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UPS announced its financial results for the first quarter of 2026, reporting a net profit of <strong>$864 million</strong>, exceeding Wall Street expectations. However, the company's shares fell by <strong>3%</strong> in pre-market trading.
Jahez, a Saudi information technology company, reported a sharp decline in its net profits by 61%, amounting to <strong>73 million SAR</strong> (<strong>$19.4 million</strong>) in 2025, down from <strong>188 million SAR</strong> (<strong>$50 million</strong>) in 2024. This decline reflects the financial pressures faced by the company amid rising operational costs.