Economy page

Follow the latest updates on the dollar exchange rate against the Egyptian pound today. Banks remain stable following the flotation decision and its impact on the economy and foreign investment in Egypt.

Etihad Atheeb Telecommunication Company has officially announced that it has changed its trade name to 'Etihad Qoo Telecommunications', in a strategic move to enhance its position and support the goals of Vision 2030.

Analysis of the decline in gold prices today as a result of profit-taking and investors' anticipation of the US Federal Reserve's decision on interest rates and its impact on global markets.

The board of directors of Koml announced its approval of the company’s transfer from the parallel market ‘Nomu’ to the main market ‘TASI’, in a strategic move that reflects the company’s growth and development.

Saudi Arabian Airlines (SAL) has signed an agreement with Riyadh Aviation to provide logistics services and lease facilities at King Khalid International Airport, in a strategic move that supports the Kingdom’s Vision 2030.

Shalfa Facilities Management Company announced the renewal of a Sharia-compliant credit facility agreement with Riyad Bank worth SAR 294.7 million to finance its projects and enhance its growth.

Mayar Holding, through its subsidiary Jadaya Halal, announced the signing of a contract to lease a poultry slaughterhouse in Buraidah worth 70 million riyals to enhance food security and support the local economy.

The Saudi stock market index “TASI” recorded a rise of 0.3% at the start of trading, supported by the positive performance of most companies, reflecting confidence in the local economy.

Tobi announced the transfer of 20.74% of its shares from Al-Amthal Business Company to its original owners. Learn more about the deal and its impact on the ownership structure and the Saudi market.

The Saudi Paper Manufacturing Company announced the early repayment of a loan worth 70.3 million riyals, in a strategic move to restructure its debts and improve its cash flow with the support of new financing.