Economy page

Gold and silver prices dipped slightly today as investors took profits, but they are still on track for their highest annual gains in decades. Check out the latest metal prices and market forecasts.

The board of directors of Qimmat Saudi Company recommends transferring the entire statutory reserve of 5.7 million riyals to retained earnings to strengthen the financial position and support distributions.

Sign World has received a purchase order from the Ministry of Finance worth SAR 19.55 million for the supply of vehicle license plates. Learn about the contract details and its expected financial impact on the company's revenues.

Lana Company announces the awarding of a project with the Ministry of Health to secure medical waste supplies in Bisha worth 5.38 million riyals for a period of 5 years, in support of environmental sustainability and Vision 2030.

The Capital Market Authority approves the Printing and Packaging Company's request to increase its capital by converting SAR 73.7 million of Alinma Bank's debt into shares. Learn more about the details and the economic impact.

Umm Al Qura Company (Masar Destination) signs a credit facility agreement with Al Rajhi for 500 million riyals, and announces a memorandum of understanding to establish a real estate fund to develop hotel units in Makkah.

Wall Street closed slightly lower, with the Dow Jones, Nasdaq, and S&P 500 all declining. Learn more about the US stock market close and its economic impact.

Energy markets saw oil prices stabilize at settlement after a volatile session, with Brent crude settling at $61.92 and West Texas Intermediate falling to $57.95 amid global anticipation.

Minister of Investment Khalid Al-Falih affirms that the approval of the regulations for special economic zones represents a fundamental step towards attracting investments and achieving Vision 2030, with tax and operational incentives.

US stocks opened lower, weighed down by losses in the technology sector, while European stocks hit new record highs, boosted by banks. Read the details.