Abu Dhabi’s CPI down 08% in first 11 months: SCAD

ABU DHABI: Abu Dhabi’s Consumer Price Index (CPI) decreased by 0.8 per cent during the period January to November 2019 compared with the same period of 2018, as the index reached 110.8 per cent for the same period in 2019, while it was 111.7 per cent for the corresponding period of 2018, according to Statistics […]

Aramco shares gain 4.5 per cent on day after record debut

Dubai: Shares of Saudi Aramco surged for a second day after a historic market debut, helping the kingdom briefly meet its long-sought $2 trillion valuation goal before closing on a not-so-high note. The oil colossus had a record-setting market debut on Wednesday, rising to 35.2 Saudi riyals from the price set at 32, recording a […]

UPDATE: Oil colossus Saudi Aramco now worth $2 trillion

Dubai: Shares of Saudi Aramco surged for a second day, overtaking the kingdom’s long-sought $2 trillion valuation mark. The oil colossus had a record-setting market debut on Wednesday, opening and ending up at the maximum permitted 10 per cent at 35.2 Saudi riyals ($9.39) on the local Tadawul stock exchange. This was above the set […]