RIYADH: Saudi Arabia’s Tadawul All Share Index extended last week’s cautious stance as it closed flat or 0.05 points up to 10,536.91 on Sunday with no marked change in the global economic situation. Even as Friday’s US job reports registered a slight decline in growth in December, fueling speculations of a likely turnaround in the US Federal Reserve’s hawkish stance, the
RIYADH: Describing its listing on the Saudi Stock Exchange as “an important milestone,” the Saudi oil giant Aramco’s base oil supplier Luberef sees the move as an opportunity to propel its growth trajectory. In an exclusive interview with Arab News, Mohammed Y.
RIYADH: Saudi Arabia’s Tadawul All Stock Index gained 130.62 points or 1.28 percent on Tuesday to close at 10,359.26 as China announced its plan to scrap quarantine requirements for inbound travelers from Jan. 8. The news spread a ripple of excitement across the markets worldwide as it marked the easing of the three-year border control that had choked international trade
RIYADH: A new SR100 million ($26.59 million) plastics factory is set to be built in the Rabigh Plastics Technology Complex after Saudi Top Trading Co. signed a memorandum of understanding with Rabigh Refining and Petrochemical Co., also known as Petro Rabigh. The factory will be built in two phases, the first costing SR60 million while the second will cost SR40 million,
RIYADH: The equity markets in the Gulf Cooperation Council region were dragged to the lowest in one year in November 2022, as Saudi Arabia’s main index slipped 6.6 percent below the 11,000 mark, according to a report by Kamco Invest. TASI slipped below 11,000 on Nov. 21 and has been hovering under that mark since then. In November, Arabian Drilling Co. topped the TASI chart