Saudi Arabia has several objectives to achieve by allowing eligible foreign financial institutions to invest in stocks listed on the Saudi stock market (Tadawul), says Mohammad bin Abdullah Al-Jadaan,
ANKARA: Turkey’s central bank has decided to leave interest rates unchanged but implement two secondary policy measures aimed at supporting the embattled Turkish lira.
NEW YORK: Gold rose past chart resistance, recouping most of the previous session’s losses in choppy, currency-driven trade after the US dollar turned lower and bolstered bullion’s appeal.
The Saudi stock market recorded mild losses (-0.32 percent) on Tuesday, reflecting the double bottom.
RIYADH: The Saudi Stock Exchange (Tadawul) will organize roadshows for foreign investors in the fourth quarter of this year as it opens to direct foreign investment in listed shares, exchange official
Ali Bondagjy, a senior Saudi Arabian Airlines executive, has been appointed by SkyTeam as its alliance operations manager at organization’s headquarters in the Netherlands.
NEW YORK: World oil prices will rise “substantially” in the coming months after hitting the bottom of a months-long rout several weeks ago, with a supply squeeze looming as early as this summer, accor
DUBAI: Lower oil prices are likely to cause Abu Dhabi’s residential property sector to stabilize in 2015 following a two-year price boom as sentiment weakens and government spending in some areas slow
MOSCOW: Prime Minister Dmitry Medvedev has estimated that the Russian economy shrank by two percent in the first quarter due to sanctions pressure and low oil prices.
ZURICH: Swiss banking giant Credit Suisse said a strong performance by its investment banking unit helped first quarter net profit rise by 23 percent to 1.05 billion Swiss francs (1.02 billion euros,
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