ARABTEC SHAREHOLDERS ON VERGE OF LIQUIDATING FIRM

HIGHLIGHTS

• Arabtec Holding investors have approved the leading group of the Dubai-construction organization to file a petition for liquidation because of its unsound budgetary position following the aftermath from the COVID pandemic, an inward organization email...

The OPEC deal results in Saudi stocks going up

Since OPEC and its allies decided to extend the production cuts by 500,000 barrels a day to boost oil prices, the Saudi stock market rose strongly on Sunday, led by bank shares. On Friday, Saudi Arabia led the OPEC+ Group, which in a decade is seeking to avert over-supply and increase prices, wil...