Latest news with #SyndiGateMediaInc
Zawya
25-07-2025
- Business
- Zawya
Bank Aljazira achieves 20% net profit in H1-25; assets exceed $42bln
Riyadh – Bank Aljazira recorded SAR 743.10 million net profits in the first half (H1) of 2025, signaling a 20.24% growth from SAR 618 million in H1-24. The earnings per share (EPS) inched up to SAR 0.50 at the end of June 2025 compared to SAR 0.41 in the same period a year earlier, according to the income statements. The Saudi lender registered client's deposits totaling SAR 114.15 billion as of 30 June 2025, which increased by 15.83% year-on-year (YoY) from SAR 98.55 billion. Bank Aljazira's total assets also soared by 14.18% YoY to SAR 157.57 billion in H1-25 from SAR 138 billion. In addition, the investments rose by 7.97% YoY to SAR 37.38 billion in January-June 2025 from SAR 34.61 billion in the same six months (6M) a year earlier. Quarterly Results In the second quarter (Q2) of 2025, the net profits of Bank Aljazira also surged by 20.30% to SAR 382.10 million from SAR 317.60 million in Q2-24. Meanwhile, on a quarterly basis, the Q2-25 net profits were 5.84% higher than SAR 361 million in Q1-25. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
Zawya
16-07-2025
- Business
- Zawya
Gold prices in Egypt collectively drop on Tuesday
Arab Finance: The gold prices in Egypt registered a collective drop on Tuesday, with the 24-karat falling to EGP 5,291.5 per gram for purchasing and EGP 5,320 for selling, iSagha's data showed. The 22-karat gold price also declined to EGP 4,850.5 for purchasing and EGP 4,876.75 per gram for selling. Meanwhile, the 21-karat gold fell to EGP 4,630 per gram for buying and EGP 4,655 for selling. The 18-karat gold price amounted to EGP 3,968.5 per gram for purchasing and EGP 3,990 for selling. The gold pound's price recorded EGP 37,040 for buying and EGP 37,240 for selling. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
20-05-2025
- Business
- Zawya
Housing Minister: More than 133,000 firms in Saudi construction sector
RIYADH — Saudi Housing Minister Majid Al-Hogail said that the construction sector in Saudi Arabia has more than 133,000 establishments with over 1.6 million individuals participating daily in building a new reality: smart cities and integrated development. Al-Hogail noted that project management gives organizations greater predictability, responsiveness, and execution, and improves performance and raises the quality of achievement. He emphasized that Saudi Arabia's Vision 2030 outlines an ambitious future that reshapes the economic, social, and development landscape. The minister explained that project management has become a strategic approach and an essential tool for leading change and achieving sustainable impact, and is no longer an executive option. He noted that the National Projects Council is playing a growing role in unifying efforts and enhancing performance. He added, "Government project management offices contribute to enhancing planning, follow-up, and governance practices, ensuring quality implementation and consistency with national goals." This came during his inauguration of the Global Project Management Forum (GPMF 2025), hosted by the capital, Riyadh. The GPMF is one of the prominent international events in this field, bringing together more than 13,000 specialists and interested parties from at least 100 countries. There will be 120 international speakers, 60 dialogue sessions and 16 training workshops. The event reflects the position that Saudi Arabia occupies in leading developmental and institutional transformations at the global level. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
06-05-2025
- Climate
- Zawya
Strong winds, low visibility expected in Kuwait through Fri.
KUWAIT: Kuwait is expected to be hit by strong northwesterly winds starting Monday evening, with gusts exceeding 60 km/h, according to the Meteorology Department. Acting Director Dharar Al-Ali said the winds will reduce horizontal visibility in some areas and cause sea waves to rise above six feet. The blustery conditions are forecast to persist through Friday evening. "This period, known as the 'Sarayat', is marked by unstable and rapidly changing weather," Al-Ali said. On Sunday evening, winds reached over 70 km/h, with gusts topping 100 km/h in northern regions. Visibility in some areas dropped to less than 1,000 meters-and even to zero in places-he added. Increased low and mid-level cloud cover, including intermittent cumulus clouds and scattered thunderstorms, was also reported. These conditions were attributed to an extension of a thermal low pressure system. Al-Ali urged motorists to exercise caution on highways and advised seafarers to remain alert to rising waves, encouraging the public to follow updates via the department's official website, mobile app, and social media channels. All KUNA right are reserved © 2022. Provided by SyndiGate Media Inc. (
Zawya
06-05-2025
- Business
- Zawya
Gold prices in Egypt drop on Monday
Arab Finance: The gold prices in Egypt recorded collective gains on Monday, with the 24-karat rising to EGP 5,371.5 per gram for buying and EGP 5,394.25 for selling, iSagha's data showed. The 22-karat gold price increased to EGP 4,923.75 for buying and EGP 4,944.75 per gram for selling. Likewise, the 21-karat gold climbed to EGP 4,700 per gram for buying and EGP 4,720 for selling. The 18-karat gold price stood at EGP 4,028.5 per gram for buying and EGP 4,045.75 for selling. Meanwhile, the gold pound's price jumped to EGP 37,600 for purchasing and EGP 37,760 for selling. Finally, the price of the gold ounce hit $3,317.61 for buying and $3,317.9 for selling. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
