Economy









SAFCO Q1 net profit slumps 30%

JEDDAH: Saudi Arabia Fertilizers Co. (SAFCO) said its first-quarter net profit tumbled 30 percent from a year ago, missing analysts’ forecasts due to lower sales and prices of its products.



Tadawul profit up 74% to SR265m

ALKHOBAR: Saudi Arabia's Tadawul stock market reported a 74 percent jump in net profit in 2014, aided by higher income from trading, it said in a statement.



Real estate stocks dip 4.32%

Saudi Arabia’s benchmark Tadawul All-Share Index saw a significant setback on Tuesday, passing through a lean session of 0.83 percent.



Al-Naimi holds oil talks with Russian envoy

ALKHOBAR: Minister of Petroleum and Mineral Resources Ali Al-Naimi discussed oil markets on Tuesday with Russia's ambassador to Riyadh Oleg Ozerov, SPA reported.

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