Author: admin

Syria will reopen its stock market on June 2, six months after trading was suspended. The market will initially open for three days a week, finance minister Yisr Barnieh told the state news agency Sana. He said necessary measures are being implemented to ensure compliance with anti-money laundering regulations. Syria is seeking to attract foreign investment to repair its struggling economy after US President Donald Trump announced plans to lift sanctions during a visit to Riyadh this month. Trump said he made the decision after discussions with Saudi Crown Prince Mohammed bin Salman and Turkish President Tayyip Erdogan, whose governments both strongly supported…

UCIC shares close 1.5% down Prices soared for previous IPOs Tasi has not recovered since April 2 Shares in United Carton Industries Company fell on their debut in Riyadh on Tuesday, making it the only Saudi company this year to end its first day below its initial public offering price. UCIC closed at SAR49.25, 1.5 percent below the IPO price of SAR50, in the first Saudi listing since President Donald Trump‘s tariffs sent markets crashing. Shares in the three companies that went public between January 1 and Trump’s announcement on April 2 all rose by 30 percent on their first…

Oil prices eased on Tuesday, on expectations OPEC+ will decide to increase output at a meeting later this week, while a decrease in trade tensions provided some support. Brent crude futures were down 31 cents, or 0.5%, at $64.42 a barrel by 1341 GMT. US West Texas Intermediate crude fell 30 cents, or around 0.5%, to $61.23 a barrel. The Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, is not expected to change policy at a meeting on Wednesday. However, another meeting on Saturday is likely to agree to a further accelerated oil output hike for…

Having missed out on the fun of Dubai’s Arab Media Summit (AMS) last year, I was relieved to gain swift and efficient entry to the World Trade Centre Halls for the 2025 version. It was well worth the 12-month wait, if only for the chance to meet up again with old friends. In the digital age, media folk tend not to get together much in a physical sense any more.  The joys of Fleet Street hostelries on a Friday evening, when friends from different newspaper titles would gather to swap gossip and (sometimes) share stories, are lost to the current…

Gold prices declined more than 1% on Tuesday as the dollar’s reversal to trade higher added to the pressure on the safe-haven asset following US President Donald Trump’s less aggressive trade stance towards the European Union. Spot gold was down 1.6% at $3,289.93 an ounce as of 1155 GMT. US gold futures fell 2.3% to $3,287.80. Prices had softened on Monday as well after Trump, on Sunday, retreated from his threat to impose new tariffs on the European Union next month, instead reinstating a July 9 deadline for trade negotiations. “Gold trades lower for a second day with technical selling…

Keeta, the international subsidiary of Meituan – China’s leading on-demand delivery giant – has officially launched Keemart, a new grocery delivery service designed to bring everyday essentials to users’ doors in just 15 minutes.The service is now live in the Al Yasmin and Granada districts of Riyadh, with plans to expand across the city and other regions in Saudi Arabia.With Riyadh’s fast-paced lifestyle and growing demand for digital convenience, Keemart comes at a time when convenience is no longer a luxury, it’s an expectation. Keemart offers a practical and timely solution for residents seeking quick, reliable access to groceries and…

Gold prices declined more than 1% on Tuesday as the dollar’s reversal to trade higher added to the pressure on the safe-haven asset following US President Donald Trump’s less aggressive trade stance towards the European Union. Spot gold was down 1.6% at $3,289.93 an ounce as of 1155 GMT. US gold futures fell 2.3% to $3,287.80. Prices had softened on Monday as well after Trump, on Sunday, retreated from his threat to impose new tariffs on the European Union next month, instead reinstating a July 9 deadline for trade negotiations. “Gold trades lower for a second day with technical selling…

FancyTech has officially launched its first-ever A&M (Advertising & Marketing) Awards, a landmark initiative celebrating exceptional achievements in retail marketing, innovation, and brand engagement.The awards ceremony was held at the JW Marriott Hotel Marina and welcomed over 40 nominated brands and top marketing professionals from across the MENA region and global markets.Known as THE TAG, the FancyTech A&M Awards is the first regional recognition platform dedicated exclusively to creative excellence in retail advertising and marketing.With a focus on innovation, personalization, and effectiveness, the awards honored groundbreaking campaigns that demonstrated a strong blend of strategic thinking and creative execution across 14…

Aramco raising capital Seeks global investment Bolstering national finances Oil giant Saudi Aramco wants to raise funds through a dollar-denominated three-part bond sale, fixed income news service IFR reported on Tuesday. The debt deal, which is expected to be priced later in the day, will be benchmark-sized, which is usually considered to be at least $500 million. Earlier this month, Aramco reported a 4.6 percent drop in first quarter profits, citing lower sales and higher operating costs as economic uncertainty hit crude markets. Reuters reported last week that the oil giant is exploring potential asset sales to release funds as it pursues international expansion and…

In a groundbreaking achievement, King’s College Hospital London in Dubai has successfully performed the UAE’s first split liver transplant, using a single donor liver to save the lives of two patients – a six-month-old baby and an adult. This highly complex, life-saving procedure marks a major milestone in the advancement of transplant surgery in the region.The cadaveric liver was divided in a highly specialized process known as in-situ splitting, allowing for two separate liver transplants to take place simultaneously in two operating theatres. One third of the liver was transplanted into a 6-month-old infant, weighing only 6 kilograms, suffering from…