Companies in the Middle East have announced petrochemical and hydrogen projects. QatarEnergy and its partner Chevron Phillips Chemical a joint venture between Chevron and Phillips 66 awarded a contract for early site works for a petrochemicals project in Ras Laffan that is expected to boost Qatar’s polyethylene production capacity by more than 60%. .
RIYADH: Saudi stocks further dipped during Monday's trading session, mirroring a global trend amid fears that rising inflation will cause an economic slowdown. The main index, TASI, dropped 2.18 percent to 12,053, while the parallel market, Nomu, shed 1.27 percent to 21,461. Dubai lost as much as 2.7 percent to lead the fall in the Gulf, followed by Saudi Arabia. Stock
RIYADH: Saudi Arabia’s stock market started the week lower on Sunday, weighed down by declines in major players including Aramco, SABIC, and Al Rajhi Bank. The main TASI index lost 2.2 percent to close at 12,322, and the parallel market Nomu shed 2.3 percent to 21,737. However, shares of telecom giant stc added 6.6 percent after its board proposed a SR30 billion ($8 billion)
RIYADH: Saudi Arabia’s stock market ended the previous trading week slightly lower on Thursday, weighed down by spillover from global peers. The main TASI index nudged 0.1 percent higher at 12,603, while the parallel market Nomu added 0.2 percent to 22,240. Bahrain’s BAX ended flat, while stock exchanges in the UAE and Kuwait edged down. Qatar added 1 percent to top the
RIYADH: Saudi Arabia’s stock market started the week lower, tracking a drop in oil prices after China imposed new COVID-19 lockdown measures. The main TASI index lost 1.65 percent to 12,395, and the parallel market Nomu slipped 1.6 percent to 21,877 as of 10:41 a.m. Saudi time. This was driven by losses in some of TASI’s biggest weights, with oil giant Aramco declining 1.7