Latest news with #SR9
Saudi Gazette
20-05-2025
- Entertainment
- Saudi Gazette
Games confirmed for the SNK World Championship 2025, SNK's global fighting game tournament!
The ES TIMES — City of the Wolves alone will feature a total prize pool of $2,500,000 (SR9,375,000), and the tournament winner will receive $1,500,000 (SR5,625,000)! SNK World Championship 2025 is an esports tournament where players from around the world compete to become the best in the world of SNK fighting games. Qualifying tournaments will be held in several regions around the world, culminating in the final tournament in the United States at the end of 2025. In addition to the qualifiers currently underway for THE KING OF FIGHTERS XV and SAMURAI SHODOWN, FATAL FURY: City of the Wolves will join this year as a headliner! The total prize pool for all City of the Wolves qualifying and final tournaments exceeds $2,500,000 (SR9,375,000), with the grand prize for the champion set to be $1,500,000 (SR5,625,000). Additional details regarding prizes, qualifying tournament dates, and more will be announced soon. Don't miss this opportunity! We reviewed the game and gave it a 9/10. Raouf Belhamra said of the game: 'Fatal Fury: City of the Wolves represents a historic return for SNK's venerable series, combining authenticity with modernity. With innovative gameplay, vibrant graphics, and music that captures the spirit of the series, the game delivers a masterpiece worthy of the return of a legend after more than two decades. Despite some minor interface flaws and some controversial additions, its combat, story, and technical performance make it one of the best fighting games of all time and a benchmark for the new generation of the genre.' SNK's beloved Fatal Fury series debuted in 1991 and was one of the first games to lead the fighting game wave that swept the industry in the 1990s. Garou: Mark of the Wolves, released in 1999, was for a long time the last entry in the series... But now all that changes: 26 years later, a brand new installment is coming - Fatal Fury: City of the Wolves! The game features a unique art style that stimulates the senses, an innovative REV system that heightens the excitement, and a set of new combat systems that are more powerful than ever. The game also brings new life to the series by introducing two different control schemes to ensure enjoyment for beginners and professionals alike, along with all-new features and elements. The streets of South Town are filled with excitement, wild dreams, and the craziest ambitions. And here, finally, a new legend is about to be born... Raouf Belhamra – Esports and Gaming writer
Saudi Gazette
07-05-2025
- Business
- Saudi Gazette
Saudi trade surplus hits SR30 billion in February 2025
Saudi Gazette report RIYADH — Saudi Arabia's trade balance recorded a surplus of SR 30.6 billion during February 2025, achieving a monthly growth of 44.6% with an increase of more than SR9 billion, compared to January, when the trade surplus amounted to SR21.1 billion. This was the highest in nine months, specifically since May 2024, in which a surplus of SR30.1 billion was recorded. According to preliminary data issued in Saudi Arabia's International Trade Bulletin, the total volume of international trade in February 2025 amounted to approximately SR156.9 billion, achieving an annual growth of 4% compared to an increase of more than SR1 billion, compared to February 2024, when it amounted to SR29.4 billion. Saudi Arabia's commodity exports amounted to about SR 93.7 billion, compared to SR63.2 billion, the value of commodity imports. Non-oil national exports amounted to about SR16.1 billion, representing 17.1% of the total exports, while oil exports recorded about SR67.6 billion, representing 72.1% of the total, while the value of re-exports amounted to about SR10 billion, representing 10.7% of the total countries group topped the list of importing groups for Saudi Arabia's exports, accounting for 73.7% of the total commodity exports, with a value exceeding SR69 billion, followed by the European countries group with a percentage of 12.5% and a value exceeding SR11 billion, then the African countries group with a percentage of 8.4% and a value exceeding SR7 ranked first among the countries importing Saudi Arabia's exports, with a percentage of 16.2% and a value of SR15.2 billion, followed by South Korea with a 10.1% and a value of SR9.5 billion, then the United Arab Emirates with a percentage of 9.8% and a value of SR9.2 for non-oil exports (including re-exports), they passed through (31) land, sea and air customs ports, and their initial value amounted to SR26.1billion, as King Khalid International Airport in Riyadh topped the customs ports with a value of SR3.2 billion, representing (12.4%) of the total, followed by Jeddah Islamic Port with a value of SR3.1 billion, representing 12% of the total.
