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On August 29th, local time, continuous gunfire and explosions were reported in several areas of Niamey, the capital of Niger, starting in the early hours of the morning. Sources stated that militants attacked Diori Hamani International Airport and attempted to breach the security perimeter around the presidential palace. Local residents reported intense gun battles and explosions near the Niamey 101 Air Force Base, which is closely connected to Diori Hamani International Airport. Diori Hamani Airport was attacked twice this year by extremist groups and militants in January and June. Bana Ougana Ibrahim, a member of parliament from the Sahel National Union and a member of the National Transitional Council of Niger, stated on social media that the attackers targeted the 101 Air Force Base, but Nigerien security forces have brought the situation under control. The Nigerien government and military have not yet confirmed these reports.On August 29, the Russian Ministry of Defense announced on Saturday that Russian forces had struck a transshipment point at the port of Mykolaiv, Ukraine. The Ministry stated that the berthing area for refueling ships and the unloading point for fuel and lubricants were also targeted.Authorities say three people have been killed in a Ukrainian attack on Russia’s Belgorod region.On August 29th, Baidu AI Cloud announced a recent organizational restructuring of its product and R&D departments. The original Platform Products Business Unit was renamed the Intelligent Agent Business Unit, with its MaaS business, Qianfan brand, and related MaaS products transferred to the Infrastructure Business Unit. The Data Platform Department was renamed the Data Intelligence Department and transferred to the Intelligent Application Business Unit, formerly the Application Products Business Unit. Following the restructuring, the three business units of Baidu AI Cloud are now headed by Hou Zhenyu, Yin Dawei, and Ruan Yu, respectively: Hou Zhenyu is responsible for the Infrastructure Business Unit, managing AI Infra and Agent Infra; Yin Dawei is responsible for the Intelligent Agent Business Unit, focusing on Agent products such as Baidu Dazi, Miaoda, and Famou; and Ruan Yu is responsible for the Intelligent Application Business Unit, managing Baidu Yijian, Hogee, Shengsuan, and industry applications in transportation and finance. All three report directly to Shen Dou, Executive Vice President of Baidu Group and President of the Intelligent Cloud Business Group.On August 29th, at the site of the Gyirong landslide disaster in Shigatse, Tibet, the G216 National Highway was blocked due to the landslide, severely hindering the progress of rescue and relief work. On the 29th, the China Anneng Engineering team dispatched by the Ministry of Emergency Management continued its road clearing operations. It is understood that China Anneng has deployed 60 technical and skilled personnel and mobilized 28 sets of engineering rescue equipment, including excavators and loaders, to work tirelessly to clear the damaged sections of the G216 National Highway, allowing subsequent personnel and heavy machinery to enter and expedite rescue efforts. Rescue personnel are scientifically assessing disaster risks and monitoring surrounding hazards in real time to ensure the efficient implementation of subsequent rescue and relief work. According to on-site rescue personnel, after days of continuous road clearing operations by multiple engineering rescue teams, 2.5 kilometers of road have been cleared, with 1.8 kilometers remaining to the Gyirong border crossing.

At The Close of Trade, Saudi Arabian Stocks Are up 0.18 Percent

Aria Thomas

Dec 26, 2022 14:34

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Sunday's market closing in Saudi Arabia was followed by increases in the Media & Publishing, Insurance, and Petrochemicals industries.


At Saudi Arabia's market close, the Tadawul All Share rose 0.18 percent.


Al Sagr Co-operative Insurance Co (TADAWUL:8180) had the strongest performance on the Tadawul All Share, gaining 10.00% or 1.24 points to conclude the day at 13.64. Amana Cooperative Insurance Co (TADAWUL:8310) gained 7.33 percent, or 0.66 points, to close at 9.66, while Wataniya Insurance Company (TADAWUL:8300) rose 5.07 percent, or 0.68 points, to 13.68 in late trading.


Al Yamamah Steel Industries Co (TADAWUL:1304) had the lowest performance throughout the session, declining 6.40 percent, or 1.56 points, to close at 22.82. Saudi Arabian Cooperative Insurance (TADAWUL:8100) fell 5.38 percent, or 0.70 points, to close at 12.30, but Perfect Presentation for Commercial Services Company PJSC (TADAWUL:7204) fell 4.17 percent, or 7.40 points, to 170.00.


On the Saudi Arabia Stock Exchange, declining equities outweighed gaining ones by 141 to 98, with 14 ending unchanged.


Al Yamamah Steel Industries Co (TADAWUL:1304) shares reached 52-week lows, declining 6.40%, or 1.56 points, to close at 22.82.


The price of crude oil for February delivery increased by 2.40 percent, or 1.86 dollars, to $79.35 a barrel. Brent oil for March delivery was steady, trading at $84.50 per barrel, while the February Gold Futures contract increased 0.60 percent, or 10.70 cents, to trade at $1,806.00 per troy ounce.


EUR/SAR increased 0.18 percent to 3.99, while USD/SAR remained constant at 3.76.


The US Dollar Index Futures fell 0.08 percent to 104.04.