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Saudi Basic Industries Corp (Sabic) said on Tuesday that it expects margins to be under pressure in the second half of 2022, due to a slowdown in global

RIYADH: Saudi Arabia’s stock market closed lower on Sunday, tracking a drop in oil prices after China imposed new COVID-19 lockdown measures. The main TASI index lost 2.2 percent to 12,322, and the parallel market Nomu shed 2.3 percent to 21,737. This was driven by losses in some of TASI’s heavyweights, with oil giant Aramco dropping 3 percent, and the biggest player in the

RIYADH: Saudi stocks fell at the start of the final session of the week as the market sell-off continued with traders struggling to gain ground. Oil prices continued to fluctuate, with Brent crude reaching $105.24 per barrel and WTI crude reaching $103.17 per barrel, at 10:35 a.m. Saudi time. The Saudi main stock index, TASI, was down 0.87 percent at 13,262, while the parallel

RIYADH: Saudi stocks closed lower for the fourth straight day in the final trading session of the week as traders struggled to gain ground and energy prices fluctuated. Oil price volatility continued with Brent crude reaching $105.38 per barrel and WTI crude reaching $103.61 per barrel, at 3:32 p.m. Saudi time. The Saudi main stock index, TASI, was down 4.06 percent at 12,835,

Oman is set to start general cargo operations at the newly-opened Port of Duqm on the southeast coast of the sultanate, which wants to turn the facility into a global trade hub that is adjacent to a number of energy projects. Oman’s Asyad Group will operate and manage three berths for cargo operations at the ...