Stay updated with breaking news from Development Co. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
/PRNewswire/ -- The global tire building machinery market is driven by factors such as the increasing demand for replaced tires globally. Tires are some of the...
RIYADH: Saudi stocks finished flat on Monday after declining a day earlier, as investor sentiment was dragged down by a weakening global economic outlook. TASI, the main benchmark index, ended the session at 12,560, while the parallel market Nomu added 0.3 percent to 21,724. Gulf markets were mixed on Monday, with the Qatari index slipping 1.2 percent, Abu Dhabi and Dubai down
RIYADH: Saudi Arabia’s benchmark index started in red on Tuesday, with oil price uncertainty continuing to plague investors. TASI declined 0.16 percent at 12,540, while the parallel Nomu started flat at 21,717, as of 10:06 a.m. Saudi time. In the energy market, Brent crude traded at $96.99 a barrel, while US West Texas Intermediate traded at $90.23 a barrel, as of 10:00 a.m.
RIYADH: Saudi Arabia’s Jazan Energy and Development Co. has seen its profit soar 187 percent in the first half of 2022, buoyed by a rise in sales, a bourse filing showed. With interests that span aquaculture, agriculture, and real estate, the company almost tripled its profit to SR28 million ($7.5 million) from SR9.9 million in the same period last year. The Jazan-based firm,
RIYADH: Saudi stocks jumped on Wednesday, thanks to strong first-half earnings despite mixed results from the insurance and cement sectors. TASI the main index added 0.8 percent to 12,646, while the parallel Nomu market lost 2.3 percent to 21,533, as information technology consulting firm Saudi Networkers Services Co. made a weak stock market debut. Gulf peers advanced in line