Closing Bell: TASI edges down to close at 12,120 points arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.
RIYADH: Savola Group has announced gains of SR81 million ($21.6 million) from the sale of its stakes in Knowledge Economic City Co. and Knowledge Economic City Developers to Taiba Investments Co. Taiba Investments inked a binding agreement to acquire Savola’s entire ownership in KEC and KECD for SR459.26 million in August, and the shareholders of both companies granted their
RIYADH: Saudi Arabia’s main index ended Monday in green, thanks to strong performance as earnings season nears an end. The Tadawul All Share Index gained 0.67 percent to end at 11,598, while the parallel market, Nomu, declined 0.58 percent to finish at 19,500. Al Moammar Information Systems Co. declined 4 percent, despite posting a 69 percent leap in third-quarter profits to
RIYADH: Saudi stocks ended higher for a third straight day on Wednesday, thanks to strong earnings results from most listed companies. TASI, the main index, gained 0.8 percent to close at 12,431 and the parallel Nomu market edged 0.13 percent higher to 22,227. Most Gulf peers advanced in line with Saudi Arabia, led by a 0.8 percent gain for Abu Dhabi’s bourse. Dubai, Oman, and
RIYADH: In line with a fall in the oil market, Saudi Arabia’s main stock index TASI retreated by 0.88 percent in the previous trading session, finishing the week with over a 1 percent fall. Oil prices, which jumped to record highs following the Russia-Ukraine conflict, paused their rally amid rising market volatility and eased supply worries. Brent crude lost almost $20 on the
A year after pandemic cleared out offices, WeWork is back WeWork leases buildings and divides them into office spaces to sublet to members, which include small businesses, start-ups and freelancers who want to avoid laying out funds for permanent office space Updated 27 March 2021 March 27, 2021 02:24 LONDON: After a year in which a global pandemic turned offices across the world into ghost towns WeWork, the embattled communal office-space company, is making a second attempt at going public. The announcement Friday comes almost two years after WeWork’s first attempt at becoming a publicly traded company blew up in spectacular fashion, its founder and CEO ousted abruptly.