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FTSE 100 Closes Down 0 1% as Eyes Turn to US

FTSE 100 Closes Down 0 1% as Eyes Turn to US
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APICORP posts 67% profit surge in H1 to $52m

RIYADH: The Arab Petroleum Investments Corp. has reported a 67 percent jump in first-half profit to $52 million. APICORP’s net income from operations rose sharply to $97.9 million in the first half, from $40.7 million in the same period last year, while treasury assets reached $2.9 billion, a 32 percent increase, according to a statement. It attributed the growth to the

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CORRECT: Ashtead Technology shareholder to sell shares via placing

CORRECT: Ashtead Technology shareholder to sell shares via placing
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IN BRIEF: Ashtead Technology to dispose of shares via placing

IN BRIEF: Ashtead Technology to dispose of shares via placing
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United kingdomDayo laniyanBuckthorn partnersArab petroleum investments corpAlliance newsNewco ltdAshtead technologyAshtead technology holdingsAshtead techAll rights

Fitch revises APICORP s outlook to positive from stable

RIYADH: Fitch Ratings has revised Arab Petroleum Investments Corp’s outlook on its long-term issuer default rating to positive from stable affirming it at AA. The revised outlook reflected “steady improvements in key solvency and liquidity metrics over recent years” and its expectation that this trend will continue, according to a statement.

Ar riyaSaudi arabiaArab petroleum investments corpFitch ratingsAl ahsaAl kharjKhalij timesGulf newsSaudi gazetteKing abdullahObs in saudiWork in saudi arabiaHajj عرب نيوز