The National Accountability Bureau (NAB) recovered and disbursed over Rs88 billion during the first quarter of 2025, covering the period from January to March. This amount included Rs2.085 billion in direct recoveries and Rs86 billion in indirect recoveries. Most of the indirect recoveries involved the retrieval of public and private lands illegally transferred or occupied. […]
first quarter of 2025
Aramco posts over 97 billion riyals profit in first quarter of 2025
RIYADH – Saudi oil giant Aramco reported a net profit of 97.54 billion Saudi Riyals in the first quarter of 2025, according to data released by the company on Sunday. The company’s Q1 2025 profit shows a 4.6% decrease compared to the same period last year. However, it marks a 16% increase when compared to […]
Mercedes faces profit decline in Q1 due to rising tariffs
Mercedes-Benz reported a decline in profitability for its car division in the first quarter of 2025. The company’s profit margin dropped to 7.3%, compared to 9% in the same period last year. This decline is primarily attributed to rising trade tensions and tariff policies affecting its operations. Group earnings before interest and taxes (EBIT) fell […]