Category: Business

Riyadh– Saudi Arabian Mining Company (Ma’aden), Saudi Arabia’s national mining champion and one of the fastest-growing mining companies in the world, has signed an agreement to extend its MoU with Emirates Global Aluminium (EGA). This extension signed during an event at Expo 2020 in Dubai, deepens the focus on R&D, aiming at both conventional and green technologies targeting areas of smelting, waste management and recycling.

Riyadh Al Nassar, Senior Vice President of Ma’aden’s Aluminium business, commented on the partnership: “Aluminium is one of the world’s most crucial metals for the global industry going into a future that is focused on environment and sustainability. This partnership aims to increase the cooperation between Ma’aden and EGA to work together towards a greener aluminium”.

Abdulnasser Bin Kalban, EGA’s Chief Executive Officer, said: “We are pleased to extend our agreement with Ma’aden on potential cooperation in technology and other development to support further the sustainability of our two companies. The successful tackling of big challenges can only be accelerated by companies working together.”

“Ma’aden’s operates the largest and most efficient vertically integrated aluminium complex in the world in Ras Al Khair on Saudi Arabia’s east coast. Ma’aden’s mine-to-market aluminium business comprises the Al Ba’itha mine and fully integrated refinery, smelter, rolling and export facilities in Ras Al Khair. Ma’aden provides high-quality billets, ingots, slabs and flat-rolled aluminium products to customers across the globe, including multinational automakers and consumer brands.

Source: Saudi Press Agency

Riyadh–The main Saudi stock index closed today, up 58.02 points, at 13313.98 points, with transactions worth 8.9 billion riyals.

The volume of traded shares reached 183 million shares, divided by more than 410,000 deals, in which the shares of 121 companies recorded an increase in their value, while the shares of 78 companies closed down.

The Saudi Parallel Shares Index (Nomu) closed today, up 153.85 points, at 24,296.31 points, with transactions worth 34 million riyals, and the volume of traded shares reached more than 340,000 shares, divided by 1621 deals.

Source: Saudi Press Agency

Jeddah– Under the patronage of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, the Kingdom of Saudi Arabia will host the annual joint meetings of the Arab Financial Institutions on April 07, 2022 in Jeddah. The joint session will be chaired by Sultanate of Oman, bringing together Arab Ministers of Finance and Economy, chairmen of the councils of Arab Financial Institutions, governors of Arab Central Banks, directors of Arab Funding Institutions, representatives of the International Monetary Fund and the World Bank Group, as well as the Islamic Development Bank Group, and experts and specialists in the financial and economic fields.

The meetings reflects the leading role of Arab financial institutions to lay the foundations for economic integration and joint Arab action. It will foster in-depth discussions on the most prominent financial and economic issues, including the future plans and strategies in the areas of sustainable development in regional and international arenas and their impact on Arab economies.

Minister of Finance Mohammed AlJadaan said: “The Kingdom looks forward to hosting the joint annual meetings of the Arab Financial Institutions, which is an opportunity to review the results of the institutions’ work for the past year, evaluate what has been accomplished, and explore future prospects to enhance the role of institutions in strengthening cooperation between Arab countries.”

It is worth noting that the Arab financial institutions hold their meetings in the spring of each year, during which the performance of each entity and the topics on its agenda are reviewed, as well as contributing to financing development projects in vulnerable countries.

Source: Saudi Press Agency

Riyadh– The main Saudi stock index closed today, up 49.08 points, at 13255.96 points, with transactions worth SAR 15.8 billion.

The volume of traded shares reached 285 million shares, divided by more than 650,000 deals, in which the shares of 77 companies recorded an increase in their value, while the shares of 129 companies closed lower.

The Saudi Parallel Shares Index (Nomu) closed today, down 72.51 points, at 24,142.46 points, with transactions worth 37 million riyals, and the volume of traded shares reached more than 440,000 shares, divided by 2,045 deals.

Source: Saudi Press Agency

Bratislava– The Prime Minister of the Republic of Slovakia, Eduard Heger, received here today the Minister of Economy and Planning, Faisal bin Fadel Al-Ibrahim.

During the meeting, they discussed ways to support and develop areas of cooperation between the two friendly countries.

On the sidelines of the visit, the Minister of Economy and Planning met with the Slovak Foreign Minister Ivan Korcok, and they discussed aspects of joint cooperation in line with the two countries’ aspirations to consolidate relations at all levels.

