Economy





SGS shares achieve maximum gain on debut

The Saudi stock market ended Thursday’s trading session solidly in the green. The Tadawul All-Share Index (TASI) closed up 54.3 points or 0.58 percent to 9,367.29.



Aramco plans cleaner fuels for Ras Tanura, Rabigh refineries

ALKHOBAR: Saudi Aramco has revived plans to add a clean fuels unit in its biggest oil refinery in Ras Tanura and more environmentally-friendly units to its Rabigh refinery, industry sources said.



Emaar Misr's IPO oversubscribed by 36 times

CAIRO: Emaar Misr, the Egyptian arm of Dubai real estate developer Emaar Properties, said on Thursday that the second tranche of its initial public offering was oversubscribed by about 36 times.







Offshore tax zones cost developing countries $100bn a year, says UN

GENEVA: Developing countries are losing around $100 billion a year in revenues because foreign investors are channeling profits through offshore zones to avoid tax, a study by UN think-tank UNCTAD sa

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