Economy page

Follow the latest updates on the Saudi Riyal to Egyptian Pound exchange rate today, Wednesday. Analysis of the reasons for the fluctuations and their impact on the economy and remittances from Egyptians abroad.

Follow the latest updates on gold prices in Saudi Arabia today. A significant increase in the price of 21-karat gold per gram, with an analysis of global and local factors affecting the market.

Follow the latest updates on the dollar exchange rate against the Egyptian pound today, Wednesday. Banks remain stable following important economic decisions. Analysis of the reasons for and effects of this stability.

Saudi Cable Company announced that it has provided a bank guarantee of 106.3 million riyals to the Industrial Development Fund, as an important step within the company’s financial reorganization plan.

Al-Jada Al-Oula Company announced a project to develop the infrastructure of an industrial city in Al-Dilam on an area of ​​3.6 million square meters, within the framework of Vision 2030 to enhance the industrial and economic sector.

Al Moammar Information Systems (MIS) announced the renewal of an Islamic financing agreement with Arab National Bank worth SAR 1.8 billion to finance its new projects and support digital transformation.

Saudi Cable Company announced the appointment of Engineer Fares Al-Rajhi as the new Managing Director, in a strategic move aimed at enhancing the transformation process and achieving sustainable growth for the company.

The Saudi stock market index (TASI) opened 0.7% higher at 11,458 points. Learn more about market performance, top performing companies, and its impact on the economy.

Theeb Rent a Car announced the termination of its non-binding memorandum of understanding with Riyada for Technology, confirming that there are no obligations or financial impact on its business results.

Analysis of the reasons for the rise in gold prices to record levels, and the impact of economic uncertainty and Federal Reserve decisions on the future of the yellow metal as a safe haven.