Page 27 - Development Co News Today

RIYADH: Saudi Arabia’s main stock market ended Monday with another steep decline, as concerns over the global economy and mixed earnings reports tempered investor optimism. TASI lost 0.8 percent to 12,235, while the parallel market Nomu added 0.15 percent to 22,363. Dubai’s stock market led the fall in the Gulf as it shed 2.5 percent, followed by indexes of Abu Dhabi and

RIYADH: Jazan Energy and Development Co. has posted a 76 percent rise in profit to SR3.56 million ($950,293) in the first quarter of 2022. Traded in the name of Jazadco, the Saudi-listed firm saw its profit jump from SR2 million reported in the first quarter of 2021, according to a bourse filing. The rise in profits resulted from a 14 percent increase in sales, where both

Dakar, Senegal 17 May 2022 (ECA) – Africa must develop high computing capacity to achieve the 4th industrial revolution, said Paul Tiyambe Zeleza, Associate Provost and Professor, Case Western Reserve University, Cleveland Ohio.The 4th industrial revolution, he noted, is an agenda for everyone as it will transform all sectors from education to technology and health.

RIYADH: Saudi stocks opened higher in the first trading session of the week following positive earnings reports. The main index, TASI, added 0.70 percent to reach 12,515, while the parallel market, Nomu, rose 0.76 percent at 22,678, as of 10:09 a.m. Saudi time. Saudi Industrial Export Co. gained 4.83 percent to lead the gainers, while Malath Cooperative Insurance Co. fell 4.17

RIYADH: Saudi stocks closed lower last week as mixed earnings reports and volatile crude prices weighed on investor sentiment. The main index TASI shed 2.24 percent to 12,427 points, while the parallel Nomu market was down 1.4 percent to 22,508 points. While Saudi Arabia led the fall in the Gulf, stock exchanges in the UAE, Qatar, Bahrain, and Kuwait recorded losses in

RIYADH: Saudi-listed Al-Baha Investment and Development Co.’s board of directors have recommended its subsidiary Elegant Centers Co. to go public on the Kingdom’s parallel market. Elegant Centers, in which Al-Baha Investment holds almost 87 percent share, owns and operates central markets and commercial complexes in Saudi Arabia. The recommendation to float the company on Nomu

RIYADH: Saudi stocks closed lower on Sunday as inflation concerns rattled global stock markets, causing investors to remain cautious. The main index, TASI, dropped 0.75 percent to reach 12,334, while the parallel market, Nomu, lost 0.80 percent to reach 22,329. The Kingdom Holding Co. soared 9.90 percent, after Saudi Arabia's PIF acquired a 16.87 percent stake in the firm from

The developers of the Herd Stadium Center announced last year that Starbucks, Qdoba and Papa Johns will be in the new development on 5th Avenue, and recently added Smoothie King.

For 70 years, the DeltaPlex Arena & Conference Center has held events ranging from Donald Trump's presidential pep rallies to local comic book conventions and gun and knife shows. Once the largest concert venue in Grand Rapids, the DeltaPlex is closing.The new owners of the complex have a…

Dakar, Senegal 15 May 2022 (ECA) - Digital Earth Africa is steadfastly becoming the “connecting-the-dots” part of Africa’s efforts to harness information resources for the society and knowledge-led economy, says Oliver Chinganya, Director, Africa Centre for Statistics at the Economic Commission for Africa (ECA).“The Programme has started paving a new way to build a robust data