STOCK MARKET

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.

Saudi Arabia

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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

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 ...

 

Construction

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

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 ...

 

Society

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 ...

 

Saudi-EU

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, ...

 

Saudi-Qatar

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 ...

 

Health

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) ...

 

Manufacturing

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 +

Regional and related topics

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Trump says he is not seeking ‘regime change’ in Iran

Trump has often delivered conflicting messages on foreign policy, veering from sharp criticism to diplomacy, frequently leaving allies and adversaries alike unsure about where he ...

 

Bank Mergers

GCC’s wave of bank mergers almost over, says S&P

The current wave of bank mergers and acquisitions in the region is being driven by the desire among banks with the same major shareholders to ...

 

Syria

Tensions Grow Between Russia, Iran in Syria

"You see things like this that occur in flashpoint zones because there's criminal activity going on. Each country's proxy wants a cut ...

 

Hybrid Warfare

Hybrid Warfare Matures in the Gulf

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Lebanon

Lebanon cabinet approves austerity budget

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Investment

Bonds Are From Mars and Stocks From Venus for Investors in Gulf

The desert states of the Gulf are proving to be fertile ground for bond investors. Yield-hungry global funds are plowing into regional bonds at the expense ...

 

Expo 2020 Dubai

Expo 2020 Dubai to attract 11 mln foreign visitors-officials

Overseas visitors would account for almost 71% percent of the total expected for the event in Dubai, already a popular destination which lured a record ...

 

Sudan

Head of Sudan’s military council meets Abu Dhabi crown prince

The head of Sudan’s military council met Abu Dhabi’s crown prince on Sunday, who expressed the United Arab Emirates’ support for Sudan as it navigates ...

 

India

Analysis: India’s Modi faces foreign pressures in 2nd term

Indian Prime Minister Narendra Modi won a second term with a muscular response to a suicide attack on Indian paramilitary forces in troubled Kashmir that ...

 

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