Economy page

Cisco Holdings has completed its acquisition of a 51% stake in Port Services and Warehousing Company (PSS) in a deal valued at SAR 132.6 million. Learn more about the financial details and the expected financial impact date.

Gold prices remained below $4,600 amid profit-taking and political tensions between the Trump administration and the Federal Reserve, with Citigroup predicting that the price per ounce will soon reach $5,000.

Arabian Drilling announces the extension of 3 contracts for land drilling platforms worth 1.4 billion riyals, adding 25 operational years to its record, bringing the total of recent extensions to 3.4 billion riyals.

Zain Saudi Arabia announced the resignation of Talal Al-Maamari from the Board of Directors and the chairmanship of the Audit Committee due to personal reasons. Learn more about the news and its impact on the company's governance in the Saudi market.

Hamad Bin Saeedan Real Estate Company announced the issuance of vacant land fees invoices totaling two million riyals. Learn more about the announcement, its financial impact, and the background of the fees program in Saudi Arabia.

Oil prices rose to their highest level in seven weeks, with Brent crude reaching $63.87 and West Texas Intermediate (WTI) crude at $59.50. Learn more about the prices and their impact on the global economy.

Gold prices hit a record high of $4,600 an ounce, while silver and platinum also saw significant gains. Learn more about the prices and their impact on global markets.

The US dollar fell sharply against the euro, Swiss franc, and yen, ending a five-day winning streak. Learn more about the exchange rates and their economic impact.

US stock indices opened lower today, with the Dow Jones, Nasdaq, and S&P 500 all declining. Learn more about Wall Street's performance and the figures recorded.

Follow the details of the rise in the price of the British pound against the dollar and the euro today, with monitoring of the performance of the London Stock Exchange FTSE 100 index, which closed with new gains.