Category Archives: Finance

Global stocks mixed

TOKYO, Global shares are mostly lower, AP reported. France’s CAC 40 dropped 3.5% in early trading to 4,565.93, while Germany’s DAX dropped 3.3% to 11,663.00. Britain’s FTSE 100 lost 2.3% to 5,595.22. U.S. shares were poised for declines, with Dow

Saudi Stock Exchange Main Index Ends Trading, higher, at 8,198.9 Points

Riyadh, Saudi Stock Exchange’s main index ended trading lower here today, gaining 43.59 points to close, at 8,189.9 points. The total value of the trading reported was SR7 billion, while the toll of shares traded was more than 300 million,

DANA Gas Sells Two Oil And Gas Fields In Egypt To Expand Production In Iraq

Baghdad, “Dana Gas” agreed to sell its oil and gas fields in Egypt for an amount of $ 236 million, which would enable it to pay off debts related to the bonds due this month and to expand its production

Saudi Stock Exchange Main Index Ends Trading Higher, at 8,155.31 Points

Riyadh, Saudi Stock Exchange’s main index ended trading higher here today, gaining 0.72 points to close, at 8,155.31 points. The total value of the trading reported was over SR11.3 billion, while the toll of shares traded was more than 495

General Council for Islamic Banking and Financial Institutions Kicks off Financial Engineering Workshop

Jeddah, The General Council for Islamic Banking and Financial Institutions kicked off here today a 2-day remotely administered technical workshop, in French, under the motto: Financial Engineering and Developing Islamic Financial Institutions’ Products. The workshop is set to target mainly,

Ministry of Commerce Highlights Saudi Arabia’s Endeavors to Implement Guiding Principles Protecting Consumers, at UN Forum

Riyadh, The Ministry of Commerce took part in the workings of the 8th session United Nations Conference on Competition and Consumer Protection, recently held, in Geneva. The Kingdom presentation covered the a period of 5-year, starting from 2015 up to

SOMO: Iraq Entered The Second Phase Of The Reduction Two Months Ago By Cutting 18%

Baghdad, The Iraqi Oil Marketing Company “SOMO” announced, on Sunday, that Iraq has entered the second phase of the reduction since last August, while it confirmed obtaining an exception by extending the compensation until December. SOMO said in a statement

GCC Finance Ministers, Governors of Monetary Agencies and Central Banks Hold Meeting with IMF Managing Director

Riyadh, The Finance Ministers and Governors of the Monetary Agencies and Central Banks of the Gulf Cooperation Council (GCC) Member States held virtually today a meeting with the Managing Director of the International Monetary Fund (IMF). GCC Secretary General Dr.