Soaring Food and Energy Costs Drive UK Inflation to 10.1%

London– Britain’s inflation rate rose to a new 40-year high of 10.1% in July, as rising food prices tightened a cost-of-living squeeze fueled by soaring energy prices, the Associated Press reported.The Office for National Statistics said Wednesday tha…

London-- Britain's inflation rate rose to a new 40-year high of 10.1% in July, as rising food prices tightened a cost-of-living squeeze fueled by soaring energy prices, the Associated Press reported.

The Office for National Statistics said Wednesday that consumer prices inflation hit double digits, a jump from 9.4% in June and higher than analysts central forecast of 9.8%. The increase was largely due to rising prices for food and staples, it said.

Source: Saudi Press Agency

Finland GDP Growth Slows Further in June

Helsinki(dpa-AFX) – Finland’s economic growth eased for the third straight month in June, preliminary data from Statistics Finland showed on Wednesday according to the dpa.Output of the national economy rose a working-day-adjusted 1.0% year-over-year i…

Helsinki(dpa-AFX) - Finland's economic growth eased for the third straight month in June, preliminary data from Statistics Finland showed on Wednesday according to the dpa.

Output of the national economy rose a working-day-adjusted 1.0% year-over-year in June, slower than the 2.6% increase in May, which was revised up from 2.5%.

On a seasonally adjusted basis, output contracted 0.2% month-on-month in June, in contrast to a 0.2% rebound in the preceding month. Among sectors, secondary production grew by about 4.0% annually in June. This was offset by around 1.0% falls in both primary and tertiary sectors.

During the second quarter, GDP advanced 2.3% from a year ago and rose 0.6% compared with the preceding quarter. The statistical office will publish detailed figures for the second quarter on August 31.

Source: Saudi Press Agency

Saudi Exports Development Authority Collects an Int’l Prize

Riyadh, Aug. 16, 2022, SPA — The Saudi Exports Development Authority has collected anInternational Prize 2022, it was reported here today.In a statement, CEO of the Saudi Exports Development Authority Eng. Abdulrahman Al-Thukair said that the prize wa…

Riyadh, Aug. 16, 2022, SPA -- The Saudi Exports Development Authority has collected an

International Prize 2022, it was reported here today.

In a statement, CEO of the Saudi Exports Development Authority Eng. Abdulrahman Al-Thukair said that the prize was given to his organization for having presented the best exhibit for Saudi-made products among the business and consumption sectors held in Saudi Arabia in March 2021.

Source: Saudi Press Agency

KSrelief Launches Project to Sponsor Orphans and Economic Empowerment for their Families in Marib

Marib– King Salman Humanitarian Aid and Relief Center (KSrelief) inaugurated here today a project to sponsor orphans and economic empowerment for their families.The project aims to support 177 orphans in their education and living, in addition to econ…

Marib-- King Salman Humanitarian Aid and Relief Center (KSrelief) inaugurated here today a project to sponsor orphans and economic empowerment for their families.

The project aims to support 177 orphans in their education and living, in addition to economically supporting and empowering 50 orphans' families.

It is worth mentioning that the orphan sponsorship project is implemented by the KSrelief in 3 Yemeni governorates, Aden, Lahj, and Marib, targeting 536 orphans and 166 orphans' families.

Source: Saudi Press Agency

Saudi Stock Exchange Main Index Ends Trading Higher at 12545.14 Points

Riyadh– Saudi Stock Exchange’s main index ended trading higher here today, gaining 1.37 points to close at 12545.14 points.The total value of the trading reported was SAR 8 billion, while the toll of shares traded was 214 million, divided into over 42…

Riyadh-- Saudi Stock Exchange's main index ended trading higher here today, gaining 1.37 points to close at 12545.14 points.

The total value of the trading reported was SAR 8 billion, while the toll of shares traded was 214 million, divided into over 423,000 deals.

The Saudi Parallel Market Index (NOMU) ended the day losing 75.92 points, to close at 22034.74 points, with a valuation of SAR 15 million and an overall tally of more than 291,000 stocks traded and divided into as many as 1968 deals.

Source: Saudi Press Agency

Qatar Stock Exchange Ends Trading Higher

Doha– The general index of the Qatar Stock Exchange ended trading higher today, gaining 49.72 points, or 0.36%, to reach 13,749.35 points.During today’s session, 169,326,051 shares were traded, with a value of QAR 571,426,849.755, through 16914 deals …

Doha-- The general index of the Qatar Stock Exchange ended trading higher today, gaining 49.72 points, or 0.36%, to reach 13,749.35 points.

During today's session, 169,326,051 shares were traded, with a value of QAR 571,426,849.755, through 16914 deals in all sectors.

The shares of 35 companies rose, while the prices of 8 other companies declined, while 4 company maintained their previous closing price.

Source: Saudi Press Agency