Category: Finance

Riyadh-- The GCC Commerce Ministers affirmed their support for trade integration efforts to enhance the economic position of the GCC countries.

This came during the 63rd meeting of the GCC Commercial Cooperation Committee, which was held here today, headed by Minister of Commerce and Acting Minister of Media of the Kingdom of Saudi Arabia, Chairman of the current session, Dr. Majid bin Abdullah Al-Qasabi, and in the presence of the GCC Commerce Ministers, and with the participation of Secretary-General of the Cooperation Council for the Arab States of the Gulf (GCC), Dr. Nayef Falah Mubarak Al-Hajraf.

During the meeting, a number of topics on the agenda of the GCC Commercial Cooperation Committee were discussed.

Source: Saudi Press Agency

Riyadh-- Prince Abdulaziz Bin Salman, Minister of Energy of the Kingdom of Saudi Arabia, held an online meeting with NISHIMURA Yasutoshi, Minister of Economy, Trade and Industry of Japan, during which they confirmed that they would strengthen the bilateral relationship between Japan and Saudi Arabia in the field of energy.

The two Ministers emphasized the importance of supporting the stability of global oil markets by encouraging dialogue and collaboration between producing and consuming countries, and highlighted the need to ensure secure supplies of all energy sources in global markets, noting that the Kingdom continues to be Japan’s largest source of reliable crude oil supplies and its reliable and trusted partner.

They also stressed the importance of ongoing investments and cooperation in research, development and deployment of technology to enable the transition to cleaner energy systems, particularly to renewables and new low carbon fuels such as hydrogen/ammonia, and abatement of carbon such as carbon capture, utilization and storage (CCUS).

Source: Saudi Press Agency

Riyadh-- Saudi Stock Exchange's main index ended trading higher here today, gaining 243.57 points to close at 11809.95 points.

The total value of the trading reported was SAR 5.8 billion, while the toll of shares traded was 148 million, divided into over 300,000 deals.

The Saudi Parallel Market Index (NOMU) ended the day losing 68.86 points, to close at 19725.20 points, with a valuation of SAR 43 million and an overall tally of more than 700,000 stocks traded and divided into as many as 3,417 deals.

Source: Saudi Press Agency

Cairo-- Egypt reiterated that it is following closely and with interest the reactions to the OPEC+ decision, which was recently issued, and the reactions that arose around it.

The Egyptian Ministry of Foreign Affairs stated in a statement today that Egypt supports the Kingdom of Saudi Arabia's position in explaining the technical considerations of the (OPEC +) decision, as it aims primarily to achieve oil market stability and to ensure strengthening the international community's ability to deal with the current economic challenges.

Source: Saudi Press Agency

Riyadh-- Saudi Stock Exchange's main index ended trading higher here today, gaining 160.50 points to close at 11566.38 points.

The total value of the trading reported was SAR 4 billion, while the toll of shares traded was 111 million, divided into over 271,000 deals.

The Saudi Parallel Market Index (NOMU) ended the day gaining 49.89 points, to close at 19794.06 points, with a valuation of SAR 17 million and an overall tally of more than 284,000 stocks traded and divided into as many as 1684 deals.

Source: Saudi Press Agency

Riyadh-- Saudi Stock Exchange's main index (TASE) ended trading lower here today, losing 15.90 points to close at 11405.88 points.

The total value of the trading reported was SAR 3.1 billion, while the toll of shares traded was 98 million, divided into over 230,000 deals.

The Saudi Parallel Market Index (NOMU) ended the day losing 25.63 points, to close at 19744.17 points, with a valuation of SAR 13.7 million and an overall tally of more than 190,000 stocks traded and divided into as many as 1,577 deals.

Source: Saudi Press Agency