Skip to content
World Today News
  • Business
  • Entertainment
  • Health
  • News
  • Sport
  • Technology
  • World
World Today News
  • Business
  • Entertainment
  • Health
  • News
  • Sport
  • Technology
  • World
Friday, December 5, 2025
World Today News
World Today News
  • Business
  • Entertainment
  • Health
  • News
  • Sport
  • Technology
  • World
Copyright 2021 - All Right Reserved
Home » Financial indicators » Page 4
Tag:

Financial indicators

Business

Jarir Marketing: Online Sales Surge 39% in 2025

by Priya Shah – Business Editor October 13, 2025
written by Priya Shah – Business Editor

Jarir Bookstore ‍Reports 39% Online sales Surge Following Strategic Improvements

RIYADH – Jarir bookstore Company announced a notable 39% increase in ‌online sales following recent enhancements to its digital platform and customer service offerings,‍ according to comments made by company official Al-Aqeel. The ‌growth underscores a broader shift in consumer behavior toward e-commerce within the region and positions ⁢Jarir to capitalize⁤ on continued digital expansion.

The surge in online revenue ⁢comes as ‍jarir strategically ⁣invests‍ in its digital infrastructure, including improved after-sales services and expanded product⁤ availability. This move is especially ⁤relevant as brick-and-mortar retailers increasingly rely on online channels to reach wider audiences and adapt to evolving shopping preferences. The ​company’s success demonstrates the potential for traditional businesses to thrive in the digital age through targeted investment ‌and customer-centric strategies.

Currently,⁤ Jarir’s online store attracts approximately 6 ‌million⁤ visitors each month.Al-Aqeel noted that the company has substantially increased ‌the number of products available online, overcoming limitations imposed by physical showroom space.

Delivery speed is also a key component of the improved online experience, with⁣ 50% of orders now fulfilled within approximately ‌one hour. Jarir also offers roughly half a million books through⁤ a print-on-demand service via its online platform.

Beyond ‌the domestic market, ‌Jarir is actively expanding its presence in the Gulf⁣ region, currently operating in Qatar, Kuwait,⁤ Bahrain, and the United Arab Emirates. Plans are underway to open a new showroom within the Gulf, further solidifying the company’s regional‍ footprint.

Al-Aqeel indicated that Jarir is committed ⁢to introducing further initiatives ​to sustain growth throughout the fourth quarter of this year and beyond. ⁤The company anticipates continued​ positive momentum as ⁣it refines its online offerings and‌ expands its regional reach.

October 13, 2025 0 comments
0 FacebookTwitterPinterestEmail
Business

Title: Aramco Postpones Chemical Expansion Projects Amid Oil Price Decline

by Priya Shah – Business Editor October 11, 2025
written by Priya Shah – Business Editor

Saudi Aramco Pauses Work on Chemical Expansion Projects, Shifts⁤ Focus to Existing​ Ventures

Saudi Aramco has ‌halted progress on three planned‍ expansion projects within its chemicals sector, opting instead to prioritize investments ⁢in existing international facilities and ongoing crude-to-chemicals conversions, the company ​indicated recently. The move signals a strategic recalibration amid shifting global demand ​and a focus on maximizing returns from current assets.

The paused projects⁢ represent a significant shift for the oil giant, which had previously signaled ambitious growth in petrochemicals. Aramco’s decision impacts planned expansions in Saudi Arabia, and reflects a current preference for investing in established⁢ markets like China⁣ and South Korea, close to ⁢major demand centers. ​This adjustment comes as ⁣Aramco plans to spend over $50 billion this year, largely on upstream gas ⁤projects and maintaining oil production​ capacity.

Currently, Aramco⁣ is proceeding with four crude-to-chemicals‌ conversion ​projects, including two in China, one in South Korea, and a joint venture with TotalEnergies in​ Saudi ⁤Arabia, all slated for completion within ⁢the next ⁤three years.

Recent agreements‍ underscore this strategic pivot. In April,Aramco signed a ⁢framework agreement with Sinopec and yanbu Aramco sinopec Refining Company ​(YASREF) to expand petrochemical projects at the YASREF‌ refinery in Yanbu. Additionally, in December 2022, Saudi Basic Industries Corporation (SABIC), Aramco, and Sinopec​ signed a memorandum of understanding to assess the feasibility of a new integrated ‍petrochemical complex in Yanbu Industrial City.

