萝莉视频

Closing Bell: Saudi main index slips to 10,696

Closing Bell: Saudi main index slips to 10,696
The total trading turnover of the benchmark index reached SR3.16 billion ($842 million), with 38 stocks advancing and 217 declining. Tadawul
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Updated 19 sec ago

Closing Bell: Saudi main index slips to 10,696

Closing Bell: Saudi main index slips to 10,696
  • Parallel market Nomu dropped 1.37% to end at 25,943.03
  • MSCI Tadawul Index shed 0.19% to close at 1,382.06

RIYADH: 萝莉视频鈥檚 Tadawul All Share Index slipped on Sunday, losing 35.42 points, or 0.33 percent, to close at 10,696.89.

The total trading turnover of the benchmark index reached SR3.16 billion ($842 million), with 38 stocks advancing and 217 declining.

The Kingdom鈥檚 parallel market Nomu also dropped, falling 360.62 points, or 1.37 percent, to 25,943.03, as 30 stocks advanced while 65 retreated.

The MSCI Tadawul Index shed 2.59 points, or 0.19 percent, to close at 1,382.06.

Development Works Food Co. was the day鈥檚 top performer, rising 6.53 percent to SR124. Arab National Bank gained 3.02 percent to SR24.21, while Banque Saudi Fransi advanced 2.96 percent to SR16.70.

On the downside, SABIC Agri-Nutrients Co. fell 5.44 percent to SR114.80.聽

Rabigh Refining and Petrochemical Co. (Petro Rabigh) declined 5.14 percent to SR7.01. The company announced a board recommendation to raise its capital from SR16.7 billion to SR21.9 billion through issuing and privately offering new ordinary shares to founding shareholders, alongside a subscription agreement.

In corporate updates, Saudi Networkers Services Co. reported a net profit of SR20.6 million for the first half of 2025, up 4.4 percent from a year earlier, supported by higher revenues and improved margins. Its shares closed at SR73, up 6.84 percent.

Advance International Co. for Communication and Information Technology posted a net loss of SR2.9 million for the same period, compared with a profit of SR5.15 million last year. The company cited higher operating costs and lower selling prices in its wholesale and supplies division.聽Its shares ended at SR2.30, down 8.33 percent.

Arabian International Healthcare Holding Co. narrowed its losses to SR24.2 million, down 23.6 percent year on year, aided by stronger gross profit and lower impairment charges. Its shares closed at SR33.30, down 15.87 percent.

Saudi Parts Center Co. swung to a net loss of SR6.2 million in the first half of the year, versus a profit of SR689,000 last year, due to a 17 percent sales drop and weaker revenue from its Engine and Generator Repair Center.聽Its shares ended at SR42, down 13.04 percent.

Rawasi Albina Investment Co. turned to a net profit of SR1.19 million from a loss of SR9.7 million a year earlier, driven by higher revenues from completed projects and contract expansions in construction, telecoms, and energy.聽Its stock fell 7.69 percent to SR3.98.


Saudi-US talks spotlight lithium, aerospace, and supply chain during high-level visit

Saudi-US talks spotlight lithium, aerospace, and supply chain during high-level visit
Updated 31 August 2025

Saudi-US talks spotlight lithium, aerospace, and supply chain during high-level visit

Saudi-US talks spotlight lithium, aerospace, and supply chain during high-level visit
  • Saudi minister of industry and mineral resources met senior US government officials
  • Bandar Alkhorayef highlighted investment opportunities in technology, AI, and innovative industries

JEDDAH: 萝莉视频 and the US explored cooperation in sectors including lithium, aerospace, and supply chain resilience during a high-level visit led by the Kingdom鈥檚 minister of industry and mineral resources.

Bandar Alkhorayef concluded a four-day trip aimed at strengthening bilateral economic and industrial ties, the Saudi Press Agency reported.

The discussions also covered energy innovation, mining, critical minerals, advanced manufacturing, specialty chemicals, food processing, medical devices, smart city technologies, and electric vehicle production.

The government and private sector talks focused on advancing strategic partnerships in line with 萝莉视频鈥檚 National Industrial Strategy, Comprehensive Strategy for Mining and Metals Industries, and Vision 2030 objectives.

鈥淚 concluded my visit to the US, which included meetings with government officials, leaders of major companies, and heads of academic and research institutions to strengthen cooperation in industry, mining, and technology, facilitate knowledge transfer, and build strategic partnerships supporting our national objectives,鈥 Alkhorayef said in a post on his X account.

During the visit, Alkhorayef met senior US government officials, including Energy Secretary Chris Wright and North Carolina Secretary of Commerce Lee Lilley.

The minister highlighted Saudi investment opportunities in technology, artificial intelligence, and innovative industries during meetings with investors in North Carolina, which were held in coordination with the US Chamber of Commerce.

