Business

Saudi Stock Market Index Closes Lower by 58 Points

Riyadh: The main Saudi stock index closed Wednesday down 58.51 points, reaching 10,847.93 points, with trading valued at SAR 3.7 billion.

According to Qatar News Agency, daily economic bulletin for the Saudi stock market, 167 million shares were tr…

Dollar Weakens, Yen Nears Two-week Low

Tokyo: The dollar weakened against several major currencies, while the wobbly yen was pinned near a two-week low, and the inflation surprise sent Australia’s dollar higher on Wednesday. The Australian dollar rose 0.7 percent to $0.7109 after a pickup …

Qatar’s Nakilat Inc. Keeps Strong Credit Rating, S&P Says

Qatar: Qatar’s gas shipping group Nakilat has retained its high-grade credit ratings from Standard and Poor’s, underlining the company’s financial strength amid steady global demand for liquefied natural gas (LNG).

According to Qatar News Agency, in…