Saudi Arabian Olympic Committee Delegation Concludes Visit to IOC in Lausanne

Riyadh, Rabi’II 14, 1437, Jan 24, 2016, SPA — The Saudi Arabian Olympic Committee (SAOC)’s delegation consisting of its Vice President, Engineer Loa’ay Hisham Nazer; Prince Abdulhakim bin Musaed, Secretary General of the Committee and Prince Khalid bin Bandar, Executive Director for the Committee’s International Relations, has concluded a visit to the International Olympic Committee (IOC) in Lausanne, Switzerland.
During the visit, the SAOC delegation has met with the OIC President, Dr. Thomas Bach and his administrative delegation at ICRC headquarters in the Swiss city of Lausanne.
The two sides discussed ways of cooperation between SAOC and IOC as well as the SAOC’s preparations for the Olympics games to be held next summer 2016 in Rio de Janeiro, Brazil.

15:29 LOCAL TIME 12:29 GMT

Muscat Securities Market Gains 74 Points

Muscat, Rabi’II 14, 1437, January 24, 2016, SPA — Muscat Securities Market (MSM) general index (30) today added (74.75) points, comprising a rise by (1.54%) to close at (4941.75) points, compared to the last session, which stood at (4867.00) points.

The trading value today stood at (RO 3,346,249), comprising a rise by (29.84%) compared to the last session, which stood at (RO 2,577,288).

The report released by MSM pointed out that the market value rose by (0.72%) to reach about (RO 15.24) billion.
14:24 LOCAL TIME 11:24 GMT

Kuwait Stock Exchange ends trading in green zone

KUWAIT, Rabi’II 14, 1437, January 24, 2016, SPA — Kuwait Stock Exchange (KSE) ended trading at Kuwait Stock Exchange (KSE) in the green zone on Sunday The price index was up by 28.62 points to reach 4,974.95 points, the weighted index also went up by 5.79 points, to stand at 336.03 points, as well as the KSX 15 which increased by 18.23 points, to read 785.97.
The value of trade was KD 16 million while the volume was at 219,117,149 million shares done through 219,117,149 deals.
13:56 LOCAL TIME 10:56 GMT

Singapore says supports IMF's Lagarde for second term

SINGAPORE, Rabi’II 14, 1437, January 24, 2016, SPA — The Monetary Authority of Singapore said on Sunday it supported the nomination of the International Monetary Fund’s managing director, Christine Lagarde, for a second term, Reuters reported.

Lagarde launched her campaign for her second term on Friday with ringing endorsements from a host of major economies. Her first term ends on July 4 and the IMF has said it wants to wrap up the selection process by March 3.

“Singapore supports Ms Lagarde serving a second term, and I am confident she will continue to lead the IMF with conviction and in an inclusive way,” Tharman Shanmugaratnam, chairman of the MAS, said in a statement.
11:49 LOCAL TIME 08:49 GMT