Alkhorayef engaged with executives from major American firms, including General Mills, Lilac Solutions, and RTX. He also met representatives from International Flavors and Fragrances, Guardian Industries, Abbott, Skytower Global Investments, MP Materials, and Albemarle.

Talks focused on joint investment, mining collaboration, technology transfer, and localizing advanced industries in the Kingdom.

鈥淭his visit reaffirms the ministry鈥檚 commitment to building global partnerships, attracting high-quality investments, and diversifying the Saudi economy in alignment with Vision 2030,鈥 SPA reported, adding that the engagements are expected to boost knowledge transfer, foster sustainable growth, and expand bilateral trade and investment.

Alkhorayef also visited Albemarle Corp.鈥檚 Kings Mountain lithium mine in North Carolina, a key site in North America鈥檚 critical minerals strategy with planned output sufficient to power 1.2 million electric vehicles annually by 2030. He discussed technology transfer, joint ventures, and expertise exchange in lithium extraction and processing with Albemarle Chairman and CEO Kent Masters.

鈥淒uring my visit to Albemarle, a global leader in lithium production, I learned about their expertise in this strategic resource and met with their leadership to enhance cooperation, transfer knowledge, and build strategic partnerships that strengthen the Kingdom鈥檚 position in this vital mineral, which forms the cornerstone of the clean energy future,鈥 Alkhorayef wrote in a separate post.

The minister met Honeywell Chairman and CEO Vimal Kapur on Aug. 29 to discuss expanding cooperation in advanced manufacturing, industrial automation, and smart city development. 

The talks emphasized applying global best practices in digital industrial infrastructure and the role of smart technologies in modernizing the Saudi industry.

The meeting also examined joint investment in smart industrial solutions, advanced automation systems, and Internet of Things networks. It provided insights into 萝莉视频鈥檚 Future Factories Program, which aims to transform 4,000 facilities through automation and Fourth Industrial Revolution technologies to boost efficiency and reduce costs.

Alkhorayef toured Honeywell鈥檚 technology exhibition, reviewing innovations in smart city systems, digital industrial solutions, and products deployed across more than 80 markets.

With the Kingdom looking to become a leading player in the global lithium market by 2027, the country is investing in new extraction technologies and accelerating plans to localize EV production and renewable energy supply chains. 

Lithium is central to the Kingdom鈥檚 goal of producing 300,000 EVs annually by 2030. In 2024, it achieved a milestone by extracting lithium from brine water in oil fields, a breakthrough sustainable source.

Alkhorayef鈥檚 US visit centered on building strategic partnerships to transfer technologies for mineral extraction and processing. Meetings with leading lithium producers and US officials, including Wright, followed a memorandum of cooperation on critical minerals signed in May.


S&P maintains Jordan鈥檚 credit rating at 鈥楤B-鈥

S&P maintains Jordan鈥檚 credit rating at 鈥楤B-鈥
Updated 31 August 2025

S&P maintains Jordan鈥檚 credit rating at 鈥楤B-鈥

S&P maintains Jordan鈥檚 credit rating at 鈥楤B-鈥
  • IMF-backed programs aim to cut debt and boost resilience

RIYADH: Jordan has maintained its long-term sovereign credit rating at 鈥淏B-鈥 with a stable outlook, according to S&P Global, underscoring the country鈥檚 resilience despite heightened regional security challenges.

In its latest assessment, the US-based ratings agency attributed the decision to Jordan鈥檚 macroeconomic stability, steady progress on financial and structural reforms, and continued international support, the state-run Petra news agency reported.

The outlook is further reinforced by improving fiscal performance. Official data show domestic revenues climbed 3.6 percent in the first half of 2025 to 4.67 billion dinars ($6.59 billion), supported by government measures to bolster public finances.

This increase of about 164.7 million dinars coincided with a reduction in public debt, which fell to 35.3 billion dinars, or 90.9 percent of gross domestic product, down from 92.7 percent in May, according to Central Bank of Jordan figures.

S&P expects Jordan鈥檚 economy to expand 2.6 percent in 2025, aided by a rebound in the travel and tourism industry, shifting regional dynamics, and a gradual pickup in trade with Syria and Iraq.

Growth is projected to accelerate to 3 percent in 2026 and 3.1 percent in 2027. The agency also forecasts the consolidated budget deficit will narrow from 2.8 percent of GDP in 2024 to 2.4 percent in 2025, with the debt-to-GDP ratio on a downward path over the medium term.

The agency noted that the Jordanian dinar鈥檚 peg to the US dollar has been instrumental in controlling inflation and maintaining monetary stability. Inflation is expected to hover around 2 percent in 2025, staying within manageable levels.

Finance Minister Abdul Hakim Al-Shibli has reiterated the government鈥檚 commitment to lowering the public debt ratio to 80 percent of GDP by 2028 under an IMF-backed reform program. He said the plan is designed to reinforce fiscal and economic stability, support sustainable growth, and protect citizens from additional financial burdens.

