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2 Min Read (Reuters) - Most major stock markets ended higher on Thursday, while the Saudi index eased a day after it registered sharp gains triggered after the kingdom announced a private investment push. FILE PHOTO: A Saudi trader observes the stock market on monitors at Falcom stock exchange agency in Riyadh, Saudi Arabia February 7, 2018. REUTERS/Faisal Al Nasser Saudi Arabia’s crown prince said oil firm Aramco and petrochemical firm SABIC would lead 5 trillion riyals ($1.33 trillion) of investments by the local private sector by 2030 under a programme announced on Tuesday for economic d...

2 Min Read (Reuters) - The Saudi Arabian stock market ended higher on Tuesday, amid rising oil prices as the focus returned to a tighter market, while the Abu Dhabi index retreated, hit by First Abu Dhabi Bank which went ex-dividend. FILE PHOTO: Reflection of stock market is seen on a screen as a trader monitors at Bahrain Bourse in Manama, Bahrain, September 16, 2019. REUTERS/ Hamad I Mohammed Saudi Arabia’s benchmark index advanced over 1%, as all its banking shares gained including Al Rajhi Bank which finished 4.8% higher. Oil prices, a key catalyst for the Gulf’s financial markets, ro...

Saudi Stocks Lead Gulf Gains on Surging Oil Bets: Inside EM Bloomberg 3/7/2021 Filipe Pacheco © Photographer: Bloomberg/Bloomberg An electronic screen displays stock price information at the Dubai Financial Market PJSC (DFM) in Dubai, United Arab Emirates, on Sunday, Sept. 6, 2020. Dubai made a rare foray into public bond markets, revealing along the way that its debt burden is now a lot smaller than estimated by analysts only months ago. (Bloomberg) -- Saudi stocks rose the most in the Gulf, tracking a surge in oil prices after OPEC+ shocked markets with a decision to ke...

Saudi Shares Drop as U.S. Pins Khashoggi Murder on Crown Prince Bloomberg 2/28/2021 (Bloomberg) -- Saudi stocks fell the most in a month, tracking last week’s declines across emerging markets, as traders weighed the impact of a U.S. intelligence report saying Crown Prince Mohammed bin Salman signed off on the killing of Washington Post columnist Jamal Khashoggi. The Tadawul All Share Index retreated as much 1%, its sharpest decline since Jan. 31. It pared losses to close 0.5% lower. Al Rajhi Bank, Saudi Basic Industries, Saudi Telecom Co. and Saudi Aramco dragged the index down the most ...

Blue ammonia’s role in the energy transition of Saudi Arabia and Japan The world’s first shipment of blue ammonia was dispatched from Saudi Arabia to Japan on Sep. 27, 2020 for use in a power station for the production of zero-carbon power generation, paving the way for the further use of hydrogen in the energy system. The Saudi-Japanese collaboration is part of a pilot project, conducted by the Institute of Energy Economics, Japan (IEEJ) and oil company Saudi Aramco in partnership with Saudi Basic Industries Corp. (SABIC). The collaboration is important for both countries as Japan aims t...