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RIYADH: Saudi Arabia’s main index extended its losses in its last trading session of the week following further declines in oil prices. The Tadawul All Share Index declined 1.71 percent to end at 11,211 while the parallel market Nomu dropped 1.67 percent to finish at 18,908. Saudi oil giant Aramco ended the session 0.29 percent lower, a week after announcing that its profit
RIYADH: Saudi Arabia’s main index declined on Wednesday on the back of poor earnings results from listed companies. The Tadawul All Share Index declined 0.69 percent to end at 11,407 while the parallel market Nomu dropped 0.11 percent to finish at 19,229. Saudi oil giant Aramco ended the session 1.72 percent lower, a week after announcing that its profit had surged 39 percent
RIYADH: Saudi Arabia’s Jazan Energy and Development Co. has seen its profit soar 123 percent in the first nine months of 2022, buoyed by a rise in sales. The company’s profit more than doubled to SR27 million ($7.2 million) from SR12 million in the same period last year, a bourse filing showed. The Jazan-based firm, better known as Jazadco, reported an 8 percent revenue jump
The businesses say the projects will add 53 new jobs
The announcement comes after a group called Black Reward claimed on Friday that it had hacked Iran's atomic energy agency as part of a campaign supporting anti-government protests.