September 18th, 2018 | 0 commentsLeaders of Eritrea and Djibouti met in Saudi Arabia on Monday for historic talks a decade after a border conflict strained ties. Presidents Ismaïl Omar Guelleh of Djibouti and Isaias Afwerki of Eritrea shook hands as they met upon the invitation of the Saudi leadership. Dr. Essam bin Saad bin Said, minister of state and member of the Saud...
September 18th, 2018 | 0 commentsKing Salman held talks with the president of Djibouti on Monday, the day after he oversaw the signing of a peace agreement between Eritrea and Ethiopia. Djibouti, the small but highly strategic nation, is located on the Horn of Africa at the entrance to the Red Sea, and borders both Eritrea and Ethiopia. President Ismail Omar Guelleh held...
September 18th, 2018 | 0 commentsSaudi Arabia’s sovereign wealth fund, Public Investment Fund (PIF), on Monday has announced obtaining its first syndicated loan at a value of $11 billion. This facility is the first step in merging loans and debt instruments as part of PIF’s long-term financing strategy, PIF's managing director, Yasir bin Othman Al-Rumayyan, said in a sta...
September 18th, 2018 | 0 commentsThe Saudi Research and Marketing Group (SRMG) has announced amending the name of its joint venture (JV) with Bloomberg LP to Bloomberg Asharq from Bloomberg Al Arabiya. Bloomberg Asharq platform will be located in the Dubai International Financial Center (DIFC). During a meeting held in Dubai between Peter Grauer, chairman of Bloomberg LP...
September 18th, 2018 | 0 commentsSaudi Public Transport Co. (SAPTCO) on Monday revealed that the Arriyadh Development Authority (ADA) had awarded a France-led consortium a contract for maintenance and operations of the first and second lines of the Riyadh train project. The 12-year contract is worth SAR 8.531 billion ($2.27 billion), SAPTCO said in a statement, noting th...
September 18th, 2018 | 0 commentsThe Saudi Stock Exchange (Tadawul) closed Monday in the green after its main Tadawul All Share Index (TASI) soared 139.84 points, or 1.9%, reaching 7,609.65 points, registering its highest growth rate since 3 June. TASI’s traded volume stood at 142.02 million shares, compared to 116.83 million on Sunday, while the primary market's liquidi...
September 18th, 2018 | 0 commentsThe Saudi Stock Exchange (Tadawul) started Monday in decline after its benchmark Tadawul All Share Index (TASI) levelled down 54.56 points, or 0.73%, to 7,415.25 points. By 10:46 am Saudi time, TASI’s trading volume reached 26.1 million shares exchanged through 16,700 transactions, with a liquidity of SAR 490.06 million. The commercial an...
September 17th, 2018 | 0 commentsThe militaries of Saudi-Arabia and the United States rehearsed a joint response on Sunday to an attack using weapons of mass destruction. Military and medical officers wearing decontamination suits rushed to aid stricken victims in the mock scenario, SPA reported. The training began after the operations center received a report stating th...
September 17th, 2018 | 0 commentsSaudi Arabia’s air defense forces intercepted a ballistic missile launched by the Iranian-backed Houthi militia from within Yemen territory toward the Kingdom, according to Arab Coalition Spokesperson Col. Turki Al-Maliki. “At exactly 4:49 p.m. local time (1:49 GMT) coalition air defense forces spotted the launch of a ballistic missile by...
September 17th, 2018 | 0 commentsA new report covering international real estate markets has indicated that the Saudi market was among those that witnessed a fall in prices so far in 2018. Saudi was only one of seven markets to see prices fall in the 12-month period ended June 2018, according to Knight Frank. The Kingdom was also the only GCC state included in the report...
