Day: May 7, 2023

Saudi Stock Exchange’s main index ended trading higher today, gaining 137.88 points to close at 11,256.65 points.

The total value of trading reported was SAR 4.9 billion, while the total number of shares traded was 184 million.

The Saudi Parallel Market Index (NOMU) ended the day by gaining 198.80 points to close at 21,094.37 points, with a valuation of SAR 24 million and an overall tally of more than 420,000 stocks.

Source: Saudi Press Agency

The Attorney General of Saudi Arabia, Sheikh Saud bin Abdullah Al-Mujib, held a meeting today with the Attorney General of the Somali Republic, Sulayman Mohamed Mohamoud, and his accompanying delegation at his office.

During the meeting, they discussed several issues of common interest and explored ways to enhance cooperation between the Kingdom of Saudi Arabia and the Republic of Somalia in the field of justice, as well as ways to develop it across all areas.

The Somali Attorney General was also introduced to the Saudi Public Prosecution, including its technical advancements in dealing with legal procedures, indicators of technical penal performance, and the qualitative initiatives that distinguish it in the Kingdom

Source: Saudi Press Agency

The Saudi Amateur Radio Society has announced the completion of preparations for launching the largest radio telescope in the Middle East. The telescope, which has a diameter of 20 meters, is located in the city of Hail, Saudi Arabia, and all relevant work has been completed. It is now undergoing calibration and testing before being linked to the society’s radio telescope system.

The national project was created at the Mashar Park astronomical observatory site in Hail, which is over 3,000 years old and serves as a reference point for Saudi universities and researchers in the field. His Highness Prince Bader bin Fahad bin Faisal, Chairman of the Saudi Amateur Radio Society, stated that this Middle Eastern project was established in cooperation with the society’s strategic partner, the Hail Municipality. It is in line with the Kingdom’s Vision 2030 and is under the supervision of the Minister of Municipal and Village Affairs and Housing.

The chairman emphasized the Kingdom’s commitment to achieving the goals of sustainable development, enabling digital transformation, building a digital society, and establishing digital platforms to enhance interaction and community engagement. All these efforts contribute to improving industry development, boosting competitiveness, having a positive impact on the economic situation, generating jobs, providing better services to beneficiaries, and creating a digital homeland by attracting local and global investments and partnerships in the fields of technology and innovation

Source: Saudi Press Agency

At the headquarters of the International Centre for Electronic Navigational Charts (IC-ENC) in Taunton, UK, the General Authority for Survey and Geospatial Information (GASGI) unveiled 16 electronic navigational charts (ENC) from a series of charts produced in the Red Sea, the Gulf of Aqaba and the Arabian Gulf to support the economy, development, and safe navigation in Saudi marine waters.

The Authority had concluded a cooperation agreement with the IC-ENC to publish ENC and support maritime traffic safety in the Kingdom.

Through the publication of ENC, The Kingdom, represented by GASGI, through its membership in the IC-ENC, aims to support safe navigation in Saudi maritime areas and enforce maritime agreements, codes and protocols issued by international organizations. The Kingdom also aims to improve levels of maritime safety and security (human and material), conserve the marine environment, sustain fishing activities, and support the economy in achieving the strategic objectives of preparing and developing the hydrographic survey sector and the national spatial data infrastructure and making the sector attractive for investment.

The Geospatial Authority works on publishing approximately 100 ENC in the Red Sea, Gulf of Aqaba and the Arabian Gulf, in accordance with the standards and specifications of the International Hydrographic Organization (IHO) and the International Maritime Organization (IMO) for various navigational purposes in the high seas and coastal areas as a first step to invest in marine data.

The ENC provides a database, standardized as to content, structure, and format, issued for use with Electronic Chart Display and Information Systems (ECDIS) on the authority of government hydrographic offices.

The ENC contains all the chart information necessary for safe navigation and may contain supplementary information in addition to that contained in the paper chart, which may be considered necessary for safe navigation.

Source: Saudi Press Agency

Canadian authorities declared Sunday a provincial state of emergency in Alberta after raging wildfires that forced about 25,000 residents to evacuate.

“We have declared a state of emergency in the province to preserve the safety, health, and safety of Albertans,” Alberta Premier Danielle Smith told a news conference. It is reported that about 122,000 hectares of land were burned, and 20 towns were evacuated.

Smith explained that this Canadian province, which is one of the largest oil producers in the world, “has been experiencing a hot, dry spring and with so much kindling, all it takes is a few sparks to ignite some truly frightening wildfires.” All of these factors combined led to an unprecedented situation that our province faces today, she added.

Smith said the state of emergency gives the county government “more powers to respond to extreme situations,” including mobilizing additional capacity and releasing emergency funds.

The Canadian authorities have asked thousands of residents to prepare to leave at any time due to the continuous wildfires fueled by strong winds since Friday.

Source: Qatar News Agency

Qatar Stock Exchange (QSE) general index rose on Sunday by 33.11 points, or 0.31 percent, to reach 10,673.01 points.

During today’s session, 244,848,373 shares were traded, with a value of QR 534,241,660,731 as a result of the implementation of 14,557 deals in all sectors.

Shares of 26 companies rose in the session, while the prices of 20 other companies decreased. Two companies maintained their previous closing price.

The market capitalization, at the end of the trading session, amounted to QR 624,702,765,866.990 compared to QR622,635,15,485.840 in the previous session.

Source: Qatar News Agency