Closing Bell: Saudi Arabia’s main index gains 86 points to close at 12,123 

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RIYADH: Saudi Arabia’s annual tourist attraction, Riyadh Season, has surpassed its target of 12 million visitors before reaching the halfway point, according to a top official. Turki Al-Alshikh, chairman of the General Entertainment Authority, revealed in a post on X, formerly Twitter, that the event achieved the goal within 60 days. The carnival, among the … Read more

Closing Bell: Saudi main index gains 69 points to close at 11,690

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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

Oil Updates – crude extends weekly gains, up 1 percent as Red Sea tension persists

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RIYADH: The Cairo to Jeddah sector has been ranked as the second busiest international route during 2023, with 4.8 million seats, according to a report. Launched by global travel data provider firm the Official Airline Guide, the report indicated a 2 percent capacity difference between first and second place. This comes as 2023’s busiest international … Read more