October 11, 2025 0 comments
0 FacebookTwitterPinterestEmail
Business

Title: Petro Rabigh: Aramco’s Acquisition Boosts Financial Position

by Priya Shah – Business Editor October 10, 2025
written by Priya Shah – Business Editor

Aramco‘s Petro Rabigh Stake Boost Expected to Yield‍ Positive Financial Results

RIYADH – Petro Rabigh anticipates a favorable financial impact‌ following Saudi ‌Aramco’s completed acquisition of a ‍22.5% stake in the company, representing 375.97 million Class A ordinary ‍shares. The‌ deal, finalized yesterday, solidifies Aramco’s position as Petro Rabigh’s largest shareholder with approximately 60% ownership.

The $702 million (2.63 billion riyals) transaction, initially agreed upon ​in august 2024, sees ‍Sumitomo‍ Chemical Company’s ownership reduced to 15%. ‌This ⁣increased investment by Aramco is expected to strengthen Petro⁤ Rabigh’s‍ financial standing and support it’s future ​growth‌ initiatives. A special ⁤deal executed ‌on the Tadawul​ (TASI) ⁤main market on Wednesday saw approximately 375.97 million shares change‍ hands for a total⁢ value of 2.63 billion riyals, representing⁣ 22.49% of ‌Petro Rabigh’s 1.67 billion total⁢ shares.

The acquisition was completed after Saudi ‌aramco purchased ‌the shares ​from sumitomo Company at a price of 7⁢ riyals per share. Petro Rabigh has announced that a precondition for institutional shareholders’ subscription ⁣to Class B common shares ⁤has been met, and the subscription‍ and subsequent fund injection are ⁤anticipated within 15 buisness days, ⁣with a further‌ proclamation ‍to follow upon completion.

October 10, 2025 0 comments
0 FacebookTwitterPinterestEmail
Business

Ranking of licensed financial market institutions according to the volume of assets managed by the end of the second quarter of 2025

by Priya Shah – Business Editor October 8, 2025
written by Priya Shah – Business Editor

Global Asset Management Landscape Shifts as Rankings Finalized⁣ for Q2 2025

NEW YORK – October​ 8, 2025 ⁣ – The‍ definitive ranking ⁢of⁤ licensed financial market institutions by assets under management (AUM) as⁢ of June⁤ 30, 2025, reveals a dynamic shift in the global financial hierarchy. Data compiled and analyzed by industry sources indicates continued dominance by established players, alongside notable gains by several emerging firms. The rankings, closely watched by investors and regulators ​alike, provide a crucial snapshot of wealth distribution and market influence.

These figures are pivotal for understanding the evolving power dynamics within ⁣the financial sector, impacting investment strategies, regulatory oversight, and future market trends. The total value ‌of⁣ assets managed by the ​institutions in this ranking exceeds $1.1⁤ trillion, representing a notable portion of⁢ global investment capital. Shifts in these ⁢rankings signal changing ⁣investor preferences, the success of specific investment strategies, and the overall health of the financial markets, with implications for retirement funds,⁤ institutional investors, and individual wealth portfolios.

according to the data,the top three institutions maintain their positions,though‌ with varying degrees of growth. The leading firm reports an ⁤AUM of $575.17 billion, followed by a second-place institution with $352.60 billion. A third firm secures the third⁤ position with $206.24 billion in ⁢assets managed. These figures represent the culmination of⁤ investment performance ⁤and net inflows throughout the second quarter of⁣ 2025.

October 8, 2025 0 comments
0 FacebookTwitterPinterestEmail
Business

Title: Lubrev Signs 20-Year Diesel Agreement with Saudi Aramco

by Priya Shah – Business Editor October 2, 2025
written by Priya Shah – Business Editor

Lubrev ⁢Secures 20-Year Diesel⁢ Supply Agreement with​ Saudi Aramco

YANBU, SAUDI ARABIA – Lubrev has finalized⁤ a 20-year agreement with Saudi Aramco⁣ to supply up to 6,500 barrels per day of low-sulfur diesel from Aramco’s Yanbu refinery, commencing‌ September 29, ‌2025. the long-term contract, disclosed⁢ in a statement to Tadawul, aims to ‌bolster Lubrev’s customer base and ⁢improve profit margins on secondary products.

This agreement marks a significant step for Lubrev, positioning the company for⁤ sustained growth through ‌a guaranteed supply of a key fuel component.The deal’s ​longevity provides stability in a volatile market, while ‌the potential for renewal offers continued opportunity.‍ though the financial⁢ impact is currently difficult ⁤to quantify due to market price fluctuations, Lubrev anticipates positive contributions beginning in ⁤the fourth ‍quarter of 2025.

