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RIYADH: Saudi Arabia’s Tadawul All Share Index retreated on Monday, losing 60.30 points or 0.35 percent to 10,905.48. On Monday, parallel market Nomu also dropped by 24.84 points or 0.12 percent to 20,039.15, even as the MSCI Tadawul 30 Index dipped by 0.50 percent to 1,481.70. The total trading turnover of the benchmark index was SR5.27 billion ($1.40 billion). The banking
On this date ... 1973: Gov. Bruce King said he would ask for a federal disaster declaration for 11 northeastern counties after a huge winter storm.
Automotive supplier Magna Seating is planning a 300,000-square-foot manufacturing plant and 500 new jobs in Auburn Hills near the Orion Assembly Plant of customer General Motors Co.The $100 million just-in-time seating plant is expected to be built on 40 acres at 1700 Brown Road, according to an…
Magna's proposed facility would be the 'exclusive supplier of seating for electric vehicles built at GM's Orion Assembly Plant.
RIYADH: Like most major Gulf markets, Saudi stocks extended gains on Wednesday mirroring a rise in global peers after sentiment was lifted by receding fears of a global banking crisis and rising oil prices. Saudi Arabia's benchmark stock index edged up 0.3 percent supported by gains in most sectors, led by healthcare and financials. Dr Sulaiman Al-Habib Medical Services added