Traders monitor share prices at a bank in Riyadh. File/Agence France-Presse
The Saudi Stock Exchange (Tadawul) launched the kingdom’s first exchange-traded derivatives market and clearing house on Sunday, as part of its strategy to make its equity markets more attractive to foreign investors.
The acquisition of the SABIC stake is consistent with Aramco’s long-term Downstream strategy to grow its integrated refining and petrochemicals capacity and create value from integration across the hydrocarbon chain.
The Saudi Tadawul Group has announced the signing of a Memorandum of Understanding (MoU) with the Shanghai Stock Exchange to promote mutual development and cooperation between the two exchanges.
Most Asian markets fell Monday following another disappointing performance on Wall Street with investors growing concerned about an uptick in coronavirus infections in Europe and the United States, as well as the lack of movement in Washington on a new stimulus.
Dr Sultan Bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and COP28 President, said that ALTÉRRA, the catalytic climate vehicle announced on Friday, reflects the COP Presidency’s Action Agenda and the UAE’s efforts to make climate finance available, accessible and affordable.
India’s Nifty reached historic highs on Friday, with the mid-small cap segment also on the rise, fuelled by faster-than-expected economic growth in the September quarter and increased optimism regarding the global interest rate outlook, Shrey Jain, Founder and CEO SAS Online, said.
Abu Dhabi Future Energy Company – Masdar, the UAE’s clean energy powerhouse, is part of an £11billion investment into the UK’s renewable energy sector and is purchasing a 49 per cent stake in RWE’s 3 gigawatt (GW) Dogger Bank South (DBS) projects - which form one of the world’s largest planned
Scotland kicked off its COP28 activity with a St Andrew’s Day Reception following the first day of the conference. The First Minister, Humza Yousaf, joined 21 Scottish businesses and organisations in the food and beverage sector at the VIP business event, who showcased their products, with support from