Economy page

The board of directors of Chubb Arabia has given preliminary approval to an offer to establish a reinsurance company in Saudi Arabia with a 10% stake in partnership with Chubb International and Al-Khuraiji Investment, to support the insurance sector.

SABIC announced the sale of its European assets to Equita for SAR 1.87 billion. Learn more about the deal, its expected financial impact, and the company's strategy to focus on emerging markets.

Details of SABIC’s deal to sell its engineering plastics business in Europe and the Americas to Motaris for SAR 1.68 billion, and the expected financial impact on the financial statements.

Bank Albilad launches its first tranche of dollar-denominated sukuk issuance under a $2 billion program. Learn about the subscription details, minimum amount, issue managers, and the significance of the offering.

Taiba Investment announced it has received invoices for vacant land fees in Riyadh totaling SAR 2.96 million. Learn more about the news and its impact on the company's plans and real estate development.

Details of Aramco's notification to Tabuk Agricultural Development Company regarding the adjustment of diesel prices in 2026, clarifying the expected financial impact and the company's plans for the electric transformation within the fuel displacement program.

Oil prices fell for the second consecutive session, with Brent crude dropping below $60 and US crude recording a 2% decline, amid anticipation in global markets.

Details of the visit of the head of the Saudi Fund for Development to Damascus and his meeting with Syrian ministers to discuss opportunities for cooperation in the energy, communications and disaster management sectors.

US oil inventories unexpectedly fell by 3.8 million barrels, contrary to analysts' expectations, while gasoline and distillate stocks rose significantly.

Learn about the details of the fifth edition of the International Mining Conference 2026 in Riyadh, under the patronage of the Custodian of the Two Holy Mosques, with the participation of 100 countries to discuss the future of minerals and supply chains.