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Kingdom Holding reports record profit surge to $2bn on doubled revenue

RIYADH: Saudi conglomerate Kingdom Holding Co. announced a massive profit jump for the first nine months of 2022. Riyadh-based KHC saw its first-half profit skyrocket by 996 percent to SR6.7 billion ($2 billion), from SR612 million in the same period last year. Its revenue doubled to SR1.9 billion during the same period, thanks to higher hotel and property sales, according to ....

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Editor Daily Rundown: Biden Steps On Another Rake Before Election Day

Calling all Patriots! ....

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Elon Musk's Twitter Investors Include Saudi Prince, Jack Dorsey, Qatar

Elon Musk bought Twitter Inc. last week for $44 billion with the help of Wall Street bank loans and shareholders who agreed to roll over their interest in the social media service in exchange for a stake of the new private company. ....

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Know about Elon Musk's Twitter investors

With the aid of Wall Street bank loans and stockholders who consented to roll over their Know about Elon Musk's Twitter investors ....

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Here's what you need to know before Tadawul trading on Thursday

RIYADH: Saudi Arabia’s stock market rebounded on Wednesday, tracking a recovery in oil prices as they surpassed $100 a barrel. TASI edged 0.2 percent higher to 12,443, while the parallel Nomu market added 0.3 percent to end at 21,633. Likewise, the stock exchanges of Qatar and Dubai advanced by 0.4 and 0.9 percent, respectively. Abu Dhabi, Oman, and Kuwait finished lower, ....

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