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RIYADH: Saudi Arabia’s Tadawul All Share Index rose for the third session in a row on Monday as it went up 4.25 points – 0.04 percent – to 10,463.61, as investors’ confidence grew on encouraging market conditions. On Monday, parallel market Nomu also went up, by 16.15 points or 0.908 percent, to close at 19,247.78, while the MSCI Tadawul 30 Index went down by 0.23 percent to
RIYADH: Increased renewable energy cooperation between the EU and Saudi Arabia was one of the topics discussed at a high-level meeting involving the Kingdom’s energy minister and top officials from the European Commission. Prince Abdulaziz bin Salman welcomed the Vice President of the European Commission, Frans Timmermans, and the European Commissioner for Energy, Kadri Simson
Stock markets in the Gulf ended mixed on Tuesday, amid growing concerns over a global economic downturn and volatile energy prices...
RIYADH: Saudi Arabia’s Tadawul All Stock Index on Tuesday made a startling comeback after touching a low of 10,055.56 at 11:13 a.m. to close 93.97 points up — or 0.92 percent — to 10,280.15, led by buying in almost all sectors. The materials and utility sectors ushered the rally, which gained 2.29 percent and 1.1 percent, respectively. The capital goods and banking sectors
RIYADH: Saudi Arabian petrochemical firm SABIC Agri-Nutrients Co. saw its profits nearly triple to SR7.8 billion ($2 billion) in the first nine months of 2022, up from SR2.4 billion in the prior-year period. The homegrown fertilizer producer’s revenue increased by 166 percent to SR14.7 billion, compared to SR5.5 billion in the same period a year ago, according to a bourse