengthen Trade and Investment Ties

Qatar and Sudan discussed ways to boost trade and investment. Officials from both countries met to explore business growth and cooperation. Qatar’s Undersecretary of the...

UAE Sends Etihad-SAT Satellite Into Space on SpaceX Rocket

The UAE successfully launched its high-precision satellite, Etihad-SAT, into space on March 15. The satellite lifted off on a SpaceX Falcon 9 rocket. This...

Dubai Launches Affordable Housing to Support All Income Levels

Dubai’s new housing project will offer affordable rental homes for different income groups. The project will include studio to three-bedroom apartments, providing quality homes...

Saudi Arabia’s Rating Rises as Economic Changes Gain Strength

Saudi Arabia’s economic progress led S&P to raise its rating to A+ with a stable outlook. The country’s continued economic changes help it grow...

Hospitality Real Estate Sector in Qatar Sees Significant Boost

Qatar's hospitality real estate sector has experienced significant growth, driven by a surge in tourist arrivals in 2024. According to recent reports, the number...