RIYADH: Saudi Arabia’s Tadawul All Share Index closed at 12,656.94 points on Monday, marking a decrease of 139.15 points or 1.09 percent. Conversely, the parallel market, Nomu, concluded at 27,237.44, registering an uptick of 397.03 points or 1.48 percent. The MSCI Index descended by 20.19 points to settle at 1,592.39, a drop of 1.25 percent. … Read more
Manila: Mahmoud and Nadia Habib opened their cafe in early 2023 to bring a piece of Palestine to the Philippines. Little did they know that the place would soon turn into a center of Gaza heritage and a hub of solidarity in Manila. Located on Mabini Street, Cafe Habib is light, warm and informal with … Read more
RIYADH: Saudi Arabia is poised for a 105 percent surge in average wealth per person in the next 10 years, jumping from the current $54,000, a new study showed. According to Henley & Partners’ BRICS Wealth Report, the Kingdom presently holds the sixth position within the bloc in terms of high-net-worth individuals. The consulting agency … Read more
Saudi Investment Ministry to maintain record of private sector’s foreign investments RIYADH: Saudi business landscape received a regulatory push as the Kingdom’s Ministry of Investment launched a new initiative to take inventory of private sector direct expenditures abroad. This move is part of a broader effort to support investors and companies in their global expansion … Read more
RIYADH: Saudi Arabia’s Tadawul All Share Index closed at 12,252.81 points on Monday, losing 11.36 points, or 0.09 percent. The parallel market Nomu also fell 334.31 points, or 1.34 percent, to conclude the day at 24,686.29. Additionally, the MSCI Tadawul 30 Index lost 1.08 points, or 0.07 percent, to finish at 1,596.25. The main index … Read more
RIYADH: The UAE’s gross domestic product is anticipated to exceed 5 percent this year, surpassing global economic projections, a leading rating agency said. Speaking to the Emirates News Agency, also known as WAM, Tatiana Leskova, associate director of corporate ratings at S&P Global, said the growth in the UAE’s gross domestic product, particularly in Dubai, … Read more
Future Minerals Forum 2024 Day 2: Workforce training key to sustainability in mining sector RIYADH: The final day of the Future Minerals Forum is underway in the Saudi capital, with discussions planned around artificial intelligence, developing responsible supply chains, and investing in capacity building. The two-day event, which was preceeded by a ministerial roundtable meeting, has already … Read more