Page 30 - Development Co News Today

Fahad bin Mubarak Al Guthami was recently appointed deputy CEO at American Express, Saudi Arabia, AESA. AESA, a provider of American Express payment products and services in the Kingdom, is a closed joint-stock company, equally owned by Amex (Middle East) BSC and The Saudi Investment Bank. It owns and operates the American Express Card and merchant business in Saudi Arabia.

STB Invites Proposals for Integrated Tourism Development in Jurong Lake District, Singapore, Swire JV acquires Xian Taikoo Li Site for RMB2.57 Billion, KKR to Acquire Outstanding Shares of MC-UBSR in a Strategic Transaction, FEC acquires R&F Properties VS for GBP95.7 million and Provides a Repurchase Option.

RIYADH: Saudi Arabia’s stock market rose on Wednesday as relief flooded the financial sector, despite the fact that attacks on Ukraine continue to rage. The main index, TASI closed 0.49 percent higher to reach 12,944, while the parallel market, Nomu, rose 0.15 percent to 24,478. In the energy market, Brent crude oil hovered at $118.93 per barrel, while WTI crude oil reached

RIYADH: The Tadawul All Share Index extended its rally on Sunday with traders monitoring the ceasefire negotiations in Ukraine, while oil prices rose back above $100 a barrel. As of the closing bell, TASI gained 0.83 percent to reach 12,875, while the parallel market, Nomu, fell 0.46 percent to reach 24,789. In the energy markets, oil prices rose last week with Brent crude

RIYADH: Saudi Arabia’s stocks wrapped up a volatile trading week with gains last Thursday, tracking instability in the oil market. TASI rose 0.9 in the previous trading session, advancing 0.7 on the week. The parallel market, Nomu, ended 0.72 percent higher at 24,902. Led by Dubai’s DFMGI, all major GCC stock indexes recorded gains on Thursday, except for Kuwait which closed

RIYADH: Saudi stocks, much like their global counterparts, continued a tumultuous ride in the wake of the Russia-Ukraine conflict and fell for a second straight day, while oil prices also fell sharply. As of 10:17 a.m. Saudi time, the main index, TASI, tumbled 0.60 percent to reach 12,417.69, while the parallel market, Nomu, stayed flat at 24,362. In the energy sector, Brent

Energy supply diversification to China has been at the core of Russia’s eastern pivot, while Russian gas is central to China’s energy diversification away from the Middle East and Australia. Russia has become the third-largest natural gas supplier to China, including both pipeline gas and LNG, and is currently its second-largest crude supplier after Saudi ...

RIYADH: Saudi stocks closed Monday almost flat as investors worried about global affairs following Russia's invasion of Ukraine. At the closing bell, the main index, TASI, flattened at 12,808, and the parallel market Nomu slipped 0.50 percent to 24,628. UAE stock markets were volatile, Abu Dhabi index ended flat, while Dubai's DFMGI fell 0.9 percent for the second straight

RIYADH: Saudi stocks ended higher in the past week, despite a downturn in global markets as traders shunned in light of the ongoing Ukraine-Russia conflict. At Thursday’s closing bell, TASI closed 0.8 percent higher at its highest value in years of 12,756 points, gaining over 2 percent on the week. The parallel market, Nomu, dropped 0.8 percent to 24,767. Other Middle Eastern

RIYADH: The main Saudi index climbed higher for a third day in a row at the start of Thursday's trading, as oil prices continue to spike. Brent crude reached $117 per barrel, while US benchmark WTI traded at $114.64 per barrel as of 10:06 a.m. Saudi time. TASI opened 0.58 percent higher at 12,728, while the parallel market , Nomu, traded 0.10 percent lower at 24,938, as of