Al-Ibrahim also discussed with the Slovak Economy Minister Richard Sulik, working to strengthen aspects of cooperation and build strategic partnerships that contribute to serving the common interests between the two friendly countries.

Source: Saudi Press Agency

Manama– Bahrain All Share Index closed at 2,119.33 points marking an increase of 25.55 points above the previous closing, Bahrain News Agency (BNA) reported.

This increase was due to the rise in the Financials Sector.

Bahrain Islamic Index closed at 738.44 points marking a decrease of 1.60 points below the previous closing.

Results indicated that 89 equity transactions took place with a volume of 3,168,680 worth BD 1,571,758.

Investors traded mainly in the Financials Sector representing %50.67 of the total value of securities traded.

Source: Saudi Press Agency

Amman– Amman Stock Exchange (ASE) closed Tuesday’s trading session higher by 0.43 percent at 2,229 points, Jordan News Agency (Petra) reported.

A total of 2.5 million shares were traded through 2,394 transactions at a trading value of JD5.2 million.

The closing prices of 24 companies with traded shares went up, while 37 others declined. The prices of the shares of 21 others remained unchanged.

Source: Saudi Press Agency

Riyadh– The main Saudi stock index closed today, up 41.54 points, at 13,206.88 points, with transactions worth SAR 12.1 billion.

The volume of traded shares reached 214 million shares, divided by more than 550,000 deals, in which the shares of 55 companies recorded an increase in their value, while the shares of 152 companies closed lower.

The Saudi Parallel Shares Index (Nomu) closed today, down 231.01 points, at 24,214.97 points, with transactions worth 51 million riyals, and the volume of traded shares reached more than 530,000 shares, divided by 2,181 deals.

Source: Saudi Press Agency

Manama– Bahrain All Share Index has closed at 2,093.78points marking an increase of 11.42 points above the previous closing.

This increase was due to the rise in the Financials Sector and Real Estate Sector.

Bahrain Islamic Index has closed at 740.04points marking a decrease of 2.37 points below the previous closing .

Results indicated that 170 equity transactions took place with a volume of 3,835,915 worth BD 1,538,420.

Investors traded mainly in the Materials Sector representing %58.82 of the total value of securities traded.

Source: Saudi Press Agency

Riyadh — The main Saudi stock index closed today, up 82.58 points, at 13165.34 points, with transactions worth 9 billion riyals.

The volume of traded shares reached 183 million shares, divided by more than 460,000 deals, in which the shares of 79 companies recorded an increase in their value, while the shares of 122 companies closed down.

The Saudi Parallel Shares Index (Nomu) closed today, down 411.72 points, at 24,445.98 points, with transactions worth 34 million riyals, and the volume of traded shares reached more than 350,000 shares, divided by 1955 deals.

Source: Saudi Press Agency

Riyadh–The main Saudi stock index closed today, down 7.64 points, at 13082.76 points, with transactions worth 5.1 billion riyals.

The volume of traded shares reached 116 million, divided by more than 276,000 deals, in which the shares of 123 companies recorded an increase in their value, while the shares of 72 companies closed down.

The Saudi Parallel Shares Index (Nomu) closed today, 152.31 points down, at 24857.70 points, with transactions worth 31 million riyals, and the volume of traded shares amounted to more than 390,000 shares divided by 1401 deals.

Source: Saudi Press Agency

Riyadh– The Saudi Export Development Authority organized a “virtual” Saudi trade mission to South Africa, with the participation of 20 exporters from the food products sector, to support Saudi exporters and promote their products and ensure their access to various global markets.

“Saudi Exports” aims from this trade mission to raise awareness of export opportunities in South Africa, discuss challenges facing exporters, and proposed solutions, and hold business matching meetings with potential buyers, given that the South African market is one of the most important target markets, and the importance of the Saudi- South African economic relations, especially increasing Saudi non-oil exports and raising the volume of trade exchange between the two sides.

The mission’s first preparatory meeting discussed the volume of South Africa’s imports from various countries, in addition to reviewing South Africa’s import destinations, as well as reviewing data on the highest products exported to South Africa from Saudi Arabia, in addition to identifying the most important export opportunities available for Saudi exporters.

Source: Saudi Press Agency