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...

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...

Chery Establishes European Stronghold in Liverpool with Strategic Investment

Chinese automotive powerhouse Chery is opening its European research and development headquarters in Liverpool, establishing Merseyside as the strategic center for its European commercial...

Trump Strikes at South Korea with 25% Tariff Threat Over Agreement Delays

Donald Trump has struck at South Korea with a threat of 25% tariffs on major exports, blaming Seoul for delays in implementing a trade...

Ending Dependence: Why Economists Say the U.S. is No Longer a Reliable Gold Vault

A growing number of German economists are reaching a startling conclusion: the United States can no longer be considered a “safe” custodian for Germany’s...