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Stocks and Markets
Saudi Arabia’s Industrial Production Index rose 1.6 percent in July, compared to the same month last year, driven by a surge in manufacturing activity
The non-oil sector, which expanded by 9.1% yet marginally down from 9.2% in 2022, was the main factor behind the 3.1% growth and was offset by a weaker performance from the oil sector
SINGAPORE: Oil prices steadied on Wednesday as investors eyed concerns around crude and fuel supplies, following Ukrainian attacks on Russian refineries and the potential for a widening of the Israel-Hamas war to more directly include Iran.
Russia’s government and businesses have been steadily reducing the amount of money they owe to foreign lenders, the latest official data suggests.
BENGALURU: Global road oil demand will rise 5 percent to a peak of 50 million barrels per day by 2032, Goldman Sachs forecasts, with oil use per vehicle likely to fall sharply because electric vehicles are expected to account for more than half of auto sales by 2040, according to Reuters.
Dubai’s benchmark index rose for a fourth consecutive session and ended 0.1% higher, lifted by…
Trading volume on the stock market over the same period increased by 40% and reached 4.5 trillion rubles ($48.97 bln)
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