Jordan鈥檚 reform drive has gained momentum following the IMF鈥檚 completion of the third review of its Extended Fund Facility in June.

At the same time, the fund approved a new 48-month, $700 million Resilience and Sustainability Facility, aimed at boosting long-term resilience in the energy, water, and health sectors while advancing climate and pandemic preparedness.


Saudi non-listed corporate debt jumps over 500% as investors diversify

Saudi non-listed corporate debt jumps over 500% as investors diversify
Updated 58 min 16 sec ago

Saudi non-listed corporate debt jumps over 500% as investors diversify

Saudi non-listed corporate debt jumps over 500% as investors diversify
  • Traded government debt instruments climbed 132.4% to SR15.60 billion
  • Foreign investment in Saudi financial market grew 1.65% to SR481.8 billion

RIYADH: 萝莉视频鈥檚 debt instruments market rose in the second quarter of the year, led by non-listed corporate debt, which jumped 513.8 percent year on year to SR1.2 billion ($320 million) from roughly SR200 million. 
According to the Capital Market Authority鈥檚 quarterly statistical bulletin, traded government debt instruments climbed 132.4 percent to SR15.60 billion, compared to SR6.72 billion in the same period of 2024.
This comes as the CMA continues to introduce new investment products and structural reforms to diversify investor portfolios beyond equities. The regulator also published a consultation proposing a framework for special purpose acquisition companies on Nomu, the Kingdom鈥檚 parallel market, to facilitate private sector listings and expand investment vehicle options. 
鈥淭he Saudi financial market posted positive performance across a number of investment instruments by the end of the second quarter of 2025, as investors moved toward diversifying their portfolios and investment products, and not limiting themselves to equities alone, in an effort to maximize returns and reduce risks,鈥 the CMA said. 
Individual investment portfolios in the main market rose 11.95 percent to SR13.91 million, while the number of individual investors holding these portfolios increased 6.7 percent to SR6.90 million. Managed portfolios climbed 29.5 percent to 103,630, with total assets up 9 percent to SR352.60 billion. 
These figures 鈥渞eflect the expansion of the individual investor base and the increasing engagement with the diverse investment instruments available in the capital market,鈥 the CMA said. 
Foreign investment in the Saudi financial market grew 1.65 percent year on year to SR481.8 billion, with foreign assets held by clients at financial institutions rising from SR21.3 billion in the first quarter to SR26.1 billion in the second quarter. 
鈥淭he increases seen in foreign markets, particularly the recent rise in the US market, were among the main reasons for the increase in asset values, as the S&P 500 index rose by more than 10 percent in the second quarter,鈥 the authority added. 
The investment funds sector also posted strong gains. The number of funds rose 24.8 percent to 1,735, with total assets up 27.8 percent to SR781.41 billion. Subscribers climbed 30.16 percent to over 1.76 million, the highest in history, and real estate funds accounted for 31.6 percent of public subscribers and 71 percent of private subscribers. 
Listed corporate debt instruments rose 13.3 percent in traded value to SR426 million. New non-listed corporate debt issuances jumped 94.37 percent to SR3.01 billion, while outstanding issuances climbed 16.2 percent to SR124.87 billion. 
鈥淭he results confirm the strength of the Saudi capital market and its investment appeal, as the Capital Market Authority continues to develop its systems and enhance its legislative and regulatory framework in line with international best practices,鈥 the authority said.  
鈥淭his enhances the market鈥檚 ability to attract domestic and foreign investors and supports the diversification of investment instruments, contributing to economic growth targets in line with Saudi Vision 2030,鈥 it added.


Turkiye to hold 5G tender on Oct. 16, service to be available in April 2026, minister says

Turkiye to hold 5G tender on Oct. 16, service to be available in April 2026, minister says
Updated 31 August 2025

Turkiye to hold 5G tender on Oct. 16, service to be available in April 2026, minister says

Turkiye to hold 5G tender on Oct. 16, service to be available in April 2026, minister says

ANKARA: Turkiye will launch a long-awaited 5G frequency tender on Oct. 16, and mobile operators will start providing 5G services in April 2026, the transport and infrastructure minister said on Sunday.

Mobile operators currently holding GSM and 4.5G licenses can participate, Abdulkadir Uraloglu said in a statement, meaning government-controlled Turkcell and Turk Telekom, along with Vodafone鈥檚 Turkish unit, can all take part. 鈥淲e will hold the 5G tender on Oct. 16 and our mobile operators will start offering 5G services as of April 1, 2026,鈥 he said.

鈥淎 total of 11 different frequency packages will be allocated to operators through the tender, which will be held at a minimum value of $2.125 billion for a total of 400 MHz of frequency in the 700 MHz and 3.5 GHz frequency bands,鈥 Uraloglu said.

