30.1 C
Riyadh
Monday, May 23, 2022
Tadawul trading screen As many as 61 Tadawul-listed companies are trading above three-month average, according to data compiled by Argaam. Gulf Union National Cooperative Insurance Co. topped the list of companies trading above three-month average at 551%, followed by Etihad Atheeb Telecommunication Co. at 513%. Companies Trading Above 3-Month Average (Shares/Units) Company/Fund Trading average (3-month)…
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RIYADH: Saudi Arabia’s main stock market crossed the 13,900-level for the first time in 16 years on Monday but gave up gains later in the day due to lower investor sentiment. TASI, as the main index is known, closed flat at 13,814 points, and the parallel market Nomu dropped 0.3 percent to 23,475 points. Elsewhere…
BANGKOK: The Aramco Team Series changed the landscape of women’s golf when it debuted on the Ladies European Tour last year, and a new season tees off on Thursday in Bangkok at the Thai Country Club. Event organizer, Golf Saudi, is confident the expansion into Asia of the Aramco Team Series presented by the Public…
China In-Focus — Asian giant's stocks rise; Shandong port trader secures rare Russian oil deal; Toyota's revenue slides BEIJING: China stocks rose on Wednesday as investors took comfort in signs of lower domestic COVID-19 infections, while US President Joe Biden’s decision to consider eliminating Trump-era tariffs on Beijing further stoked risk appetite. The CSI300 index…
MANILA: Ferdinand Marcos Jr visited the grave of his dictator father hours after his thumping victory in the Philippine presidential election, his team said Wednesday, posting photos of the intimate moment on social media. Marcos senior died in exile in 1989, but his remains were only interred in the national heroes’ cemetery in Manila in…
International airlines invest $1tr in fuel-efficient planes, says Boeing executive RIYADH: International airlines have invested around $1 trillion in the last 10 years to reduce carbon emissions and cut dependence on traditional fuel, said a top Boeing executive. “Boeing has invested $16 billion over 10 years in research and technology to build and design new…
In a major reprieve for cash-strapped Pakistan, Saudi Arabia on May 1 agreed to provide financial aid worth $8 billion. In a major reprieve for cash-strapped Pakistan, Saudi Arabia on May 1 agreed to provide financial aid worth $8 billion. Plagued by dwindling forex reserves, high inflation, a widening current account deficit, and a depreciating…
UN food agency director hails Saudi Arabia’s ‘most important’ aid efforts in Yemen RIYADH: The UN World Food Program’s representative in Yemen has hailed crucial Saudi efforts in helping the organization to meet the war-torn country’s urgent sustenance needs. In an exclusive interview, Richard Ragan told Arab News that the Kingdom had played a vital…
As the relationship between longtime allies Saudi Arabia and the United States becomes increasingly strained, China could cultivate a stronger bond with the Middle Eastern kingdom. In a recent phone call between Saudi Crown Prince Mohammed bin Salman (colloquially known as MBS) and China’s President Xi Jinping, the two leaders reaffirmed China would continue to buy…