Day: June 19, 2023

Posted on

Foreign Ministry: Saudi Arabia Welcomes Restoration of Diplomatic Representation between Qatar and UAE, in Implementation of AlUla Agreement

The Ministry of Foreign Affairs expressed the Kingdom of Saudi Arabia’s welcome to the restoration of diplomatic representation between the State of Qatar and the United Arab Emirates (UAE), in implementation of AlUla Agreement.

The Ministry of Foreign Affairs has commended this positive development, which highlights the strong relations among the Gulf Cooperation Council (GCC) countries and contributes to enhancing collective Gulf efforts in realizing the aspirations of the region’s nations and peoples.

Source: Saudi Press Agency

Posted on

KSrelief Distributes 160 Shelter Bags to Affected People by Floods in Yamen

Yesterday, King Salman Humanitarian Aid and Relief Center (KSrelief) distributed 160 shelter bags to those affected by floods in Hadibu District, Socotra Governorate, Yemen, providing assistance to 460 individuals.

This aid is part of the ongoing humanitarian support provided by the Kingdom of Saudi Arabia, represented by KSrelief, to alleviate the suffering of the Yemeni people amidst the current humanitarian crisis.

Source: Saudi Press Agency

Posted on

As Many as 16 KSrelief Trucks Cross Al-Wadiah Crossing Point, Heading to Yemen

A total of 16 relief trucks from King Salman Humanitarian Aid and Relief Center (KSrelief) successfully crossed Al-Wadiah Crossing Point between May 15 and June 18, 2023.

These trucks transported 160.73 tons of relief aid, including medical supplies, 200 tents, and 937 shelter bags. The aid was destined for Yemen’s governorates of Aden, Hadhramaut, Shabwa, Marib, Taiz, Hajjah, and Saada.

This initiative reflects the Kingdom of Saudi Arabia’s unwavering commitment to extending humanitarian and relief assistance to numerous countries and populations worldwide through its humanitarian arm, KSrelief.

Source: Saudi Press Agency

Posted on

Saudi Stock Exchange Main Index Ends Trading Lower at 11421.70 Points

Saudi Stock Exchange main index ended trading lower today, losing 95.19 points, to close at 11421.70 points.

The total value of the trading reported was SR 6 billion, while the total number of shares traded was 303 million.

The Saudi Parallel Market Index (NOMU) ended the day by losing 813.22 points to close at 28174.84 points, with a valuation of SAR 62 million and an overall tally of more than 2,000,000 stocks.

Source: Saudi Press Agency

Posted on

Oil Slides on China Growth Uncertainties

Global oil prices fell more than $1 on Monday, backing off last week’s gains, as questions over China’s economy outweighed OPEC+ output cuts and the seventh straight drop in the number of oil and gas rigs operating in the United States.

Brent crude fell 68 cents to trade at $75.93 a barrel, while US West Texas Intermediate crude (WTI) fell 59 cents to $71.19.

Last week, Brent posted a gain of 2.4% and WTI rose 2.3%.

A number of major banks have cut their 2023 gross domestic product growth forecasts for China after May data last week showed the post-COVID recovery in the world’s second-largest economy was faltering.

US energy firms cut the number of working oil and natural gas rigs for a seventh week in a row for the first time since July 2020. The oil and gas rig count, an early indicator of future output, fell by 8 to 687 in the week to June 16, lowest since April 2022.

Source: Qatar News Agency

Posted on

QSE Index Falls by 16.66 Points at Beginning of Monday’s Trading

Qatar Stock Exchange index started Monday’s trading session with a decline of 0.16%, losing 16.66 points and dropping to a level of 10,249 points compared to the end of Sunday’s session. This decrease was weighed dawn by six sectors.

The decline in the overall index of Qatar Stock Exchange attributed to the negative performance of several sectors. The decline was recorded in insurance sector by 1.04%, industrial sector by 0.46%, consumer goods and services sector by 0.37%, bank and financial services sector by 0.25%, real estate sector by 0.12%, and telecommunications sector by 0.08%. On the other hand, the transportation sector showed positive performance, increasing by 1.24%.

At 10:00 am Qatar Stock Exchange recorded 2822 transactions worth QR 76.701 million, distributed to 27.284 million shares.

Source: Qatar News Agency