Business

Tadawul Index Rises 3.43% Amid Broad Market Gains in Saudi Arabia

Saudi Arabia’s stock market experienced a significant upswing on Monday, with the Tadawul All Share Index climbing 3.43%, or 323.28 points, to close at 9,761.78. The surge was backed...

Saudi Arabia and UAE Enhance Cooperation on Rail and Electricity Connectivity

Saudi Arabia and the United Arab Emirates have signed a Memorandum of Understanding (MoU) to enhance cooperation in...

Saudi Arabia Forecasts 2027 Budget Deficit at 3.6% of GDP

Saudi Arabia's Finance Ministry has projected a fiscal deficit of 3.6 percent of gross domestic product by 2027,...

EU-GCC Summit in Riyadh to Emphasize AI, Tech, and Clean Energy Investment

The EU-Gulf Cooperation Council (GCC) Summit, set to take place in Riyadh on October 24, aims to deepen...

Saudi Arabia Boosts Oil Exports to Asia Amid Supply Concerns

Saudi Arabia has sold nearly 100 million barrels of crude oil to Asian buyers since mid-September, addressing concerns...

Markets Anticipate US-Iran Talks, Driving Oil Prices Upward

Oil prices experienced a rebound on Tuesday after a series of losses, as anticipation grew over potential diplomatic talks between the United States and...

Saudi Arabia to Purchase F-35 Jets in $24.3 Billion US Deal

The United States has approved a significant $24.3 billion deal to sell 48 F-35 stealth fighter jets to Saudi Arabia, a move that marks...

Saudi Pipeline Closure Threatens 4% of Worldwide Oil Supply

Concerns over global oil supplies have intensified following Saudi Arabia's temporary closure of its crucial East-West oil pipeline after it was attacked. This incident,...

Breaking: Saudi Arabia and Russia Collaborate to Stabilize Global Energy Markets

Saudi Arabia is underscoring the significance of its partnership with Russia to ensure stability in global energy markets. During a visit to Moscow, Saudi...

Saudi Arabia and Serbia Enhance Collaboration in Energy, Tech, Trade Sectors

Saudi Arabia and Serbia are enhancing their economic and diplomatic ties, with a focus on fostering collaborations across various sectors including energy, technology, agriculture,...

Saudi Arabia Expands Cities, Unlocking Fresh Real Estate Investment Chances

Saudi Arabia's urban expansion is unlocking new opportunities for developers, investors, and businesses within the real estate sector, as it transitions towards larger, integrated...