RIYADH: The Saudi Arabian capital is gearing up to welcome the global equestrian community for the Federation Equestre Internationale Jumping World Cup Finals this weekend. Riyadh will be hosting the prestigious FEI event for the first time since winning the bid in 2019. According to the international body, it is also a first for the … Read more
LONDON: The Organization of the Petroleum Exporting Countries on Thursday predicted robust fuel use in the summer months and stuck to its forecast for relatively strong growth in global oil demand in 2024, while saying there was a chance the world economy could do better than expected this year, according to Reuters. OPEC, in a … Read more
RIYADH: Saudi Arabia’s Tadawul All Share Index posted an annual gain of 1,811.46 points, or 17.11 percent, to reach 12,401.56 at the end of the first quarter of 2024, official data showed. According to the report released by Saudi Exchange, the highest close level of the main index in the first quarter was on March … Read more
RIYADH: The net profit of insurance companies in Saudi Arabia surged by 1,221.3 percent year-on-year in 2023 to $861 million, driven by favorable economic conditions. According to the report released by research firm Insurance Monitor, in association with Lux Actuaries and Consultants, four firms from the Kingdom grabbed their spots on the list of the … Read more
Peru’s president interrogated by prosecutors for hours amid expanding ‘Rolexgate’ probe LIMA, Peru: Peruvian President Dina Boluarte was interrogated by prosecutors for five hours Friday as authorities investigate whether she illegally received hundreds of thousands of dollars in cash, luxury watches and jewelry. Prosecutors have been investigating the highly unpopular leader on charges of illicit … Read more
RIYADH: Climate change, natural disasters and other global challenges have prompted a new regional food security strategy from the Gulf Cooperation Council. Faisal Al-Rawas, chairman of the Federation of the GCC Chambers, said the strategy is focused on developing agricultural, livestock, and fishery projects to achieve added value to the food industries, enabling the countries to achieve food security and … Read more
RIYADH: Business conditions in the UAE non-oil private sector strengthened sharply in March, with optimism reaching its highest point in six months, as indicated by a survey. According to the latest S&P Global Purchasing Managers’ Index, the UAE’s PMI reached 56.9 in March, slightly lower than February’s 57.1 but well above the 50 mark denoting … Read more
Opening up financial sector and battling inflation key for Arab countries’ economic development: AMF RIYADH: Financial openness and tackling inflation played a significant role in the short-term financial development of Arab countries, a new study suggests. A recent analysis released by the Arab Monetary Fund examined the impact of economic freedom on the development of … Read more
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
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