Also in today s EMEA regional roundup: EU looks likely to push for standard phone charger; CityFibre scores new financing package; Truphone sold for GB pound 1.
RIYADH: Saudi Arabia’s stock market fell to close the previous week lower as investor sentiment was dragged down by concerns over an economic slowdown and recession. TASI lost 1.3 percent on Thursday to end at 12,605 points, while the parallel market, Nomu, was down 0.2 percent to 22,844. Stock exchanges in the Gulf all declined in line with Saudi Arabia, while Oman bucked the
RIYADH: solutions by stc, a unit of Saudi telecom giant stc, has posted a 38 percent increase in quarterly profit, driven by higher revenues this year. Net profit reached SR283 million ($75 million), compared to SR205 million in the same period a year ago, the company said, in a statement to the Saudi exchange. The business attributed the profit jump to an increase of 27
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