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Saudi-based East Pipes Integrated Company for Industry has announced that it has secured multiple contracts worth SR373 million ($99.3 million) from Neom, the developer of Saudi futuristic city, for supply of steel pipes for water transmission lines.
RIYADH: Saudi Arabia’s main index continued to fall as investors awaited domestic inflation data and the Federal Reserve’s interest rate announcement. The Tadawul All Share Index declined 0.22 percent to start Monday at 11,572, while the parallel market Nomu was down 0.1 percent at 20,565, as of 10:07 a.m. Saudi time. Saudi oil giant Aramco added 0.14 percent decline, while
RIYADH: Saudi Arabia’s main index declined on par with major Gulf markets in the first session of the week, amid cautious investor sentiment ahead of domestic inflation data and the Federal Reserve’s interest rate announcement. The Tadawul All Share Index shed 2.18 percent to end Sunday at 11,572, while the parallel market Nomu slipped 1.62 percent at 20,585. Qatar index was
RIYADH: Saudi Arabia’s main index continued to fall during a week plagued by inflation worries, looming interest rate hikes, and economic warning signs. The Tadawul All Share Index declined 1.09 percent to end Monday at 11,446, while the parallel market Nomu tumbled 1.73 percent at 20,230. Saudi oil giant Aramco shed 0.69 percent, while the Saudi National Bank, the Kingdom’s
RIYADH: The Saudi stock market started Tuesday’s session higher, spurred by a drop in commodity prices, helping ease concerns about accelerating inflation. Saudi Arabia’s main index TASI edged up 0.3 percent at 12,136, while the parallel market Nomu traded flat at 21,282, as of 10:01 a.m. Saudi time. The Saudi National Bank, the country’s biggest lender, saw its share price