The tender specifications have been published in the Official Gazette, Uraloglu said.

Existing mobile network licenses will expire in 2029, and operators鈥 infrastructure and services will be subject to a new authorization regime to be offered under a new tender, he added.

鈥淔rom this date (2029) on, our operators will be obligated to pay 5 percent of their annual revenues to Information and Communication Technologies Authority (BTK). The authorization period will be valid until 31 December 2042,鈥 he said.


Mada drives Saudi e-commerce with 72% surge to $7bn in June聽

Mada drives Saudi e-commerce with 72% surge to $7bn in June聽
Updated 31 August 2025

Mada drives Saudi e-commerce with 72% surge to $7bn in June聽

Mada drives Saudi e-commerce with 72% surge to $7bn in June聽

RIYADH: E-commerce spending in 萝莉视频 via Mada cards rose 72 percent year on year to SR25.97 billion ($6.93 billion) in June, underscoring the Kingdom鈥檚 accelerating shift to cashless retail. 

According to data by the Saudi Central Bank, also known as SAMA, the number of online payments also jumped, rising 59.4 percent to 141.55 million transactions across shopping websites, in-app purchases, and e-wallets. 

These figures exclude transactions completed on international credit card schemes such as Visa and Mastercard, highlighting the scale of domestic rails in powering the digital economy. 

Mada, the national payments scheme operated by Saudi Payments, a SAMA-owned entity, connects banks, ATMs and point-of-sale terminals, and underpins debit cards issued by local banks, making it the backbone of everyday spending and online checkout. Its deep integration across the banking system and payment gateways enables swift, secure processing for in-store and e-commerce purchases, complementing global schemes. 

This push is part of the Kingdom鈥檚 Vision 2030 drive to become a largely cashless society, raising the share of electronic retail payments and embedding trusted local rails across everyday commerce. Saudi authorities are also upgrading the rails behind the checkout button. 

Earlier this summer, SAMA launched a new e-commerce payments interface that lets providers rely on national infrastructure while integrating Mada with international networks, aimed at improving speed and security for merchants and consumers.  

In May, regulators reported near-universal connectivity: CST鈥檚 Saudi Internet Report showed 99 percent of residents are online and 93 percent of e-commerce purchases are made on local websites. 

The report also highlighted 萝莉视频鈥檚 global edge on network metrics, with average mobile data use reaching 48 gigabytes per person per month, about three times the global average. 

On the rails side, Mastercard has built local e-commerce processing infrastructure in the Kingdom, keeping transactions in-country and supporting faster, more secure checkout. 

Together, these signals point to a larger, more reliable online market in which Mada-enabled checkout, quick delivery, and easy returns are becoming the norm.  

A February PwC read on the Kingdom鈥檚 retail landscape highlighted how 萝莉视频鈥檚 young, empowered and tech-oriented consumers are reshaping demand. 

PwC鈥檚 Voice of the Consumer 2024 survey for 萝莉视频 showed rising expectations around sustainability, digital innovation, and health, with data privacy a core concern and a growing appetite for artificial intelligence-enabled shopping tools. 

Trust was highest in healthcare and aviation at eight out of 10, driven by strong data protection at 86 percent, fair treatment of employees at 80 percent, and consistent, high-quality service at 80 percent. 

Inflation remained a key worry for 36 percent, yet eco-consciousness is strengthening: About 45 percent actively seek eco-friendly products, and roughly 18 percent would pay 11 to 20 percent more for locally sourced or recycled goods. 

Shoppers are pragmatically open to technology, valuing fast chatbot support, while still wanting in-store experiences enhanced by contactless and self-checkout. 

That consumer profile dovetails with macro confidence among executives: 77 percent of Saudi CEOs were positive on the near-term economic outlook, according to PwC鈥檚 28th Annual CEO Survey, supporting continued investment in digital commerce and customer experience. 

Partnerships are scaling logistics and payments capacity. In July, Maersk and Saudi Post signed a strategic partnership to knit together cross-border logistics with local last-mile networks, streamlining fulfillment, customs clearance and delivery for merchants entering 萝莉视频 and the wider Gulf Cooperation Council. 

DHL e-commerce expanded into the Kingdom by taking a stake in AJEX, adding domestic parcel capacity as volumes rise. And to sharpen policy and measurement, 萝莉视频 committed $1.4 million to UNCTAD to improve official statistics on e-commerce and the digital economy. 

On the checkout side, Amazon Payment Services added Tamara as a Buy Now, Pay Later partner across 萝莉视频 and the UAE, broadening flexible payment options that often lift conversion at online merchants. 

For merchants and investors, the opportunity lies in converting demand into repeatable scale. On the front end, that means optimizing mobile journeys, localized payment options, and transparent data-privacy practices that build trust with digitally sophisticated consumers.