Business

AI and Chip Stocks Drop, Pulling Down S&P 500 and Nasdaq

The US stock market wrapped up the week with mixed results, marked by a downturn in the S&P 500 and Nasdaq as investors pulled back from artificial intelligence and...

Rubio Consults Gulf Leaders Amid Worries Over $300B Iran Rebuilding Fund

US Secretary of State Marco Rubio has embarked on diplomatic discussions with Gulf allies concerning a proposed $300...

Japan, Saudi Arabia Forge New Business Alliances in Riyadh Talks

In Riyadh, officials from Saudi Arabia and Japan convened to discuss the expansion of economic cooperation and the...

Saudi Arabia Seeks European Investment for $2.5 Trillion Mining Ventures

Saudi Arabia is putting a spotlight on significant investment prospects in its mining and industrial sectors, as highlighted...

Saudi Arabia, Hong Kong Intensify Business and Investment Collaboration Efforts

In a bid to enhance economic relationships, Hong Kong and Saudi Arabia are actively exploring opportunities to broaden...

US-Iran Negotiations Lower Tensions, Cause Oil Prices to Drop

Oil prices experienced a significant drop of over 2 percent on Friday, with the market poised for its most substantial weekly decline since early...

GASTAT Reports 9.6% Increase in Saudi Airport Passenger Traffic for 2025

In 2025, Saudi Arabia's airports experienced a significant surge in passenger traffic, reaching 140.9 million, a 9.6 percent rise from the previous year. This...

Traditional Supply Relationships Prove More Resilient Than Discount-Driven Partnerships

India’s crude oil import patterns in 2025 demonstrated that traditional supply relationships proved more resilient than newer discount-driven partnerships during periods of geopolitical stress....

EU Leaders Advance ‘Buy European’ Measures for Strategic Industries

European leaders agreed to implement “Buy European” policies during their economic competitiveness summit in Belgium’s countryside. The gathering addressed Europe’s position relative to global...

Bank of England Maintains 3.75% Rate as Exchange Rate Implications Influence Policy Calculus

The Bank of England has kept interest rates unchanged at 3.75%, with exchange rate considerations playing a subtle but important role in policy decisions....

Gold and Silver Prices Find Support After Unprecedented Volatility on Central Bank News

Monday brought relief to precious metals investors as gold and silver fought back from steep declines that had unsettled financial markets globally. Gold prices...