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FIFA has unveiled an innovative player performance evaluation system for the 2026 World Cup, utilizing data and artificial intelligence to enhance fan experience. This new approach aims to provide a more objective assessment of players' performances after each match.
The CEO of Aramco has warned that the closure of the Strait of Hormuz is causing a global loss estimated at <strong>100 million barrels</strong> of oil weekly, exacerbating supply shortages. This news comes amid rising tensions in the region due to ongoing conflicts.
Saudi Aramco announced a net profit of <strong>82.1 billion Saudi Riyals</strong> in the first quarter of 2023, marking a <strong>25%</strong> increase compared to the same period last year. This performance reflects the company's strong position amid rising global oil prices.
Luberef, a subsidiary of Saudi Aramco, recorded a net profit of <strong>258 million SAR</strong> (approximately <strong>68.5 million USD</strong>) in the first quarter of this year, marking a <strong>16.4%</strong> increase compared to the same period last year.
The Saudi stock market opened the week with a notable increase, as the main index 'TASI' surpassed 11,000 points, supported by robust profits from Aramco. This comes at a time when investors are awaiting Iran's response to the U.S. proposal to end regional conflicts.
The Saudi market index, TASI, has regained its strength, reaching the significant level of 11,000 points, supported by strong performances from Aramco and Aqua. This recovery reflects improved investor sentiment amid positive economic forecasts.
The Saudi stock market index (TASI) closed on Tuesday with a slight increase of 0.1%, reaching 11,180 points, amid trading worth 5.3 billion riyals. Aramco's shares rose by 0.7% to reach 27.46 riyals.
Saudi Arabia has successfully restored its full oil pumping capacity through the East-West pipeline following recent attacks, reinforcing its position as a reliable global energy supplier. The Kingdom demonstrated exceptional readiness and a high response rate in managing the crisis's aftermath.
The Saudi stock market index (TASI) closed on Sunday with a decline of 28.5 points, equivalent to 0.25%, reaching 11314.6 points amid trading valued at 3.4 billion riyals. This drop occurs during a period of notable market volatility.
The Saudi Ministry of Energy announced today the successful restoration of operational capacity for the East-West pipeline after it was attacked, enhancing supply reliability. The operational and technical efforts have resulted in restoring full pumping capacity of approximately <strong>7 million barrels per day</strong>.
Saudi Aramco has inaugurated the Innovation Oasis in Khobar, aimed at enhancing future skills and developing the capabilities of youth in technology and innovation. This initiative marks a significant step towards achieving the Kingdom's Vision 2030.
The Saudi stock market index (TASI) experienced a slight increase of 0.3%, reaching 11,287 points, with liquidity recorded at 2 billion Saudi Riyals.
The Saudi financial market index, TASI, recorded a significant increase today, bolstered by strong performances from Aramco and Al Rajhi. This rise reflects investor optimism in the market.
Bloomberg forecasts that Saudi Aramco will raise its oil prices for buyers in May amid ongoing tensions in the Strait of Hormuz, a vital artery for global oil trade.