Reuters The petrochemical sector helped carry Saudi Arabia’s stock market to a fresh one-year closing high on Tuesday after crude oil prices hit a 17-month peak, while Egypt’s market followed global shares upwards. The main Saudi index added 0.7 percent to 7,155 points in extremely heavy turnover with gainers outnumbering losers 139 to 18. The index is now up …

  London / AFP European equities pushed higher on Tuesday as investors shrugged off Italy’s referendum result that was already priced into markets, dealers said, as lower oil prices weighed on US stocks. Traders have registered little reaction to Italian Prime Minister Matteo Renzi’s vote defeat Sunday and subsequent resignation, in the wake of recent shock votes in Britain and …

  RIYADH / Emirates Business The Saudi national carrier, flynas, announced the inauguration of a new flight route between Dammam and Abu Dhabi, in a new step towards strengthening the network of international flights, and linking King Fahd International Airport in Dammam with Abu Dhabi International Airport, which is considered the second largest airport in the UAE, and one of …