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Saturday, Oct 01, 2022
World's Arab Press Reports
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Shares of Saudi telecom firm Etihad Atheeb rise after it narrows losses by 86%
Shares of Etihad Atheeb Telecommunication Co. finished 0.11 percent higher, after it managed to narrow down its losses by 86 percent in the second quarter of 2022, helped by a spike in sales.
The telecom firm’s shares reached SR45.25 at the closing of Tuesday’s session.
Better known as Go, the telecom firm brought down its losses to SR1.67 million ($444,669) from SR12.11 million reported in the prior-year period, according to a bourse filing.
Its improved results were accompanied by an 87 percent boost in revenue to SR140 million, up from SR75 million in the previous year.
The results were driven by the decrease in allowance for impairment in trade receivables, allowance for impairment in fixed assets, and Zakat expense, it said.
The firm reported that its accumulated losses reached SR17.7 million at the end of the quarter, representing 20 percent of its share capital.
Saudi Arabia participates in UNESCO cultural conference
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Saudi citizens displaced by Hurricane Ian safely evacuated
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Saudi culture minister meets Jordanian, Iraqi counterparts at UNESCO meeting in Mexico
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Taste of home: Coffee is now Saudis’ cup of tea
Roasted cardamom, cloves and saffron brewed together with lightly roasted coffee, served in a dallah (traditional coffee pot) and poured into finjals (small round cups). That is...
Saudi Maritime Congress draws record interest
To coincide with World Maritime Day, the third Saudi Maritime Congress began on Sept. 28 at the Dhahran Expo.
Saudi Arabia condemns suicide attack on Afghan educational center that killed 19 people
Saudi Arabia on Friday strongly condemned and denounced a “terrorist attack” on an educational center in the Afghan capital, Kabul, which killed and injured a number of people.
Wake up and smell the coffee: Saudi cafes embrace a new era
Arabic coffee has been officially changed to Saudi coffee in the Kingdom’s restaurants, cafes, stores and roasteries early this year.
Beyond the bean: A taste of Saudi Arabia - in a cup
Coffee, the ubiquitous beverage, is as varied as the beans from which it is made.
IAEA elects Saudi Arabia as member of board of governors until 2024
Saudi Arabia has been elected by the International Atomic Energy Agency (IAEA) on Thursday to become a member of the agency’s Board of Governors until 2024.
MoU signed with US institute to train Saudi judicial cadres
President of the Board of Grievances, and of the Administrative Judiciary Council, Sheikh Khaled Al-Youssef, recently signed a memorandum of understanding between the board and ...
Saudi Arabia offers new educational visas serving students from 160 countries
Saudi Arabia announced it had recently relaxed rules for foreign students, introducing long and short-term educational visas.
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