NEWS

Author: Wed, 2021-10-06 23:19 RIYADH: Bitcoin traded higher on Wednesday, rising by 9.26 percent to $54,660.56 at 6:34 p.m. Riyadh time. Ether also made gains and traded at $3,608.02, up 5.07 percent, according to data from CoinDesk. Legalization Aureo Ribeiro, a federal deputy in...

Author: Wed, 2021-10-06 23:35 NEW YORK: Oil prices dropped nearly 2 percent on Wednesday after hitting a multiyear highs, as an unexpected rise in US crude inventories prompted buyers to take a breather after recent torrid gains. The latest surge in the crude...

Author: Wed, 2021-10-06 17:11 RIYADH: Four special deals were completed today in the Saudi sukuk and bond market, with a total value of SR56.17 million ($14.9 million), Argaam reported. Special deals are orders executed when a seller and a buyer agree to trade specific securities...

Author: Wed, 2021-10-06 17:49 RIYADH: Requests for property ownership in Saudi Arabia exceeded expectations, with about half a million requests being received on Ehkaam electronic platform so far, Real Estate General Authority (REGA) Governor, Ihsan Bafakih revealed today. Ehkaam is an electronic platform launched by...

Wed, 2021-10-06 17:35 JEDDAH: Over 600 startup applications have been received for Wa’ed, Saudi Aramco Entrepreneurship Center, roadshows in different cities of the Kingdom. Following the first and second roadshows, the third one took place in Jeddah in partnership with King...

Wed, 2021-10-06 18:06 RIYADH: Saudi Energy Minister Prince Abdulaziz bin Salman on Wednesday inaugurated an energy project constructed by Siemens Energy in Dammam. The facility is the largest of its kind in the region and it will serve as an integrated...

Wed, 2021-10-06 19:40 RIYADH: Saudi Arabia stock market exchange is planing selling shares to the public with a value of $4 billion, Bloomberg reported citing sources it didn't name. Tadawul, as the exchange is known, will release information on the IPO...

Author: Wed, 2021-10-06 13:55 The United Arab Emirates marketed a triple-tranche U.S. dollar-denominated bond on Wednesday, the first issued by the federal government rather than individual emirates, in a sale to be concluded the same day, a document showed. The bonds have...

Author: Wed, 2021-10-06 13:50 RIYADH: Japanese Hitachi ABB Power Grids is leading a consortium that has been awarded a major contract in the power interconnection project signed between Saudi Arabia and Egypt. The project, to begin in 2022, will ensure an exchange...

Wed, 2021-10-06 14:13 RIYADH: Saudi Arabia's Export-Import Bank (EXIM) helped businesses export to 50 countries by the end of September, with food, iron and steel, and plastics products leading the way. EXIM announced it had approved 89 finance requests — up from 81...