RIYADH: Saudi Arabia’s inflation eased to 1.6 percent in March, down from 1.8 percent the previous month, driven by changes in the food and beverage sector. The latest report from the General Authority for Statistics indicates that the Kingdom’s Consumer Price Index experienced a marginal decrease of 0.1 percent in March compared to February. The … Read more
RIYADH: Saudi Arabia’s Tadawul All Share Index dipped on Wednesday, losing 10.56 points, or 0.09 percent, to close at 11,702.90. The total trading turnover of the benchmark index was SR5.77 billion ($1.55 billion) as 110 of the listed stocks advanced, while 106 retreated. Similarly, the MSCI Tadawul Index dipped 4.95 points, or 0.33 percent, to … Read more
RIYADH: Saudi Arabia marked a milestone in its ongoing bilateral trade discussions with South Korea as the Kingdom’s industry minister met with his Korean counterpart in Seoul. Saudi Industry and Mineral Resources Minister Bandar Alkhorayef met Korean Trade, Industry and Energy Minister Lee Chang-yang on Dec. 16 to discuss opportunities to enhance industrial cooperation between … Read more
RIYADH: Saudi Arabian Military Industries, an affiliate of the Public Investment Fund, has signed an agreement with Saudi Advanced Industries Co. to acquire its stake in Al-Salam Aerospace Industries Co. According to a statement to the Saudi Stock Exchange, SAIC will sell its 10 percent stake in the military and civil aviation maintenance solution provider … Read more