Category Archives: Finance

Projects Support Fund Initiative Signs an Agreement with the Saudi Stock Exchange Company

Riyadh, The Projects Support Fund Initiative signed an agreement with the Saudi Stock Exchange Company (Tadawul) to provide economic stimulus for listed companies. The signing was completed today 17 January ,2021. Fahad Al-Saif, CEO of the National Debt Management Center

Saudi Stock Exchange Main Index Ends Trading Lower, at 8,874.90 Points

Riyadh, Saudi Stock Exchange’s main index ended trading lower here today, losing 23.78 points to close, at 8,874.90 points. The total value of the trading reported was 8.2 billion, while the toll of shares traded was more than 240 million,

Iraq’s Oil Exports to America Increased

Baghdad, The US Energy Information Administration announced, Saturday, that Iraqi oil exports to America rose to 91,000 barrels per day during the past week. The administration said in a report, that “the average US imports of crude oil during the

Wall Street Closing

New York, U.S. stocks fell yesterday, concluding a losing week, as traders considered President-elect Joe Biden’s $1.9 trillion stimulus plan and the latest quarterly results from big banks. In U.S. economic news, industrial production jumped 1.6 percent in December, with

OPEC Basket Price Stood at $55.19

The price of OPEC basket of thirteen crudes stood at $55.19 a barrel on Thursday, compared with $55.81 the previous day, according to OPEC Secretariat calculations, WAM News Agency reported. The thirteen crudes, from separate OPEC member countries, include a

Wall Street Closing: U.S. stocks fell slightly Thursday

U.S. stocks fell slightly Thursday. The Dow Jones industrial average fell 68.95, or 0.2 percent, to 30,991.52. The broader Standard & Poor’s 500 index fell 14.30, or 0.4 percent, to 3,795.54. The technology-heavy Nasdaq composite index fell 16.31, or 0.1

WhatsApp to Delay Launch of New Business Features After Privacy Backlash

Facebook Inc’s WhatsApp is delaying the roll out of new business features following user backlash over the company’s data sharing practices, according to Reuters. The delay is a setback for WhatsApp’s plan to generate revenue by facilitating commercial exchanges on

Wall Street Closing

New York, U.S. stocks were mostly modestly higher Wednesday, the Dow Jones industrial average was little changed, falling 8.22 to 31,060.47. The broader Standard & Poor’s 500 index rose 8.65, or 0.2 percent, to 3,809.84. The technology-heavy Nasdaq composite index