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Saudi stocks started Tuesday slightly lower as investors kept an eye on the market in the face of high oil prices and inflation. Saudi Arabia’s main index, TASI, started 0.16 percent lower at 11,537, while the parallel market, Nomu,…
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Saudi Jarir Marketing Co., known as Jarir Bookstore, saw its profits drop by 6 percent during the first half of 2022, on the back of lower sales. The company’s net profit dropped to SR428.5 million ($114 million), compared to SR456.9…
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Gold prices inched lower on Thursday as the dollar recovered slightly after a large but widely expected interest rate hike by the US central bank sent the currency tumbling in the previous session. Spot gold fell 0.1 percent to $1,831.63…
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US stocks closed lower on Tuesday due to concerns over rising commodity prices and a labor shortage. This came despite assurances from the US Federal Reserve that price increases in the short term may turn into inflation in the long…
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