The news, anew
Saudi stocks closed higher on Monday, recovering some of the losses sustained in the previous session as heavyweight shares strengthened and the banking sector advanced. The benchmark Tadawul All Share Index (TASI) rose 0.90% to close at 10,106 points, gaining 90 points. Total trading value reached approximately SAR 3.5 billion ($933 million). The index had fallen 0.8% on Sunday amid selling pressure on heavyweight stocks.
Business
The General Authority for the Care of the Affairs of the Grand Mosque and the Prophet's Mosque, in partnership with the Nusuk Humanitarian Foundation, has opened applications for food production and supply companies for a tender for the supply of iftar meals for fasting worshippers at the Grand Mosque in Makkah and the Prophet's Mosque in Madinah during Ramadan 1448 AH.
Business
The Ministry of Commerce announced the recall of 2,371 Kia K8 vehicles, model years 2022–2025, due to the possibility of a loose fuel supply pipe nut, which could cause fuel leakage and increase the risk of fire.
Business
The inaugural event also delivered more than 100 strategic announcements, bringing together 1,000 speakers across 85 side events as Dubai strengthens its position as a global financial hub
