Mohammed al-Mutairi

Mohammed al-Mutairi
Business The profits of real estate sector companies in Saudi Arabia jumped by 153 percent during the first nine months of 2023. (SPA)

Saudi Real Estate Profits Jump 153% at End of 3rd Quarter

The profits of real estate sector companies in Saudi Arabia jumped by 153 percent during the first nine months of 2023, compared to the same period last year,…

Mohammed al-Mutairi (Riyadh)
Business The agreement is evidence of the strength of the Saudi economy and its importance on the global economic map (Reuters)

Saudi-China Currency Swap Deal Strengthens Bilateral Trade Exchange

The Saudi Central Bank and its Chinese counterpart, the People’s Bank of China, have announced the signing of a currency swap agreement totaling 50 billion…

Mohammed al-Mutairi (Riyadh)
Business An investor walks past the logo of the Saudi Stock Exchange (Tadawul) in Riyadh. (AFP)

Rising Subscriptions, Digital Banking Boost Saudi Telecom Profits in Q3

Telecommunications companies listed on the Saudi stock market (Tadawul) achieved a 43% growth in their quarterly profits during Q3 of 2023, reaching SAR 5.7…

Mohammed al-Mutairi (Riyadh)
Business Saudi banks register high profitability in the third quarter of 2023. (SPA)

Deposits, Loans Raise Saudi Banks’ Profits in 3rd Quarter

Saudi banks achieved SAR 18 billion ($4.8 billion) in profits at the end of the third quarter of 2023 - the highest quarterly profits in their history - due to…

Mohammed al-Mutairi (Riyadh)
Business Traders in one of the Saudi stock exchange halls (SPA)

Anticipated Surge in Saudi Corporate Profits

The anticipated rise in profits of companies listed on the Saudi financial market in the banking, communications, and healthcare sectors during Q3 of 2023 can…

Mohammed al-Mutairi (Riyadh)
Business An aerial view of the Saudi capital, Riyadh (Reuters)

Saudi Real Estate Market Deals Confirm Solidity despite Surrounding Factors

The Saudi real estate market recorded deals worth more than 214 billion riyals ($57 billion) during the first nine months of this year, according to real…

Mohammed al-Mutairi (Riyadh)
Business First day of G20 summit meeting in New Delhi (API)

Eastern, Northern 'Green Corridors' to Connect India with Gulf, Europe

Economists said the Green Corridors project will link India, the Middle East, and Europe, boost economic relations, increase efficiency, ease trade exchange,…

Mohammed al-Mutairi (Riyadh)
Business During the presentation of hydrogen investment opportunities in Oman. (Asharq Al-Awsat)

Hydrogen Oman Seeks Saudi Private Sector Participation in Energy Projects

Eng Abdulaziz Al Shidhani, the General Manager of Hydrogen Oman, said that the company aims to invest in roughly 30 percent of the lands allocated by Oman for…

Mohammed al-Mutairi (Riyadh)