Stories from Saudi Arabia

SABIC reported a net profit of 13.1 million riyals during the first quarter. Results were supported by improvements in the chemicals sector despite pressures from rising financing costs and lower profit shares from associates. Quarterly momentum also saw oil-related momentum rise by approximately 1 billion. This figure represents a 10 percent decrease compared to the 121 million riyals earned during the same period last year. The company attributed the decline in earnings to rising costs resulting from new expansions and store openings. The group's board was authorized to distribute cash dividends on a semi-annual or quarterly basis for the current year. The report noted that profits were positively impacted by acquisitions, including the disbursement of member bonuses valued between 1.5 million and 1.8 million riyals.

Hamad Al-Anjari, CEO of the Association for the Implementation of the Holy Quran, spoke at an artificial intelligence conference in Riyadh. The session included participation from technology experts and Sharia scholars. The eighth annual research and innovation forum concluded in Riyadh today. The event featured an exhibition with more than 32 pavilions showcasing modern artificial intelligence technologies. These technologies are intended to assist in the teaching and service of the Quran through modern means. The conference aimed to mobilize programmers to utilize technology for religious education services. Ziad Fayyadh, the conference president, stated that this year's event was held over two separate days. The conference featured over 140 research posters and more than 300 participants.

Kidana Development and Development Company has completed the replacement of 100 traditional misting columns with modern misting fans in the western area of the Jamarat courtyard. The project is part of a strategy to improve the operational environment and enhance the experience for Hajj pilgrims. Kidana stated the project was witnessed in its first phase during the previous Hajj season.

Saudi Arabia confirmed its ongoing support for the United Nations Centre of Expertise on Counter-Terrorism. The Kingdom serves as a founding donor and holds the position of chair of the advisory board. The announcement was made during a news bulletin in Riyadh.

Al-Ittihad secured a 2-0 victory over Al-Taawoun to reach 48 points in 29 matches. Goals were scored by Algerian player Houssem Aouar and Moroccan striker Youssef En-Nesyri. The win moves Al-Ittihad closer to fifth place in the standings.

The Kempinski Group has signed an agreement to operate the Masar Makkah project in the Masar Al Haram area. The mixed-use development will include a Kempinski hotel and a shopping mall named Yuka Bima. The project is being developed by Masar Destination.

Prince Fahd bin Sultan of the Tabuk region has directed the restoration and rehabilitation of a historical well. The project aims to preserve the site's historical and architectural importance. Once restored, the well is intended to serve as a cultural and economic tourist.

The South Korean Council for Maritime Security issued a statement following a secret meeting in Jeddah. The council said its focus on condemning attacks on vessels and ensuring maritime security.

OPEC-plus members intend to continue working together despite the exit of the United Arab Emirates from the group. The group intends to maintain cooperation moving forward.

The Deputy Emir of Makkah has inaugurated a development project in the Al-Arus area of Jeddah. The facility covers approximately 90,000 square meters and includes 250 unique units. The project aims to support tourism and entertainment in the region.