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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
MOSCOW, May 6. /TASS/. The dollar exchange rate has rosen by 5 kopecks since last close, with the greenback trading at 91.65 rubles on the Moscow Exchange at the start of trading on Monday.
RIYADH: Saudi-based fintech Rasan Information Technology Co. is set to offer 22.74 million shares for an initial public offering on the Kingdom’s main market.
Kuwait – The decrease in oil prices led to a 10% decline in Kuwait’s trade surplus value in January compared to the same period last year, dropping from 1.2 billion dinars to 1.1 billion dinars, reports Al- Qabas daily.
The report expected the country’s reserves to rise further by $2.60 billion in FY25/26 Egypt’s…
Kuwait’s economic growth (real GDP) projection for 2024 was revised by the World Bank to 2.8% y/y, higher than the 2.6% y/y forecasted earlier in January 2024 owing to expectations of phasing out of OPEC+ production cuts, according to Kuwait Financial Centre (Markaz).
The revision reflects reduced external risks for Egypt. Fitch cited the recent investment deal with the United Arab Emirates (UAE)
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