Omar Development News Today

Bouncing back from the COVID-19 slowdown in investments, the City of Anderson has attracted $170 million in new investments in the past year.

Editor’s note: This is part of an occasional series about how the region is prepared for a tremendous period of growth at Electric Boat. Groton ― Amid significant growth in the region and a major...

RIYADH: Jabal Omar Development Co. has been handed the license to operate the first tower of Saudi Arabia’s Jabal Omar Address hotels in Makkah. The development consists of two towers, both of which contain 44 hotel floors and two helipads. The first structure features 742 rooms and suites, and will also include two restaurants, a cafe, meeting rooms, and a business center. In

RIYADH: Saudi Arabia’s Tadawul All Share Index fell 78.73 points — or 0.76 percent — to close at 10,305.02 on Monday, extending Sunday’s 79.36 points loss. While MSCI Tadawul 30 Index closed flat at 1,4091.41, the parallel market Nomu closed 0.38 percent higher at 19,037.57. The total trading turnover of the benchmark index was SR4.80 billion ($1.28 billion) as 65 stocks of

An IPO of the company could raise a few hundred million dollars

Saudi property developer Umm Al Qura for Development & Construction Co. is working with banks including Lazard Ltd. on its planned Riyadh initial public

Move to free up 540 million riyals in cash

RIYADH: Saudi Arabia’s stock market ended the previous week on a high note as its first-half earnings season came to an end. The main benchmark index TASI surged 1.2 percent to finish at 12,591 on Thursday, while the parallel Nomu market settled flat at 21,631. Dubai’s bourse advanced 1.2 percent, followed by Abu Dhabi and Qatar with a 0.2 and 0.7 percent gain, respectively.

RIYADH: Saudi stocks were off to a bad start this week after the earnings season ended with mixed results, forcing investors to be cautious. The Tadawul All Share Index concluded the first trading season of the week 0.52 percent lower at 12,526, while the parallel Nomu finished 0.61 percent down at 21,763. Oil giant Saudi Aramco ended the session with a 1.65 percent decline,

RIYADH: Saudi stocks had a lousy start to the week as the earnings season ended with mixed results, keeping investors on edge. The Tadawul All Share Index began the week 0.94 percent lower at 12,473, while the parallel Nomu edged 0.1 percent down at 21,608 , as of 10:08 a.m. Saudi time. Oil giant Saudi Aramco started the session with a 0.89 percent decline, while Al Rajhi, the