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Saudi Main Index Dips, Parallel Market Soars at Closing Bell

RIYADH: Saudi Arabia’s Tadawul All Share Index slipped slightly on Thursday as it shed 16.89 points, or 0.15 percent, to close at 11,516.14. The total trading turnover of the benchmark index was SR9.25 billion ($2.47 billion), as 89 stocks advanced, while 116 retracted. The Kingdom’s parallel equity market, Nomu, continued its spectacular performance for the third consecutive day as it soared 2,048.72 points, or 8.21 percent, to reach 26,977.60. The MSCI Tadawul Index, however, dropped 0.05 percent to close at 1,518.74.
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Jeddah Port’s Islamic Container Volume Soars by 25% in April: Mawani

RIYADH: Improved operational capabilities at Jeddah Islamic Port led to a 25.07 percent surge in container throughput during April, according to a statement released by the General Authority for Ports, also known as Mawani.  The total number of containers handled reached 465,438, up from the 372,064 recorded in April 2022.  This rise came as Mawani further ramped up its infrastructure at Saudi ports while ensuring supply chain reliability.  It also cements the authority’s efforts to facilitate import, export and maritime trade operations. 
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Tunisia Recovers 41 Bodies of Drowned Refugees

Morgues and hospitals in city of Sfax are full, officials say, as the death toll from refugee shipwrecks soars.
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Argentina’s Inflation Reaches 104.3% and Causes Strain

One of the highest rates in the world is straining wallets putting pressure on government ahead of October elections.
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First Residents BancShares Soars Pre-Market on Silicon Valley Deal

Stocks of First residents BancShares Inc. surged 20% in premarket buying and selling Monday after the bank protecting…
Business

Aramco’s 2022 Income Soars to $161B

Saudi Arabia’s country-controlled oil massive Aramco on Sunday stated a record internet profit of $161.1 billion for 2022…

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US to block proposed Gaza ceasefire resolution at UN

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US says it would veto Algerian draft resolution at the UN Security Council urging 'immediate humanitarian ceasefire'.

Indonesia State Apparatus Prepares to Elect Notorious General | TOME

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With a vote looming, the government is working to install Prabowo, one of the former dictator Suharto’s top commanders and a longtime U.S. protégé.

The post Indonesia State Apparatus Is Preparing to Throw Election to a Notorious Massacre General appeared first on The Intercept.

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Man Confronts Neo-Nazis in Nashville | TOME

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A man confronted suspected members of the white supremacist group ‘Blood Tribe’ as he filmed them doing the Nazi salute.

UN Court to Consider Israel Occupation Consequences

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THE HAGUE: The UN’s top court will from Monday hold hearings on the legal consequences of Israel’s occupation of Palestinian territories since 1967, with an unprecedented 52 countries expected to give evidence. Nations including the United States, Russia, and China will address judges in a week-long session at the Peace Palace in The Hague, seat of the International Court of Justice (ICJ).

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South Korea Aims to Become Halal Powerhouse, Embracing Pork and Booze | TOME

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The East Asian country is setting its sights on the global halal industry after taking film, TV and pop music by storm.

Carmakers Face Uighur Forced Labor Risk in China, Warns HRW

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Top brands such as General Motors, Toyota and Volkswagen not doing enough to track their supply chains, report says.

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