Economy page

The British pound fell against the dollar and the euro, while the FTSE 100 index in London closed significantly higher, amid mixed performance in the British financial markets.

Prince Abdulaziz bin Salman meets with the Pakistani Minister of Energy in Riyadh to discuss petroleum supplies, investment opportunities in renewable energy, and strengthening the strategic partnership.

In a historic first, Washington completed its first sale of Venezuelan oil, worth $500 million, after seizing control of the sector. Learn the details of the agreement and the fate of the proceeds.

The dollar index rose and Bitcoin fell following a surprise drop in US jobless claims. Learn more about the price movements and the impact of the US economic strength on currencies.

The Ministry of Environment announces that Saudi GAP coverage in the poultry sector has increased to 90%, raising production to 1.2 million tons in 2024, enhancing food security and the Kingdom’s Vision 2030.

Gold prices held above $4,600 an ounce as investors awaited developments in Iran and Greenland. See details on silver and platinum prices and economic analysis.

Oil prices fell by more than 3% today following comments from President Trump that eased concerns about conflict with Iran, amid strong data on China's oil imports.

The Egyptian stock market closed mixed, with the main index EGX 30 rising while market capitalization lost 8 billion Egyptian pounds amid active trading.

The European Union has decided to lower the price ceiling for Russian oil to $44.10 per barrel starting in February, in a move aimed at reducing Moscow's revenues and tightening economic sanctions.

The Saudi Minister of Industry is holding meetings with officials from Qatar, Morocco, Canada and Chile during the International Mining Conference in Riyadh to promote investment and achieve Vision 2030.