Shares of oil giant Saudi Aramco surged 3 percent to touch their highest level since listing of SR46.1 ($12.3) on Sunday.
Media reports said that amid trading of almost 10 million shares, the stock price slightly retreated to SR45.8 later in the day at 12:07 p.m. Saudi time.
The oil major now holds the second largest market valuation globally of SR9.15 trillion.
This comes as oil prices continue to spike, beefing up energy companies even as Ukraine-Russia tensions rattle stock markets globally.
By signing up you agree to our Terms of Use and Privacy Policy
ABU DHABI, UAE – The Environment Agency – Abu Dhabi (EAD) has issued a policy on sustaining marine water quality that reviews the current situation and main challenges related to…
GCC-listed companies' net profit dropped to US$ 57.9 billion in Q2-2023. While retail, capital goods, and utilities sectors faced profit declines, the banking sector thrived.
Rising security concerns, confrontational geopolitics, and chaotic global changes have fueled the demand for private military companies, the new reality of modern warfare.
WTTC research shows that, having endured estimated losses of $4.5 trillion and 62 million jobs in 2020 alone, travel and tourism has recovered and is set to reach new heights.…
Cities must adopt EVs alongside shared transport, robust infrastructure, clean energy, and inclusivity, says Jamie Wylie, an urban mobility expert.
