13/02/2018 12:09 AST

Riyad Bank, Saudi Arabia's fourth-largest lender by assets, posted a huge rise in fourth-quarter net profit on Tuesday, beating analysts' forecasts, boosted by an easing of impairment charges for credit losses.

The bank made 974 million riyals ($259.7 million) in the three months to Dec. 31, up from 293 million riyals in the same period of 2016, it said in a bourse filing.


Reuters

Adnoc signs 15-year LNG sales & purchase agreement with IndianOil for Ruwais LNG project

28/08/2025

Adnoc announced on Wednesday that it has signed a 15-year sales and purchase agreement (SPA) with Indian Oil Corporation Ltd (IndianOil), India's largest integrated and diversified energy company, fo

Khaleej Times

'Humain Chat' Powered by 'Allam B34': A Bridge for 400 Million Arabic Speakers

27/08/2025

In a technology landscape long dominated by Western models, Saudi Arabia has entered the global artificial intelligence (AI) race on its own terms. The launch of Humain Chat, developed by Humain - a

Asharq Al Awsat

Value of real estate trading in Oman tops OMR3.3bn in 2024

25/08/2025

The total value of real estate trading in the Sultanate of Oman in 2024 amounted to OMR3.38 billion.

This was stated in the annual statistical book issued by the National Centre for Statisti

ONA

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Adnoc signs 15-year LNG sales & purchase agreement with IndianOil for Ruwais LNG project

28/08/2025

Adnoc announced on Wednesday that it has signed a 15-year sales and purchase agreement (SPA) with Indian Oil Corporation Ltd (IndianOil), India's largest integrated and diversified energy company, fo

Khaleej Times

Kuwait Airways and Impulse sign strategic agreement

28/08/2025

In a significant step towards enhancing its digital transformation journey, Kuwait Airways signed a Master Services Agreement (MSA) with Impulse International for Telecommunications, laying the foun

Kuwait Times

Vodafone Qatar launches 'You Deserve It' campaign

28/08/2025

Vodafone Qatar has announced its expansion of Postpaid services through its new 'You Deserve It!' campaign, introducing new connectivity and digital lifestyle offerings to meet the evolving needs of

Gulf Times

Commercial Bank first bank in Qatar to offer Visa Commercial Pay to SMEs

28/08/2025

Commercial Bank, a leader in innovative digital banking solutions, has launched Visa Commercial Pay (VCP), a groundbreaking virtual payment platform designed to transform how Small and Medium-Sized E

The Peninsula

Borouge join forces with Yokogawa on autonomous AI control room

28/08/2025

Abu Dhabi-based petrochemicals company Borouge has announced that it has collaborated with Yokogawa, a leading provider of advanced automation technologies and solutions, to conduct a proof-of-concep

Trade Arabia