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Dur Hospitality has awarded a SR182-million ($48.5 million) contract to Al Murshid Group for the expansion of Rixos Jeddah, a 174-room resort in the Saudi city. On completion, it will have two restaurants, a health club, swimming pool and banquet halls. ....
RIYADH: Saudi stocks reversed the prior session’s losses to start the week higher on Sunday, after oil giant Aramco beat analysts’ expectations with record profits. The main TASI index closed 2.5 percent higher at 13,149, and the Kingdom’s parallel Nomu market was up 0.9 percent to 22,845. Shares of Aramco surged 4.2 percent intraday in response to an 82-percent increase in ....