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Saturday, August 13, 2022
(CNN)The Biden administration on Tuesday approved and notified Congress of possible multibillion-dollar weapons sales to both Saudi Arabia and the United Arab Emirates. The notice of the approval comes just weeks after President Joe Biden met with the leaders of each nation in Jeddah, Saudi Arabia, as he sought to improve relations between the US
RIYADH: Saudis have hailed workforce figures that reveal the growing role of women in the national economy as part of Vision 2030. Saudi women now comprise 33.6 percent of the Saudi workforce as of March 2022, according to the General Authority for Statistics. That figure is up from 17.4 percent just five years ago. The
TUNIS: Tunisia has approved a new constitution granting unchecked powers to the office of President Kais Saied, the electoral board said, after a poorly attended referendum in which voters overwhelmingly backed the document. Saied’s rivals accused the electoral board controlled by Saied of “fraud” and said his referendum, held Monday, had failed. On Tuesday evening
Tadawul trading screen The Saudi Exchange (Tadawul) witnessed no transactions executed on single stock futures (SSFs) contracts, today, July 24. Tadawul launched SSFs on July 4, which will be cleared by the Securities Clearing Center Co. (Muqassa). The SSF is an agreement, under which the buyer and seller complete a transaction at a specified date
Saudi Arabia and France agreed to bolster cooperation in renewable energy, including solar energy and clean hydrogen, the two parties said in a joint statement posted by Saudi Press Agency (SPA). The agreement came after talks between Crown Prince Mohammed bin Salman and French President Emmanuel Macron. Macron and the Saudi Crown Prince also discussed
John Pagano CEO of The Red Sea Development Co. (TRSDC)  Saudi Arabia’s Red Sea project will welcome its first guests early next year, according to The Red Sea Development Co.’s (TRSDC) CEO John Pagano.   His comments were part of the video published on TRSDC’s official Twitter account to celebrate five years of milestones for the mega development.   Many achievements were made through developing a
RIYADH: Saudi Arabia’s Misk Foundation is calling for applicants for a hotel training program in Paris in collaboration with luxury brand Bulgari.  The scheme will allow a new generation of Saudis to take the reins in the hospitality industry, with training taking place at Bulgari’s Paris hotel. In the bold Italian-style establishment, which offers fine
Higher use of oil for power generation in Europe and the Middle East will boost crude consumption for the rest of the year, the International Energy Agency (IEA) said today, Aug. 11. The Paris-based agency, in its monthly oil report, raised its outlook for 2022 demand by 380,000 barrels per day (bpd). “Natural gas and
Tadawul trading screen As many as 99 Tadawul-listed companies and eight REITs are trading above three-month average, according to data compiled by Argaam. Baazeem Trading Co. topped the list, trading above three-month average at 538%, followed by Al Kathiri Holding Co. at 514%. Companies/REITs Trading Above 3-Month Average (Shares/Units) Company/REIT Trading Average (3-Month) Today’s Trading
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