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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
RIYADH: Saudi Arabia’s total non-oil merchandise exports to Gulf Cooperation Council countries reached SR10.99 billion ($2.9 billion) in May, a significant increase from SR8.43 billion in the same month last year.
Any PMI reading above 50 indicates growth in the non-oil sector, while readings below 50 signal contraction
The Nikkei plunged 12.4%, ending the day in Tokyo at 31,341.29. The loss of 4,451.28 points on the index was also the largest in terms of points in its entire history
RIYADH: Saudi utility giant ACWA Power reported a 35.46 percent increase in net profit for the first half of 2024, reaching SR926.79 million ($246.88 million), compared to the same period last year.
The Bank of Russia set the official dollar rate of 87.7024 rubles for August 3-5, down eight kopecks against the previous indicator.
Consumers often pay using a QR code, via Mir Pay and SBPay apps, using the NFC technology or biometric data
Mideast Discourse is a news website specialised on the latest events and developments in the Middle East and the world, and it is in Both languages Arabic and English.
