Tag Archives: Arabian

Saudi Arabian Stocks Tumble as Oil, Rates Roil Mideast Equities

Saudi Arabian Stocks Tumble as Oil, Rates Roil Mideast Equities

(Bloomberg) — Most Read from Bloomberg Saudi Arabian shares closed at the lowest level in about six months, leading declines in Middle East markets, following the global sell-off last week and oil’s plunge on Friday. The Tadawul All Share Index dropped 4.4% at close, with the index posting its longest losing streak since 2020. Aramco fell 4% to the lowest since March 15. Still, the state-controlled oil firm is the world’s biggest listed entity with a market value of $2.17 trillion compared… Source link

Read More »

USS Monterey intercepts arms shipment in Arabian Sea

In a video released by the U.S. Navy, the USS Monterey is seen intercepting a ship. They seized nearly 3,000 assault rifles, hundreds of heavy machine guns, sniper rifles, rocket propelled grenade launchers, and dozens of Russian-made anti-tank guided missiles. U.S. officials are currently investigating where the weapons haul originated and where it was going. Source link

Read More »