RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Wednesday, gaining 22.44 points, or 0.18 percent, to close at 12,607.98. The total trading turnover of the benchmark index was SR7.35 billion ($1.96 billion) as 155 stocks advanced, while 62 retreated. Similarly, the MSCI Tadawul Index increased by 1.57 points, or 0.10 percent, to close at … Read more
In its quest to provide more sporting facilities in the Kingdom, the Saudi Sports for All Federation signed an agreement with leading property developer ROSHN to establish and activate a new sports dome in SEDRA, ROSHN’s flagship project located in Riyadh. The agreement was signed at ROSHN’s offices by Prince Khaled bin Alwaleed bin Talal … Read more
RIYADH: Saudi Aramco’s domestic supply chain is poised for further improvement as it signed procurement agreements worth $6 billion with suppliers in the Kingdom. According to a press statement, these 40 procurement agreements were inked as a part of the company’s strategic localization program and are expected to strengthen the firm’s supply chain ecosystem and … Read more
‘Imagine Picasso’ brings art to light in new dimensions at Riyadh’s Laysen Valley RIYADH: “Imagine Picasso,” an interactive art exhibition organized by the Visual Arts Commission, is being showcased at Laysen Valley in Riyadh until March 3. By employing the latest display techniques, the exhibition explores Pablo Picasso’s world from a new creative perspective. It … Read more
RIYADH: The global merger and acquisition market witnessed a 15 percent drop year-on-year to $3.2 trillion in 2023, marking its lowest level in a decade, according to recent findings. Dealmakers grappled with several obstacles, including high interest rates, increased regulatory scrutiny, and mixed macroeconomic signals, forcing them to be more selective in their pursuit of … Read more
FRANKFURT: Hapag-Lloyd and Maersk have signed an agreement for a new long-term collaboration as they strive to transport a combined 3.4 million containers via 290 vessels more reliably and sustainably, the two shipping companies said on Wednesday. As part of the so-called Gemini Cooperation which starts in February 2025, the pair have set an ambitious target of delivering schedule reliability … Read more
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RIYADH: Saudi Arabia’s private sector’s contribution to the country’s real gross domestic product increased 3.4 percent year-on-year in the third quarter of 2023, official data showed. The General Authority of Statistics revealed commercial enterprise added SR322.08 billion ($85.86 billion) to the Kingdom’s output in the three months to the end of September — a 45 … Read more