Saudi Stocks Surge for Largest Single-Day Gain in 6 Months as Investors Prepare for MSCI Inclusion

Saudi Kingdom Tower Top Economy Riyadh
Shares in the Tadawul, the Saudi stock market, surged 2% on Tuesday with much of the gains happening before the session closed as MSCI Inc. prepares to include the Kingdom into its developing country benchmark, according to a report in Bloomberg.

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Saudi Stock Market

Saudi Stocks Surge as Investors Prepare for MSCI Inclusion

The Tadawul All Share Index rose 2% on the day, after fluctuating throughout the session, with banks contributing the most to the increase. The Tadawul ...



Construction contract awards in Saudi Arabia see 113% growth to $13bn in Q1

The value of contract awards in Saudi Arabia grew to $13bn (SAR48.9bn) in Q1 2019, a staggering 113% increase from $6.1bn (SAR23bn) in the same ...



Saudi Arabia’s Vision 2030 projects need more construction contractors

ProTenders’ data suggests that infrastructure is the largest contributor to the construction sector, with 1,821 active projects worth $522.4bn (SAR1.9tn). Urban construction is the second-largest ...



Uber appoints new boss to drive Saudi growth

Uber on Monday announced the appointment of Mohammad Bakr Gazzaz as it new general manager for Saudi Arabia. Tasked with leading the next phase of growth ...


King Salman

King Salman tells moderate Islam conference that Saudi Arabia has fought ‘extremism, violence and terrorism’

Saudi Arabia has fought against extremism with “determination and decisiveness,” King Salman told a Muslim World League (MWL) conference on Monday. In an address to the ...


Public Decency Laws

Public decency laws in Saudi Arabia ‘still on hold’: official

The public decency laws are yet to be enforced, a Ministry of Interior official said on Monday morning, according to SPA’s Twitter account. Last month, Saudi ...



Senior Saudi cleric slams ‘paranoia’ over segregation between men and women

“Sadly today, we are paranoid — in a mosque — a place of worship. They are completely separated from men, they cannot see them and ...



New criticism over French arms shipment to Saudi Arabia

A Saudi Arabian cargo ship is set to arrive in the south of France on Tuesday to pick up munitions, according to a media report, ...



Qatar plane lands in Saudi for first time since 2017

Late last week, Al Thani received an invitation from Saudi King Saudi King Salman Bin Abdulaziz Al Saud to attend two summits in Mecca, the ...



GE Healthcare joins Saudi university on research and consulting development

Prince Sattam bin Abdulaziz University (PSAU) – which includes Colleges of Medicine, Pharmacy, and Applied Medical Sciences – has signed a Memorandum of Understanding (MoU) ...



Saudi Arabia’s Napco National plans float, picks Saudi Fransi to advise, sources say

Saudi Arabia-based home disposables manufacturer Napco National is planning a potential public share sale and has hired the investment banking arm of Banque Saudi Fransi ...


Mount Everest

2 Saudi Climbers Ascend Mount Everest

Two Saudi climbers ascended Mount Everest, the world’s highest plateau, and hoisted the national flag of Saudi Arabia on its summit, reported the Saudi Press ...


Saudi +

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