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Financials and Investment News in Saudi Arabia

Saudi: budget rally stalls near chart barrier; rest of Gulf firm
12/26/2016 - The Saudi Arabian stock market's post-budget rally lost steam early as the index neared a technical resistance, while other major Gulf bourses were firm in quiet trade. .

The Saudi index add...
Saudi Chargé D'affaires in Beirut Meets Head of Economic Solidarity Forum in Lebanon
12/28/2016 - Saudi chargé d'affaires in Lebanon Walid bin Abdullah Bukhari at the embassy in Beirut met with the President of Economic Solidarity Forum in Lebanon Amer Arslan.

According to a statement iss...
Gulf Bourses Edge up in Early Trade, Petchems Buoy Saudi
12/28/2016 - Most major Gulf stock markets edged up in early trade in line with global bourses, as petrochemical producers led Saudi Arabia's bourse.

The Saudi index, which surged 1.3 percent to a new hi...
Gulf May Have Firm Tone in Line With Global Markets
12/28/2016 - Gulf stock markets may have a slightly firm tone in line with global bourses, with some investors in Saudi Arabia tempted to push up shares after the index hit a new high for the year

MSCI'...
Saudi stocks rise with second tier outperforming
1/1/2017 - Saudi Arabia's stock market rose in early trading with activity focusing on second- and third-tier stocks rather than blue chips.

The main Saudi index was up 0.5 percent in the first hour. Pe...
Saudi Chambers Council's Delegation to Present Investment Opportunities
1/3/2017 - President of Saudi-Indian Business Council Engineer Kamal Al-Munajed has explained that the participation of the Kingdom of Saudi Arabia as a guest of honor in "Vibrant Gujarat Global Summit 2017" to ...
Saudi: Branches of National Information Center Awarded ISO Certificate
1/4/2017 - Branches of National Information Center and its administrative units have been awarded the certificate of quality management system in accordance with the requirements of International Organization fo...
Saudi: Sidf Approves 155 Loans Exceeding Sr 7943 Million
1/19/2017 - Saudi Industrial Development Fund (SIDF) continued financing a number of industrial projects, where the number of approved industrial loans reached (155) loans by the end of fiscal year 1437/1438 H (2...
Saudi Arabia: Gulf May Consolidate, Saudi Could Continue Rebound
1/24/2017 - Gulf stock markets may consolidate amid a lack of fresh, positive factors, though Saudi Arabia could continue a rebound that began

The Saudi index rose 1.7 percent in the highest trading vol...
Saudi Rises, Most of Gulf Moves Little in Early Trade
1/26/2017 - Saudi Arabia's Stock Market Continued its uptrend of the past few days in early trading while other Gulf bourses moved little, with Kuwait's bull run stalling in heavy trade.

The Saudi index ...
Saudi: Deputy Crown Prince Chairs Economic Affairs' Council Meeting
3/28/2017 - Under the chairmanship of Deputy Crown Prince Mohammed bin Salman bin Abdulaziz, Second Deputy Premier and Minister of Defense, the Economic and Development Affairs' Council held a meeting, at Al-Yama...
Saudi:Deputy Crown Prince Chairs Economic Affairs and Development Council Meeting
4/11/2017 - The Economic Affairs and Development Council held a meeting evening at Rawdat Khuraim, on the outskirts of capital Riyadh, under the chairmanship of its chairman Deputy Crown Prince Mohammed bin Salma...
Saudi Arabia Restored Perks to State Employees, Boosting Markets
4/24/2017 - Saudi Arabia reinstated financial allowances for civil servants and military personnelafter better-than-expected budget figures, ending unpopular cuts to a key perk triggered by low oil prices and che...
Saudi May Slip on Profit-Taking; Mobily May Fall on Disappointing Net Loss
4/24/2017 - Saudi Arabia's stock index may slightly correct following the previous day's strong gains on news that public sector workers' perks have been restored, while shares of Etihad Etisalat (Mobily), the c...
Saudi Bank Alawwal Extends Gains on Merger Talks Region
4/27/2017 - Shares in two Saudi banks that are in early merger talks moved in opposite directions while other regional markets moved little in thin volumes.

Alawwal Bank extended the previous session's ...
Saudi: Council of Economic Affairs and Development Sets Out Programs to Until 2020
5/1/2017 - The Council of Economic Affairs and Development has identified ten programs of strategic importance for the government to achieve (the Kingdom of Saudi Arabia Vision 2030) approved by the Council of M...
Saudi Arabia to Increase Investment in Egypt Up To $51 Bin
5/20/2017 - The Saudi-Egyptian Business Council plans to increase investments by both the Saudi government and private sectors in Egypt to reach $51 billion in the agricultural, industrial, tourism, energy and re...
Saudi Arabia Says Oil Inventory Drawdown to Accelerate in Coming 3-4 Months
6/11/2017 - A drawdown in crude oil inventories will accelerate in the next three to four months, Saudi Arabian Energy Minister Khalid al-Falih said

Falih, speaking to reporters in the Kazakh capital of...
Saudi Energy Minister Holds Talks with UN Deputy Secretary General
6/13/2017 - Saudi Minister of Energy, Industry and Mineral Resources Khaled bin Abdulaziz Al-Faleh held talks with visiting Deputy Secretary General of the United Nations Amina G. Mohammed.

During the ...
Saudi Gets a Boost from Retail, Banking Shares Following Q2 Profit, Dividends
7/10/2017 - Shares of Saudi Arabia's United Electronics surged in early trade after reporting a quadrupling in its second quarter net income and its first dividend distribution since 2015, while the region's ban...

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