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...

Stock Pressure Hits SpaceX as 911.5 Million Shares Enter Market

SpaceX is bracing for potential market fluctuations as up to 911.5 million shares are now eligible for trading, giving certain employees and early investors...

Saudi Arabia, US Ink Historic Deal for Civil Nuclear Collaboration

The United States has taken a significant step in its relationship with Saudi Arabia by signing a landmark civil nuclear cooperation agreement. This agreement,...

Hong Kong and Saudi Arabia Forge Promising Tech Partnership for Growth

Hong Kong is intensifying its collaboration with Saudi Arabia to bolster its status as a global hub for innovation and technology, according to Chief...

Oman, Saudi Arabia Enhance Ties; Focus on Security and Trade Talks

During a series of high-level discussions, Oman and Saudi Arabia have pledged to enhance their bilateral ties, with a particular focus on broadening cooperation...

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...

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 billion Iran reconstruction fund. The initiative...