Saudi Arabia’s exports to GCC states declined by 45 percent in Oct

Updated 15 December 2012
0

Saudi Arabia’s exports to GCC states declined by 45 percent in Oct

Riyadh: Saudi Arabia’s exports of national origin products to Gulf Cooperation Council (GCC) States fell in October 2012 by 45.27% compared with the same period of the year 2011 amounting to SR1,336 million compared to SR 2,441 million, while imports from these States amounted to SR 2,949 million, down by 6.94%.
The bulletin of the Kingdom’s non-oil exports and imports issued by the Central Department of Statistics and Information and reported by Saudi Press Agency (SPA) said that the United Arab Emirates (UAE) topped the list of Saudi exports worth SR 613 million, followed by Qatar SR 228 million, Kuwait SR 202 million, Bahrain SR169 million, and Oman SR 124 million.
It is noteworthy that the Kingdom’s non-oil exports in October fell by 22.97% amounting to SR 13,163 million, while imports fell in the same period by 20.95% amounting to SR 38,914 million compared with the same period of the last year.
--SPA


Samsung Electronics reports 52% jump in Q1 net profit

Updated 1 min 27 sec ago
0

Samsung Electronics reports 52% jump in Q1 net profit

  • Profits bump thanks to strong demand for memory chips, smartphones
  • Net profit for the January to March period hit 11.69 trillion won ($10.8 billion)

SEOUL: Samsung Electronics reported a 52 percent jump in its first quarter net profit Thursday, thanks to strong demand for memory chips and its latest flagship smartphone.
Net profit for the January to March period hit 11.69 trillion won ($10.8 billion), the company said in a regulatory filing.