The pricing for the⁤ diesel will​ be persistent by an equation linked to prevailing market rates. saudi Aramco holds a 70% ⁢stake in Lubrev, ‍classifying it as a related party to the agreement. ‌Both parties retain the option to terminate the contract according to the⁢ terms outlined within it, but the initial term extends through 2045 with potential for mutual ⁣extension.

Lubrev stated‍ the ‌agreement is expected to enhance profitability through increased sales volume and optimized sourcing of diesel,⁢ a critical component in⁢ its ​product ⁢portfolio.

October 2, 2025 0 comments
0 FacebookTwitterPinterestEmail
Business

Title: America Will Not Pump Money into Argentina – Bond Volatility Surges

by Priya Shah – Business Editor October 2, 2025
written by Priya Shah – Business Editor

US Signals Limited Aid to Argentina, Cooling ⁤Bond Market Rally

WASHINGTON – Teh United States has clarified its potential financial support⁤ for Argentina, signaling it will likely offer a swap line but ⁢will ​not directly invest⁤ capital into the struggling South American nation. The proclamation,made by a US official,tempered ‌initial optimism that had driven up Argentine bond prices ‌earlier ​this week.

The ⁢shift in tone follows a period of speculation regarding the ‍extent of US assistance. while the ⁢US had previously outlined three potential ​options – a $20 billion swap line, direct debt purchases, and ⁢currency buying – the ​official indicated a preference for the swap line mechanism. ‍This progress impacts investors ​holding ⁢Argentine dollar bonds, which have experienced six ‌consecutive days of ⁣decline, and casts uncertainty on‌ Argentina’s immediate economic ⁤outlook as it ‌seeks financial stabilization.

Earlier ⁣this week, ‌initial reports of US⁢ willingness to “help Argentina” spurred a rally in bond prices. Though, the official, speaking⁤ to CNBC, quickly walked back the suggestion of a direct capital injection, stating, “We may give them a⁢ swap line, but‌ we will not pump money in Argentina.”

The US had considered a range of interventions, including a potential ⁤$20 billion⁣ currency swap to bolster Argentina’s reserves.A​ swap⁣ line‌ would⁣ allow Argentina to access US dollars in exchange for ‍Argentine pesos, providing short-term liquidity. Direct debt ⁤purchases or currency buying were also floated as possibilities.

On Wednesday, the‌ US official spoke with Argentine ‌Minister of Economy Luis Caputo, who is expected to⁢ travel to Washington in⁢ the coming days ⁣to ⁣discuss ‌”options ‍for providing financial support.” The narrowing of potential aid options suggests​ the US is prioritizing a ⁤less interventionist approach, aiming to provide Argentina with ⁣access to⁤ dollars without directly injecting capital into the economy.

As of today, Argentine dollar‌ bonds due in 2035 have decreased by‍ 0.3 cents⁣ to‍ 51.45 ​cents per dollar, reflecting investor reaction to the revised‍ US stance.

October 2, 2025 0 comments
0 FacebookTwitterPinterestEmail
Newer Posts
Older Posts

Search:

Recent Posts

  • Title: HBO Max Launch Dates & UK, Germany, Italy Streaming Plans

    December 5, 2025
  • At least 4 countries pull out of 2026 Eurovision contest over Israel’s participation : NPR

    December 5, 2025
  • Australia vs. England Ashes: Live Cricket Score & Updates

    December 5, 2025
  • Elsbeth’s Shady Jordon Hudson, Bill Belichick Age-Gap Romance References

    December 5, 2025
  • Govt assures equal safety standards for vehicles

    December 5, 2025

Follow Me

Follow Me
  • Live News Feeds
  • Short Important News
  • Most Important News
  • Headlinez
  • Most Recommended Web Hosting
  • About Us
  • Accessibility statement
  • California Privacy Notice (CCPA/CPRA)
  • Contact
  • Cookie Policy
  • Copyright Notice
  • Disclaimer
  • DMCA Policy
  • EDITORIAL TEAM
  • Links
  • Privacy Policy
  • Terms & Conditions

@2025 - All Right Reserved.

Hosted by Byohosting – Most Recommended Web Hosting – for complains, abuse, advertising contact: contact@world-today-news.com


Back To Top
World Today News
  • Business
  • Entertainment
  • Health
  • News
  • Sport
  • Technology
  • World
World Today News
  • Business
  • Entertainment
  • Health
  • News
  • Sport
  • Technology
  • World
@2025 - All Right Reserved.

Hosted by Byohosting – Most Recommended Web Hosting – for complains, abuse, advertising contact: contact@world-today-news.com