April 19th, 2018 | 0 commentsSaudi Arabia has been granted a place on the Executive Council of the UN Commission on the Status of Women. The Kingdom was one of 12 new countries elected on Tuesday in a secret ballot during a meeting of the UN Economic and Social Council in New York. It will serve a three-year term beginning next year. It comes almost a year after bein...
April 19th, 2018 | 0 commentsSaudi Arabia’s King Salman received at his office at Al-Yamamah palace in Riyadh on Wednesday the Chairman of the Pontifical Council for Interfaith Dialogue at the Vatican, Cardinal Jean-Louis Tauran, and his accompanying delegation. During the meeting, they stressed the important role of followers of religions and cultures in renouncing...
April 19th, 2018 | 0 commentsSaudi Arabia-based Bupa Arabia for Cooperative Insurance has obtained the Saudi Arabian Monetary Authority's (SAMA) approval to raise its capital. Bupa will submit capital hike’s request to the Capital Market Authority (CMA), as well as complete regulatory approvals and procedures in line with the deadline, according to a statement on Wed...
April 19th, 2018 | 0 commentsSaudi crude oil exports reached 7.25 million barrels per day (bpd) in February 2018, marking the highest level in 13 months, compared to 7.17 million bpd a month earlier. The kingdom’s oil product exports hit 2 million bpd in the second month of 2018, touching their all-time high, the Joint Organisations Data Initiative’s (JODI) data show...
April 19th, 2018 | 0 commentsSaudi Arabia, the world’s top oil exporter, desires to up oil prices to $100 per barrel (pb), which will make it more or less reluctant to back any cut to OPEC and non-OPEC members output reduction deal. In January 2017, OPEC and non-OPEC members, including Russia, decided to cut oil supply, a deal which was extended until the end of 2018...
April 19th, 2018 | 0 commentsThe Saudi Stock Exchange (Tadawul) started Wednesday up after its main Tadawul All Share Index (TASI) rose 0.26% or 20.65 points, to 8,117.05 points. By 10:42 am Saudi time, TASI’s traded volume hit 46.43 million shares changed hands 26,390 transactions, generating SAR 916.84 million in a turnover. The capital goods sector inched up 0.9%...
April 19th, 2018 | 0 commentsThe Saudi Stock Exchange’s Tadawul All Share Index (TASI) closed Wednesday higher after jumping 0.61% or 49.73 points, reaching 8,146.13 points, to register its fifth rise in a row. TASI’s trading volume stood at 242.73 million shares on Wednesday, up from 240.3 million shares on Tuesday, while liquidity increased to SAR 5.13 billion ($1....
April 18th, 2018 | 0 commentsThe Saudi General Authority for Competition (GAC) said that National Agricultural Development Company (NADEC) had submitted a request to obtain its approval on the economic concentration stemming from the dairy firm's acquisition of Al Safi Danone. The related parties are required to submit their opinions on finalising the economic concen...
April 18th, 2018 | 0 commentsThe Saudi Stock Exchange (Tadawul) started Tuesday in the green after its main Tadawul All Share Index (TASI) rose 21.62 points, or 0.27%, to 8,071.92 points. By 10:30 am KSA time, TASI’s trading volume reached 32 million shares changed hands through 18,430 transactions, with a turnover of SAR 669.6 million. The pharmaceuticals sector inc...
April 18th, 2018 | 0 commentsThe Saudi Stock Exchange’s Tadawul All Share Index (TASI) closed Tuesday up after growing 46.1 points, or 0.57%, to 8,096 points, touching its highest level in more than two years and a half or since 18 August 2015. TASI saw trading of 240.3 million shares on Tuesday, up from 212.26 million on Monday, while liquidity increased to SAR 5....
