RIYADH: Saudi Arabian Mining Co., commonly known as Ma’aden, reported a net profit of SR2 billion (US$532 million) in the first half of 2024, a remarkable increase of 160 percent compared to the same period in 2023. This increase in profitability was due to several key factors. A key factor in this financial success was […]

RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Sunday, adding 104.57 points or 0.90 percent to close at 11,771.69. Total trading turnover of the benchmark index was SR5.09 billion (US$1.35 billion), with 162 of the stocks rising while 61 declined. The kingdom’s parallel market Nomu lost 293.95 points or 1.14 percent to close at […]

RIYADH: When Saudi film director and producer Aymen Khoja started his own company AK Pictures two years ago, most of his proposals were rejected by investors. Half-jokingly, he told his business partner he wished he was a foreigner. “If my hair was blonde and my eyes were blue, they would have accepted at least five […]

How sustainable water management is turning Saudi rose farms into a global industry JEDDAH: Pink roses from Saudi Arabia are popular throughout the Arabian Peninsula for their expert cultivation, vibrant color, alluring fragrance and the many luxurious products derived from their petals, forming a multimillion-dollar industry. Two types of pink roses are cultivated in the […]