Economy



Amanat Holdings to open $374m share sale

DUBAI: UAE-based Amanat Holdings, a health care and education start-up, will launch its AED1.375 billion ($374 million) initial public offer next Monday, it said in a statement.



Tadawul tumbles below 10,000-mark

The Saudi stock market continued its downward fall and recorded huge losses (-274 points) on Wednesday.



Property prices ‘poised to fall 30-40% next year’

Property prices are poised to go down in a range of 30 to 40 percent next year (2015), two prominent property experts were quoted as saying in local media reports.





Oil prices reach new depths on oversupply

LONDON: Oil prices reached new multi-year low points on Wednesday owing to a supply glut and weak global demand, before clawing back some ground as poor US retail data pressured the dollar.





SR1.66 billion Q3 profit for Al-Rajhi

JEDDAH: Al-Rajhi Bank, Saudi Arabia’s largest listed lender, posted a 3.2 percent drop in its third-quarter net profit, it said in a bourse statement.



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