Zawya
28-04-2025
- Business
- Zawya
Saudi: STC reports strong first-quarter 2025 results with 11% rise in net profit
Saudi Arabia - stc announced its preliminary financial results for the period ending March 31, 2025, highlighting strong performance across key metrics. Revenues for the first quarter reached SR19,210 million, an increase of 1.60% compared to the same quarter last year. Gross profit rose to SR9,098 million, marking a 5.01% increase year-on-year, while operating profit reached SR3,584 million, up 2.02%. Earnings before interest, taxes, zakat, depreciation, and amortization (EBITDA) climbed to SR6,120 million, reflecting a 5.25% growth compared to the comparable quarter last year. Net profit for the first quarter rose to SR3,649 million, an increase of 11.05%. In line with its dividends distribution policy approved by the General Assembly, stc announced a distribution of SR0.55 per share for the first quarter of 2025. Commenting on the results, Eng. Olayan Alwetaid, CEO of stc Group, emphasized that the Group's ambitious strategy and forward-looking vision had delivered an excellent performance in the first quarter. He noted the company's achievement of 1.60% revenue growth, 5.01% gross profit growth, and an impressive 11.05% rise in net profit compared to the same period last year. The GCEO affirmed that these results reflect the Group's unwavering commitment to innovation, operational efficiency, sustainable growth, and creating added value for shareholders, customers, and the broader digital economy. Eng. Alwetaid also highlighted several strategic milestones achieved early in 2025, further strengthening stc's position in the telecommunications and information technology sector. Among these was a new global milestone as the Group successfully localized the software for eSIM technology in collaboration with Thales, making stc the first telecom operator in the world to obtain the SAS-UP license certification from the GSMA. The GCEO stressed that this achievement complements stc's ongoing efforts to support local content in the ICT sector through business localization and the transfer of manufacturing and technical expertise to the Kingdom. In line with its commitment to enhancing the region's digital communication infrastructure, stc signed a strategic agreement with Ooredoo to establish an international ground fiber network corridor between Saudi Arabia and Oman. This project, beginning with the Saudi-Oman corridor, aims to enhance regional connectivity by creating an integrated ground fiber network with two backup routes, linking submarine cable landing stations on the Red Sea in Saudi Arabia to counterparts on the Arabian Sea in Oman, passing through dedicated data centers in both countries. This agreement reaffirms stc Group's commitment to delivering advanced communication solutions, enhancing intercontinental connectivity, and driving digital transformation to support the region's economic growth. Additionally, stc Group strengthened its position in cloud computing and artificial intelligence by signing an agreement with Amazon Web Services (AWS). This partnership significantly boosts the Group's ability to deliver advanced technological solutions tailored to diverse sectors, reaffirming its commitment to advancing an integrated digital economy and leading the future of smart technology in the Kingdom and beyond. In a further demonstration of its commitment to excellence in digital services, stc enhanced its telecommunications network at the Two Holy Mosques during the holy month of Ramadan. By strengthening its infrastructure to meet peak demand, the Group achieved a 120% increase in connection speeds, ensuring an exceptional communication experience for visitors during the busiest periods. Finally, stc Group reaffirmed its commitment to continuing its pioneering journey by enabling digital transformation and driving national economic growth through strategic initiatives that empower various sectors. The Group aims to further solidify its position as a key partner in building a sustainable digital future aligned with the Kingdom's aspirations and its vision for a diversified, innovation-driven economy. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Saudi Gazette
27-04-2025
- Business
- Saudi Gazette
stc reports strong first-quarter 2025 results with 11% rise in net profit
