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.
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.
Saudi Arabia launched Riyadh Air on Wednesday, with its inaugural flight departing King Khalid International Airport at 2:35am bound for London Heathrow, marking the culmination of more than four years of preparation and a bold challenge to Gulf aviation giants Emirates, Qatar Airways and Etihad.
France's telecoms landscape is being redrawn. On June 6, Bouygues Telecom, Free and Orange signed an agreement with Altice France to acquire SFR, the operator controlled by Patrick Drahi, in a deal valuing the company at €20.35 billion.
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