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...

Arab Stock Trading Jumps 28.8% in July; Transaction Value Drops

In July, Arab stock markets experienced a notable surge in trading activity, with the volume of shares exchanged climbing by 28.82% compared to June....

BNP Paribas Registers Regional Headquarters in Saudi Arabia

BNP Paribas, a leading French banking group, has been granted investment registration to set up a regional headquarters in Saudi Arabia. This strategic expansion...

France and Saudi Arabia Expand Economic Relations Beyond Oil Sector

Saudi Arabia and France are seeing a transformation in their economic ties, marked by a shift in trade patterns that highlight the Kingdom's ongoing...

US-Iran Tensions Drive Oil Prices to Exceed $90

Oil prices have surged following the end of a two-month negotiation period between the United States and Iran, which concluded without reaching a peace...

US Imposes Up to 100% Tariffs on Drone Imports Citing Security Risks

The United States has unveiled a new tariff strategy targeting certain drone imports, aiming to bolster national security and lessen reliance on foreign supply...

Investing $10,000 in Apple 10 Years Ago Yields Significant Returns.

An investment of $10,000 in Apple back in August 2016 would now be valued at approximately $126,000, with dividends reinvested. This significant increase reflects...