stc announced its preliminary financial results for the period ending March 31, 2025, highlighting strong performance across key metrics. Revenues for the first quarter reached SR19,210 million, an increase of 1.60% compared to the same quarter last year. Gross profit rose to SR9,098 million, marking a 5.01% increase year-on-year, while operating profit reached SR3,584 million, up 2.02%. Earnings before interest, taxes, zakat, depreciation, and amortization (EBITDA) climbed to SR6,120 million, reflecting a 5.25% growth compared to the comparable quarter last year. Net profit for the first quarter rose to SR3,649 million, an increase of 11.05%. In line with its dividends distribution policy approved by the General Assembly, stc announced a distribution of SR0.55 per share for the first quarter of 2025. Commenting on the results, Eng. Olayan Alwetaid, CEO of stc Group, emphasized that the Group's ambitious strategy and forward-looking vision had delivered an excellent performance in the first quarter. He noted the company's achievement of 1.60% revenue growth, 5.01% gross profit growth, and an impressive 11.05% rise in net profit compared to the same period last year. The GCEO affirmed that these results reflect the Group's unwavering commitment to innovation, operational efficiency, sustainable growth, and creating added value for shareholders, customers, and the broader digital Alwetaid also highlighted several strategic milestones achieved early in 2025, further strengthening stc's position in the telecommunications and information technology sector. Among these was a new global milestone as the Group successfully localized the software for eSIM technology in collaboration with Thales, making stc the first telecom operator in the world to obtain the SAS-UP license certification from the GCEO stressed that this achievement complements stc's ongoing efforts to support local content in the ICT sector through business localization and the transfer of manufacturing and technical expertise to the line with its commitment to enhancing the region's digital communication infrastructure, stc signed a strategic agreement with Ooredoo to establish an international ground fiber network corridor between Saudi Arabia and Oman. This project, beginning with the Saudi-Oman corridor, aims to enhance regional connectivity by creating an integrated ground fiber network with two backup routes, linking submarine cable landing stations on the Red Sea in Saudi Arabia to counterparts on the Arabian Sea in Oman, passing through dedicated data centers in both agreement reaffirms stc Group's commitment to delivering advanced communication solutions, enhancing intercontinental connectivity, and driving digital transformation to support the region's economic stc Group strengthened its position in cloud computing and artificial intelligence by signing an agreement with Amazon Web Services (AWS). This partnership significantly boosts the Group's ability to deliver advanced technological solutions tailored to diverse sectors, reaffirming its commitment to advancing an integrated digital economy and leading the future of smart technology in the Kingdom and a further demonstration of its commitment to excellence in digital services, stc enhanced its telecommunications network at the Two Holy Mosques during the holy month of strengthening its infrastructure to meet peak demand, the Group achieved a 120% increase in connection speeds, ensuring an exceptional communication experience for visitors during the busiest stc Group reaffirmed its commitment to continuing its pioneering journey by enabling digital transformation and driving national economic growth through strategic initiatives that empower various Group aims to further solidify its position as a key partner in building a sustainable digital future aligned with the Kingdom's aspirations and its vision for a diversified, innovation-driven economy.
Arab News
21-04-2025
- Business
- Arab News
PepsiCo opens regional headquarters in Riyadh, unveils $8m R&D center
RIYADH: Global beverage giant PepsiCo has opened its new Middle East regional headquarters in Riyadh's King Abdullah Financial District, reinforcing the company's long-term commitment to the region. Spanning 2,800 sq. m, the state-of-the-art facility will accommodate more than 150 employees and serve as a central hub for PepsiCo's operations across the Middle East. 'Our new RHQ in Riyadh signals our firm and long-term commitment to this region's future and its people – through job creation, agricultural partnerships, social impact and environmental stewardship,' said Ahmed El-Sheikh, president and general manager for Middle East, North Africa, and Pakistan Foods. The inauguration ceremony drew attendance from top PepsiCo executives, including Chairman and CEO Ramon Laguarta, alongside senior Saudi officials and business leaders. As part of its regional growth strategy, PepsiCo also announced plans to launch a new research and development center in the Kingdom, with an investment of SR30 million ($7.99 million). The R&D hub will focus on innovation in product development and packaging tailored to regional preferences. The facility will feature a culinary lab and an immersive sensory studio designed to refine products in alignment with local consumer tastes. In addition to serving as a business and innovation center, the Riyadh headquarters will also house PepsiCo's flagship social impact programs, including Tamakani and MENA Innovates, both aimed at empowering youth and fostering sustainable innovation. PepsiCo has invested over SR9 billion in Saudi Arabia over the past eight years. In 2023 alone, the company allocated SR199 million to expand its Dammam manufacturing facility. Today, PepsiCo operates across 86 locations in the Kingdom and employs nearly 9,000 people through direct operations and its franchise network.
