Tue, 21-Oct-2025

Emaar the Economic City’s net losses narrowed 19% in nine months

JEDDAH: Saudi Arabia’s Emaar the Economic City (EEC) reported that its net losses narrowed 19 per cent in the first nine months of 2021 from a year ago, Arab News reported. The net losses for January-September reached SR545 million ($145 million), down from SR674 million in the same period a year ago, according to a … Read more

Saudi markets surge as M&A activity set to continue until mid-2022

RIYADH: The Saudi market saw mergers and acquisitions jump 68 per cent to 237 applications in the first nine months of 2021, led by the IT, healthcare and petrochemical sectors, Arab News quoted a Saudi expert, as saying. Talal Alhogail, head of mergers and acquisitions at the General Authority for Competition, said that the year-on-year comparison shows … Read more