Friday, 14 Aug 2020

Category: Business

An Economic expert to / NINA /: The Arar crossing between Iraq and Saudi Arabia will contribute to increasing the volume of trade exchange between them

Baghdad, Economic expert Safwan Qusay said that the opening of the Arar crossing between Iraq and the Kingdom of Saudi Arabia will contribute to increasing the volume of trade exchange between the two countries in the short term. Qusay said in a statement to the National Iraqi News Agency (NINA) that “the crossing is one […]

Asian Shares Mixed

Tokyo, Shares were mostly lower in Asia on Wednesday, AP reported. Tokyo’s Nikkei 225 index edged higher, while the Shanghai Composite sank 1.6%. The Nikkei 225 gained 0.3% to 22,821.28, while Hong Kong’s Hang Seng edged 0.2% lower to 24,841.00. In South Korea, the Kospi slipped 0.1%, to 2,417.12. The Shanghai Composite index lost 53 […]

Seoul Stocks Up for 8th Consecutive Session on Hopes for Vaccine, Economic Rebound

Seoul, South Korean stocks extended their gaining streak to an eighth session today, on hopes for COVID-19 vaccines and optimism for a quick economic rebound from the impacts of the new coronavirus pandemic, Yonhap reported. The Korean won rose against the U.S. dollar. After choppy trading, the benchmark Korea Composite Stock Price Index (KOSPI) rose […]

US indexes up: Dow 0.97%, S&P 0.48%, Nasdaq 0.10%

New York, The S&P 500 on Tuesday rose for an eighth straight session and was within striking distance of its February peak, a level last seen before the onset of the coronavirus crisis that caused one of Wall Street’s most dramatic crashes in history, according to Reuters. The broader benchmark index was about half a […]

Wall Street Closing

New York, U.S. stocks were mostly higher Monday, with the Standard & Poor’s 500 less than 1 percent below its record high hit in February. The Dow Jones industrial average rose 357.96, or 1.3 percent, to 27,791.44. The broader S&P 500 index rose 9.19, or 0.3 percent, to 3,360.47. The technology-heavy Nasdaq composite index fell […]

Saudi Stock Exchange Main Index Closes Trading higher, at 7,626.23 Points

Riyadh, Saudi Stock Exchange’s main index closed higher here today, gaining 90.27 points to end trading, at 7,626.23 points. The total value of the trading reported was over SR7.6 billion, while the toll of shares traded was more than 380 million, divided into as many as 320,000 deals. While the stocks of 144 companies ended […]

Saudi G20 Presidency and BIS Innovation Hub update on the progress made in the G20 TechSprint Initiative

Riyadh, The Saudi G20 Presidency and the Bank for International Settlements Innovation Hub (BISIH) updated on progress made on the G20 TechSprint initiative, following a midpoint review of the hackathon-style competition with 20 shortlisted teams. The G20 TechSprint initiative, launched in April 2020, aims to highlight the potential for technologies to resolve regulatory compliance (RegTech) […]

Saudi Aramco Profits Dive 73% as Virus Batters Oil Demand

RIYADH – Energy giant Saudi Aramco said on Sunday its second-quarter profits plunged a massive 73 percent due to sharply lower oil prices as the coronavirus crisis undercuts global demand. The behemoth, recently dethroned by Apple as the world’s most valuable listed company, posted a net profit of $6.6 billion for the three months to […]

Bargain-hunters look to U.S. real estate stocks as S&P nears records

NEW YORK, As the S&P 500 approaches fresh highs, some investors hope to pick up bargains in the battered U.S. real estate sector, where values of some major stocks have been cut in half this year, Reuters reported Coronavirus-fueled lockdowns and a major shift toward working from home have weighed on residential and retail U.S. […]

Saudi Stock Exchange Main Index Closes Trading higher, at 7,530.31 Points

Riyadh, Saudi Stock Exchange’s main index closed trading higher here today, gaining 30.34 points to stood, at 7,530.31 points. The total value of the trading reported was over SR5.5 billion, while the toll of shares traded was more than 282 million, divided into 255,000 deals. While the stocks of as many as 148 companies ended […]