March 3, 2024

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Saudi Arabia Stocks Close Lower, Led by Real Estate and Financial Sectors

Saudi Arabia Stocks Close Lower, Led by Real Estate and Financial Sectors

by EDITORIAL TEAM
1 year ago

Key Points: Saudi Arabia stocks closed lower, with the Tadawul All Share index falling by 0.60%. Al-Rajhi Cooperative Insurance, Saudi Steel Pipe Company, and Middle East Pharmaceutical were among the session's top performers. Mobile Telecommunications Company, Saudi Arabian Amiantit Co., and Hail Cement Company were among the worst performers. During the session, Saudi Steel Pipe Company and Middle East Pharmaceutical reached all-time highs. Saudi Arabia stocks concluded Sunday's trading session on a downward trend, with losses primarily driven by the...

Latest March 3, 2024

Wireless Charging Harnessing Convenience with Consciousness

Wireless Charging: Harnessing Convenience with Consciousness

by EDITORIAL TEAM
1 year ago

In technological innovation, wireless charging is a testament to humanity's relentless pursuit of convenience and efficiency. This transformative technology promises to untether us from the constraints of traditional charging methods, offering a seamless and effortless way to power our devices. Wireless charging represents a leap forward in the evolution of power delivery, eliminating the need for cumbersome cables and adapters....

IMF Reports China's Economic Rebound in 2023, Expects Gradual Inflation Increase

IMF Reports China’s Economic Rebound in 2023, Expects Gradual Inflation Increase

by EDITORIAL TEAM
1 year ago

Key Points: China's economic activity rebounded in 2023 post-COVID, with real GDP growth in line with the government's target of around 5 percent. Domestic demand, particularly private consumption, drove the recovery, supported by macroeconomic policies such as monetary easing and fiscal stimulus. Inflation declined in 2023 due to lower energy and food prices but is expected to increase to 1.3...

Korea's Next-Generation Space Launch Vehicle Project Faces Solo Bid Scenario

Korea’s Next-Generation Space Launch Vehicle Project Faces Solo Bid Scenario

by EDITORIAL TEAM
1 year ago

Key Points: Korea's KSLV-III project aims to develop a next-generation space launch vehicle capable of lunar exploration by 2032. The bidding process initially involved Hanwha Aerospace and KAI, with KAI withdrawing from contention. Hanwha Aerospace is expected to be the sole bidder, prompting the government to consider a sole-source contract. Concerns persist regarding private sector interest and potential delays, but...

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