Saturday, 23 Jan 2021

Category: Business

Asian Shares Rise

Tokyo, Asian shares mostly rose Thursday on optimism over the new U.S. administration that earlier set off a rally on Wall Street. Japan’s benchmark Nikkei 225 rose 0.8% to finish at 28,756.86. Australia’s S&P/ASX 200 gained 0.8% to 6,823.70, while South Korea’s Kospi edged up 1.1% to 3,147.51. Hong Kong’s Hang Seng slipped 0.3% to […]

Industry Minister Inspects Oldest, Largest Gold Mine and Factory in Saudi Arabia

Medina, The Minister of Industry and Mineral Resources Bandar bin Ibrahim Al-Khorayef inspected in Madinah region yesterday the progress and work plans of the largest and oldest gold factory in the Kingdom of Saudi Arabia, which is affiliated with the Saudi Arabian Mining Company (Ma’aden) and located in Mahad Ad Dhahab in Madinah region, in […]

Saudi Ports Achieve 6% Increase in Transshipment during December 2020

Riyadh, Saudi ports, being supervised by the Saudi Ports Authority (MAWANI), achieved an increase in the total number of transshipment during December 2020, a total of 631,000 containers, marking an increase of 6%, compared to the same period of the previous year, while the total amount of cargo reached 26,000,000, coming on board 1,032 ships. […]

Saudi Stock Exchange Main Index Ends Trading Lower, at 8,876.49 Points

Riyadh, Saudi Stock Exchange’s main index ended trading lower here today, losing 1.81 points to close, at 8,876.49 points. The total value of the trading reported was 5.7 billion, while the toll of shares traded was more than 180 million, divided into over 255,000 deals. The Saudi Parallel Equity Market Index (NOMU) ended the day […]

Iraq is the third largest oil exporter to China in 2020

Baghdad, Chinese government data showed, today, Wednesday, that Iraq ranked third as the largest oil exporter to China during the past year 2020. According to the data, the Chinese demand for oil remained strong last year even with the spread of the Covid-19 pandemic, as it imported 542.4 million tons during 2020, or the equivalent […]

Asian Stock Markets Rise

Tokyo, Asian shares were mostly higher ahead of Joe Biden’s inauguration as U.S. president Wednesday, though worries about surging coronavirus cases sapped the Japanese market’s early gains. Japan’s benchmark Nikkei 225 slipped 0.4% to finish at 28,523.26. Australia’s S&P/ASX 200 added 0.4% to 6,770.40, while South Korea’s Kospi edged up 0.6% to 3,112.03. Hong Kong’s […]

MAWANI Launches First Shipping Route in 2021 at Jeddah Islamic Port

Riyadh, The Saudi Ports Authority (MAWANI) launched today the first shipping service in 2021 from Jeddah Islamic Port. The shipping route connects the Middle East to Europe and North Africa, the Mediterranean and the Indian subcontinent and covers key ports like Port Tangier in Morocco and Algeciras in Spain. It also complements its strategic partnerships with some […]

Saudi Stock Exchange Main Index Ends Trading Lower, at 8,878.30 Points

Riyadh, Saudi Stock Exchange’s main index ended trading lower here today, losing 23.57 points to close, at 8,878.30 points. The total value of the trading reported was 6 billion, while the toll of shares traded was more than 200 million, divided into over 270,000 deals. The Saudi Parallel Equity Market Index (NOMU) ended the day […]

Seoul Stocks up for 2nd Day on Tech, Auto Gains

Seoul, South Korean stocks advanced for a second consecutive session Wednesday, as auto and tech stocks continued to rebound, Yonhap reported. The Korean won rose against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) rose 15.97 points, or 0.71 percent, to close at 3,114.55 points. Trading volume was high at about 1.2 […]

Asian Shares Rise

Tokyo, Shares advanced in Asia on Tuesday, the Associated Press reported. Hong Kong’s Hang Seng gained 1.9% to 29,409.03 and the Nikkei 225 in Tokyo gained 1.4% to 28,633.46. South Korea’s Kospi jumped 2.6% to 3,092.66. In Australia, the S&P/ASX 500 rose 1.2% to 6,742.60. The Shanghai Composite index slipped 1.1% to 3,557.99. India’s Sensex […]