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Quara Holding Emerges as Saudi Arabia's Most Innovative Technology-Driven Investment Holding Company – Canada NewsWire

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Quara Holding represents a new generation of investment entities, which will integrate modern technology solutions across traditional sectors including real estate and financial services.

Welcoming the launch and emphasizing Quara Holding’s strategic vision, Quara Holding’s CEO Ziad El Chaar said, “Changes in business trends allow Quara to adopt a flexible strategy with technology at its core. By investing in digital for its investment holdings and in the operations of its subsidiary businesses, we will achieve superior growth, profitability, and better customer service.”

El Chaar also emphasized Quara Holding’s ability to lead its companies towards financial innovation. “Based on our new business model, we are looking forward to achieving significant growth and enhancing the sustainability of our subsidiaries’ competitiveness. We will continue on our path to digital transformation and will be introducing additional financial innovation including Blockchain and FinTech, both cutting-edge services which will play a vital role across multiple business sectors over the next decade,” he noted.

Quara Holding will enable its investments and subsidiaries to increase their market share, enhance their competitiveness and their ability to benefit from global and regional business opportunities, to raise their growth and profitability, especially in the post-COVID pandemic era.

Quara Holding’s investments and subsidiary businesses include Dar Al-Arkan Real Estate Development Company publicly listed in Saudi Arabia; Dar Al-Arkan Properties; financial services companies Al Khair Capital, Saudi Home Loans, Bahrain Financing Company (BFC), and Maalem Financing;  Independent Logistics Company; Taj Lifestyle Center; T’azur insurance Company; Dar Al Arkan Online; Quara Pay; and Quara Blockchain ventures.

Please visit www.quaraholding.com

Follow us on Twitter: @QuaraHolding

Join the discussion on LinkedIn www.linkedin.com/company/quaraholding

 

SOURCE Quara Holding

For further information: MOHAMMED AL JARADAT, Quara Holding Press Office, Mobile: +966 540 730 079, Email: [email protected]

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S&P/TSX composite up more than 100 points, U.S. stock markets mixed

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TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.

The S&P/TSX composite index was up 103.40 points at 24,542.48.

In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.

The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.

The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.

The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.

This report by The Canadian Press was first published Oct. 16, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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S&P/TSX up more than 200 points, U.S. markets also higher

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TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.

The S&P/TSX composite index was up 205.86 points at 24,508.12.

In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.

The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.

The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.

The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.

This report by The Canadian Press was first published Oct. 11, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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S&P/TSX composite little changed in late-morning trading, U.S. stock markets down

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TORONTO – Canada’s main stock index was little changed in late-morning trading as the financial sector fell, but energy and base metal stocks moved higher.

The S&P/TSX composite index was up 0.05 of a point at 24,224.95.

In New York, the Dow Jones industrial average was down 94.31 points at 42,417.69. The S&P 500 index was down 10.91 points at 5,781.13, while the Nasdaq composite was down 29.59 points at 18,262.03.

The Canadian dollar traded for 72.71 cents US compared with 73.05 cents US on Wednesday.

The November crude oil contract was up US$1.69 at US$74.93 per barrel and the November natural gas contract was up a penny at US$2.67 per mmBTU.

The December gold contract was up US$14.70 at US$2,640.70 an ounce and the December copper contract was up two cents at US$4.42 a pound.

This report by The Canadian Press was first published Oct. 10, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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