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What Does Neom's Downsize Means for Saudi Arabia's Vision 2030?

Saudi Arabia scales back ambitions for its Neom megacity project, reducing the population target by 2030 and delaying the completion of the 170km straight-line city.

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Shree Cement Q3 Results: Profit Up 2.5 Times

Shree Cement Ltd.'s third-quarter profit jumped, beating analysts' estimates.

The cement manufacturer's net profit grew 2.5 times year-on-year to Rs 701.9 crore in the quarter ended September, according to an exchange filing on Saturday. That compares with the Rs 536.9 crore consensus estimate of analysts tracked by Bloomberg.

The board also approved a dividend of Rs 50 per share.

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External trade seen recovering in 2024

Malaysia’s external trade performance will likely recover on a gradual basis in 2024, following an expected contraction for the full year of 2023.

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