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BP to resume share buybacks as profit soars on strong oil and gas trading

BP to resume share buybacks as profit soars on strong oil and gas trading
theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.

MIDEAST STOCKS Most major Gulf bourses gain on corporate earnings

Middle EastMIDEAST STOCKS Most major Gulf bourses gain on corporate earnings Reuters 4 minutes read Major stock markets in the Gulf closed higher on Monday, with the Saudi index leading gains after a slew of strong corporate earnings. Saudi Arabia s benchmark index (.TASI) rose 0.9%, boosted by a 1.8% gain in Al Rajhi Bank (1120.SE) and a 8.9% surge in Bank Al Jazira (1020.SE), which reported an increase in its quarterly net profit. Elsewhere, Saudi National Bank (SNB) (1180.SE) closed 0.9% higher. The kingdom s largest lender posted a 20.3% rise in first-quarter net profit on Monday with lower impairments and higher fees, in a sign that the economy has been recovering from last year s pandemic lockdowns. read more

Jammu & Kashmir: Two Hizbul OGWs arrested in Baramulla, Chinese hand grenades recovered

Highlights Two Chinese hand grenades were recovered from their possession Baramulla: Baramulla Police on Monday (April 26) arrested two over ground workers (OGWs) of Hizbul Mujahideen in Boniyar area. The police recovered two Chinese hand grenades from the duo’s possession. The two OGWs were identified as Liyaqat Ahmad Kakroo and Akhtar Ahmad Mir.  “Two Chinese hand grenades were recovered from their possession. Case under sections of Indian Arms Act and UAPA has been registered against them in Police Station Boniyar and investigation set in motion,” the police said in a statement. The police further said that the duo was active in trading, smuggling and arranging of arms and ammunition for the militant outfit.

Senegal begins vaccinating against coronavirus with doses from China

MIDEAST STOCKS Major Gulf bourses off to a mixed start

Middle EastMIDEAST STOCKS Major Gulf bourses off to a mixed start Reuters 3 minutes read A Saudi trader observes the stock market on monitors at Falcom stock exchange agency in Riyadh, Saudi Arabia February 7, 2018. REUTERS/Faisal Al Nasser Major Gulf markets were mixed in early trade on Sunday, with the Saudi index on track to extend gains from the previous session helped by in healthcare and petrochemical shares. Saudi Arabia s benchmark index (.TASI) gained 0.3%, with Dr Sulaiman Al-Habib Medical Services (4013.SE) rising 1.8% and Saudi Kayan Petrochemical (2350.SE) jumping 4.4%. The petrochemical firm posted a net profit of 492.9 million riyals in first-quarter compared to a loss of 516.8 million riyals a year earlier.

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