Bloomberg Saudi stocks climb the most in the Gulf, tracking a surge in oil prices after Opec+ shocked the markets with a decision to keep supply in check. Aramco advanced the most in five months. The Tadawul All Share Index rises as much as 1.4%, extending gains this year to 7.9%. Saudi Basic Industries, Saudi Aramco and Al Rajhi Bank …

Bloomberg The Nasdaq 100 Index capped a third straight week of declines that shaved off $1.6 trillion in market value from high-flying technology stocks amid a rise in US Treasury yields. The slump eased as benchmark rise alongside S&P 500 Index, gaining 1.6%. Still, Nasdaq ended the week 1.9% lower, marking the longest streak of declines since September. “Higher interest …

KHARTOUM / WAM The Emirates Red Crescent (ERC) continues to provide additional humanitarian aid to those affected by floods which swept through a number of Sudanese states last year, as part of its efforts to address the repercussions of the disaster that is still affecting people in some areas. In this context, the ERC dispatched three new aid convoys to …

RIYADH / WAM The Coalition Forces to Restore Legitimacy in Yemen on Saturday morning intercepted and destroyed two bomb-laden UAVs launched “systematically and deliberately” by the terrorist Houthi militia to target civilians and civilian objects in Khamis Mushait and Jazan. The Saudi Press Agency quoted Spokesperson Col. Turki Al Maliki as saying that these are the 7th and 8th bomb-laden …

Bloomberg The European Union (EU) and the US agreed to suspend tariffs on billions of dollars of each other’s products, easing a 17-year transatlantic dispute over illegal aid to the world’s biggest aircraft makers. President Joe Biden and European Commission President Ursula von der Leyen agreed to the move on a call, the commission said in a statement. “This suspension …

Bloomberg Malaysian budget airline AirAsia Group Bhd. said it is seeking to launch a flying-taxi business as soon as next year. “We are working on that right now,” Tony Fernandes, the company’s chief executive officer and co-founder, said. “I think we are about a year and a half away from launching.” Fernandes was speaking in an online discussion as part …

Bloomberg Airline executives and directors sold $49.9 million of stock in February, the most in three years, as industry shares posted a record rally fuelled by a widening vaccination effort. The top individual sellers were at Allegiant Travel Co. and Southwest Airlines Co., two leisure-focused carriers that are among analyst picks to benefit from a rebound in vacation travel as …

Bloomberg British Airways, United Airlines Holdings Inc. and Singapore Airlines Ltd. were among carriers affected by a cyberattack that hit the Star and Oneworld alliances, exposing some loyalty-program member information. Sita Passenger Service System Inc.’s processing services were hit by a “highly sophisticated but limited” breach that targeted personal data stored on servers at its data center in Atlanta, the …

Bloomberg Boeing Co. Chief Executive Officer Dave Calhoun got total compensation of $21 million last year, but his take-home pay was a small fraction of that as the planemaker slogged through a deep crisis caused by the coronavirus pandemic. When Covid-19 sent the aviation industry into the sharpest decline on record last March, Calhoun waived his salary for the rest …

Bloomberg Fix Price’s initial public offering in London and Moscow raised $1.7 billion, on track to be the biggest listing from a Russian company in more than a decade, possibly prompting more share sales from local issuers. Russia’s largest dollar-store chain priced 178 million global depositary receipts, representing one ordinary share each, at the top end of an initial $8.75 …