Al Moammar Information Systems Secures Strategic SAR 114 Million Contract with Saudi Central Bank
Al Moammar Information Systems won a SAR 114M, 3-year IT contract with Saudi Central Bank, boosting its role in Saudi fintech growth.
Saudi Cable Company Secures Approval to Pay SAR 155 Million Zakat Dues in Installments Over 9 Years
Saudi Cable Co. will pay SAR 155M zakat dues in 36 installments over 9 years, easing cash strain but adding long-term financial obligations.
Kuwait Stock Exchange Opens Higher, Supported by Premier Market and Oil Prices
Kuwait Stock Exchange opened higher, led by Premier Market gains and rising oil prices; most indices and blue-chip stocks advanced.
Dubai and Abu Dhabi Stock Markets Open with Mixed Performance, Focus on Blue Chips
Dubai, Abu Dhabi stocks open mixed; blue chips active, real estate dips. Investors focus on select stocks amid cautious sentiment.
Copper Holds Near 5-Month Highs Supported by Strong US Economy and Supply Constraints
Copper prices near 5-month highs on strong US growth, tight supply, and smelter cuts; long-term demand remains robust amid industrial shifts.
Silver Hits All-Time High Above $72 per Ounce, Up Nearly 150% Year-to-Date
Silver hit a record $72/oz, up 149% YTD, driven by rate cut bets, supply deficit, rising demand, and geopolitical tensions.
Australian Stocks Drop After Central Bank Minutes: Rate Hike Concerns Pressure Banks Despite Mining Support
Australian stocks fell 0.5% after RBA minutes signaled possible rate hikes; banks dropped, mining stocks rose on strong commodity prices.
RBA Minutes Reveal Potential Rate Hike Discussions Amid Ongoing Inflation Pressures
RBA minutes show possible future rate hikes if inflation persists, stressing data dependence and caution against early easing; markets react hawkishly
Hong Kong Shares Edge Up Ahead of Early Close, Supported by Wall Street and Anticipation of Chinese Property Policies
Hong Kong stocks edged up 0.2% on US gains, China property hopes, but gains were capped by local data and early Christmas Eve close.
Oil Holds Five-Day Gains Near Two-Week High on Geopolitical Tensions
Oil prices hold near two-week highs on Venezuela, Russia-Ukraine tensions, but gains capped by rising US inventories and supply forecasts.
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