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Aramco signs 3 deals with key steel pipe manufacturers in Kingdom

RIYADH: In a bid to secure a substantial supply of steel pipes, Saudi oil giant Aramco has signed three contracts estimated at around $493 million with the Kingdom’s leading steel pipe manufacturers. East Pipes Integrated Co. has been awarded a contract to manufacture and supply steel pipes to the oil company, following a deal worth SR1.8 billion ($479.9 million), according to ....

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TASI falls below psychological 11K levels, sheds 122 points: Closing bell

RIYADH: Saudi Arabia’s main index slipped for the third straight session on Monday following the reigning global sentiment amid the likelihood of a hawkish US monetary policy. For the first time since Sept. 27, the Tadawul All Share Index fell below the psychological mark of 11,000, shedding 1,100 points in a month. TASI fell 122 points to close at 10,930, even as the parallel ....

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