Economy page

Sumou Real Estate has signed a contract with the Holy Capital Municipality to develop the infrastructure of the Al-Shara'i' Grant Scheme in Makkah. Learn more about the contract details, its duration, and the expected financial impact.

Modern Mills Company signed an agreement to purchase corn worth 21.37 million riyals from Al Ghurair Company. Learn about the details of the deal, its expected financial impact, and the relationship between the contracting parties.

Eastern Pipes Company has signed a contract with Ali Shar Contracting Company worth over 60 million riyals for the coating of steel pipes. Learn more about the contract details and its expected financial impact.

Natural gas prices in Europe have jumped by more than €40 per megawatt amid concerns about colder temperatures. Learn about the reasons for the increase and its economic impact.

US stocks closed higher across the board. The Dow Jones Industrial Average jumped 588 points, while the S&P 500 and Nasdaq Composite hit new record highs at the close of trading on Wednesday.

Oil prices rose sharply, with Brent crude reaching $65.24. Read the market analysis and the impact of reduced supply on West Texas Intermediate crude and the global economy.

European stocks closed mixed on Wednesday. The Stoxx 600, France's CAC 40, and Britain's FTSE 100 all rose, while Germany's DAX fell amid economic uncertainty.

The Kingdom signs a strategic agreement with the World Economic Forum Davos to accelerate industrial transformation and adopt Fourth Industrial Revolution technologies within the objectives of Vision 2030.

The Saudi Program for the Development and Reconstruction of Yemen signs an agreement to provide oil derivatives to 70 Yemeni power stations at a cost of $81.2 million to support the economy and stabilize services.

US stock indices recorded a collective rise on Wall Street, with the Dow Jones, Nasdaq and S&P 500 indices all climbing, reflecting investor optimism and positive market performance.