Bengaluru falls to young Yadav’s pace as Lucknow records 28-run win in IPL

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BENGALURU, India: Mayank Yadav’s express pace led Lucknow Super Giants to a 28-run win over Royal Challengers Bengaluru in the Indian Premier League on Tuesday. The 21-year-old Yadav, who clocked 156.7 kph, grabbed 3-14 as Bengaluru crashed to 153 all out in 19.4 overs for its third loss in four games.

UAE’s PMI grows but Egypt’s index falls to 11-month low: S&P Global

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RIYADH: The UAE’s non-oil private sector expanded in February as it delivered the strongest output growth since June 2019, according to S&P Global’s purchasing managers’ index report. The analysis saw the Middle Eastern country given a PMI standing of 57.1 – up from 56.6 in January – with increased new business, more robust client activity, and intensified marketing and … Read more

Oil Updates – crude falls after US Fed governor says no rush to cut interest rates

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AI will drive efficiency amid global economic slowdown, leading financiers tell FII Priority Summit MIAMI: The chiefs of four of the world’s leading corporations stressed on Thursday, during the first day of the Future Investment Initiative Miami Summit, that while artificial intelligence has the potential to drive higher investment and economic growth across the world … Read more

Oil Updates – crude falls on weak China data but set for first monthly gain since Sept

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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

Oil Updates – crude falls as China’s economic recovery disappoints, dollar strengthens

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Saudi developer Red Sea Global celebrates 2023 achievements and sets out 2024 goals RIYADH: By the end of 2023, Saudi developer Red Sea Global had established 21 subsidiaries and celebrated several landmarks, the Saudi Press Agency reported on Tuesday. This helped cement its position as one of the fastest-growing businesses in the Kingdom and a … Read more

Saudi Arabia’s inflation falls to 1.5% in December: GASTAT  

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RIYADH: Saudi Arabia’s Tadawul All Share Index dropped on Sunday, losing 56.096 points, or 0.46 percent, to close at 12,060.03.  The total trading turnover of the benchmark index was SR5.7 billion ($1.52 billion) as 60 stocks advanced, while 162 retreated.   The Kingdom’s parallel market, Nomu, also slipped 110.98 points, or 0.45 percent, to close … Read more

Jordan’s trade balance deficit falls 9% in 10 months of 2023  

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RIYADH: Egypt is poised for growth in the maritime, green energy, and agricultural industries as Prime Minister Mostafa Madbouly signs several agreements.  According to a release by the Egyptian Council of Ministers, the signing ceremony took place at the government headquarters. Contracts were inked for establishing the largest agri-food industry complex in the Middle East … Read more