Major stock markets in the Gulf put in a mixed performance on Tuesday as investors turned cautious ahead of the U.S. Federal Reserve's interest rate decision and commentary.
The operator of fitness centers in the Middle East and north Africa, Leejam posted a 22.9% rise in fourth-quarter net profit © Mena Today
Major stock markets in the Gulf put in a mixed performance on Tuesday as investors turned cautious ahead of the U.S. Federal Reserve's interest rate decision and commentary.
Saudi Arabia's benchmark index was up for a sixth straight session and ended 0.3% higher, with rising 1.7% and oil major Saudi Aramco gaining 1%.
Among other gainers, Leejam Sports surged 8.1%, hitting its all-time high of 243 riyal a share.
The operator of fitness centers in the Middle East and north Africa, Leejam posted a 22.9% rise in fourth-quarter net profit and raised its quarterly cash dividend by 20%.
The Fed is widely expected to hold rates steady in a meeting on Wednesday, with the market's attention on policymakers’ updated economic and interest rate projections and comments from Chair Jerome Powell.
Syria has signed a contract with American energy giant ConocoPhillips and Novaterra Energy to develop several gas fields and boost production at existing ones, state media reported Tuesday, the latest in a series of major energy agreements as Damascus seeks to rebuild its war-ravaged infrastructure.
Five years of relentless upheaval have left Israel's tourism sector in ruins. The Covid pandemic, the October 7, 2023 massacres, the 2025 offensive against Iran and the renewed conflict in 2026 have delivered blow after blow to an industry that once welcomed millions of visitors annually.
Saudi Arabia's Future Investment Initiative (FII) Institute has appointed Princess Maha Al Saud as its new chief executive, marking a significant leadership transition at one of the world's most high-profile investment summits.
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