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...

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 exploration of new investment opportunities across...

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 during the Gulf Vision 2026 Forum...

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 their collaboration across several vital sectors,...

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....