RIYADH: Saudi chemical giant SABIC saw its profits fall to SR1.84 billion ($490 million) in the third quarter of 2022, surprising analysts as they didn’t expect earnings to decline at that level.
In response to the results, SABIC’s shares fell over 2 percent to reach SR87.9, as of 10:16 a.m. Saudi time.
The company’s profits declined over 67 percent from SR5.6 billion in the same quarter a year earlier, recording a bigger fall than analysts had earlier estimated, despite a revenue jump of 7 percent to SR47 billion.
The United States Navy has publicly revealed the AIM-424 Malice, a next-generation long-range air-to-air missile…
Canadian Prime Minister Mark Carney has announced retaliatory tariffs against the United States after trade…
Pakistan’s suspected procurement of China’s LD-2000 close-in air defence system could carry implications extending well…
Turkish armoured vehicle manufacturer FNSS has unveiled a new heavy unmanned amphibious combat platform designed…
Annadale Community Garden Group is one of four groups or individuals in the running for…
The United States and South Korea have begun their annual joint military exercises under an…