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RIYADH: Saudi Arabia’s main stock index, TASI, opened flat on Thursday after a strong four-day performance despite record COVID-19 cases in the Kingdom. TASI at 10:20 a.m. Saudi time stood at 11,959 points and the parallel market Nomu opened 0.2 percent lower at 26,183. Early morning gains were driven by the Kingdom’s utility provider ACWA Power which was up 4 percent amid
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RIYADH: Saudi Arabia’s stock market wrapped up a positive trading session amid heightened investor sentiment, with the main index, TASI, trading above the 12,000 level for the first time in over 15 years. At the closing bell, TASI extended four-day gains, up 1 percent to 12,079 points, while the parallel Nomu market edged up to 26,263 points. This was driven by by major market
GE Renewable Energy’s Grid Solutions, a GE business, has completed a landmark turnkey contract for a substation to power Rabigh-3 salt water desalination plant.
GE Renewable Energy said its Grid Solutions unit has completed the work on a substation that will help power Rabigh-3 salt water desalination plant, one of the world’s largest sea water reverse osmosis plants that will supply water to Makkah and Jeddah.