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Mideast Stocks-Saudi continues sliding, most other Gulf bourses firm

2015-10-26 02:32:25| Chemicals - Topix.net

The Saudi stock index edged up in early trade but soon resumed falling and closed down 1.4 percent, bringing its losses over four trading days to 6.7 percent. Leading petrochemical producer Saudi Basic Industries , its margins squeezed by low oil prices and facing the possibility that the government could raise gas prices to save money, fell 2.7 percent.

Tags: firm continues gulf sliding

Mideast Stocks-Petrochemicals boost Saudi; other markets sluggish

2015-10-11 17:13:27| Chemicals - Topix.net

Brent oil's strong recovery above $50 a barrel last week made investors more comfortable with petrochemical stocks. Sector leader Saudi Basic Industries climbed 3.2 percent to 89.25 riyals on Sunday, while four other stocks in sector were also among the 10 most-traded stocks and saw their prices surge.

Tags: markets saudi boost mideast

Telecoms to seek new talent in Mideast, Latin America, Asia

2015-09-09 19:57:50| Telecom - Topix.net

Four of the world's biggest telecom firms - Orange, Telefonica, Singtel, and Deutsche Telekom - are teaming up to seek out new start-up talent in the Middle East, Latin America, and Asia. In a gala announcement in Tel Aviv Monday, Nathalie Boulanger, director of the Orange Start-up Ecosystem, said that her company "had extensive experience working hand-in-glove with start-ups across the world, Orange sees the formation of global partnerships such as this as the critical next step to ensure that digital innovators continue to flourish.

Tags: america asia seek latin

Mideast Stocks-Saudi Arabia surges, boosted by stronger oil

2015-08-30 23:54:02| Chemicals - Topix.net

Aug 30 Saudi Arabia's stock market continued its sharp rebound in early trade on Sunday as stronger oil prices lifted shares in the petrochemical sector. The kingdom's main stock index jumped 4.2 percent in the opening minutes and petrochemicals giant Saudi Basic Industries rose 6.5 percent.

Tags: oil arabia stronger boosted