NEWS

Saudi stock market rises as financial shares gain strength

Author:  Mon, 2020-11-16 00:40 DUBAI: Most major stock markets in the Middle East ended higher on Sunday, with Saudi Arabia leading gains on a rise in financial shares, while Egypt bucked the trend to close lower. By Thursday major Gulf markets had logged...

Tokyo stocks open higher as Japan exits recession

Author:  AFP ID:  1605488138746913500 Mon, 2020-11-16 04:47 TOKYO: Tokyo stocks opened higher on Monday supported by gains on Wall Street with investors digesting Japan’s third-quarter GDP figures, which showed an exit from recession. The benchmark Nikkei 225 index was up 1.13 percent or 286.11 points...

Privacy activist files complaints against Apple’s tracking tool

Author:  Reuters ID:  1605506606707382300 Mon, 2020-11-16 06:00 BERLIN: A group led by privacy activist Max Schrems on Monday filed complaints with German and Spanish data protection authorities over Apple’s online tracking tool, alleging that it allows iPhones to store users’ data without their consent...

Big revamp for Saudi Arabia electricity sector

Mon, 2020-11-16 11:33 DUBAI: Saudi Electricity Company, which runs the Kingdom’s power generation and distribution, has unveiled a far-reaching restructuring of its finances and regulatory set-up to “to provide its services with higher levels of efficiency and reliability.” As part of...

US approval for 737 MAX return nears as challenges remain for Boeing

Author:  Reuters ID:  1605524766928015300 Mon, 2020-11-16 11:00 WASHINGTON: After a standoff with global regulators, management turmoil and a massive safety review, Boeing Co. is set to win US approval on Wednesday to resume flights of its grounded 737 MAX.But the largest US airplane maker...

Aramco extended $8 bln revolving loans this year — bond prospectus

Author:  Reuters ID:  1605527090848131100 Mon, 2020-11-16 09:14 DUBAI: Saudi Aramco this year extended the maturity of two revolving credit facilities it took in 2015, meaning those loans worth a total of $8 billion will be available through March 2022, a bond prospectus showed. Aramco said...
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