Economy page

Eastern Pipes has agreed to build a new pipe coating line in Dammam at a cost of 78.5 million riyals. The project aims to double production capacity and meet increasing demand.

Al Majdiyah Company signed a SAR 500 million financing agreement with Alinma Bank for a period of 10 years. Learn about the financing details and its objectives in supporting real estate expansion.

The Saudi Reinsurance Company (Re) has received approval to open a branch in Gift City, India. This is a strategic step to enhance its international presence and diversify its portfolio in line with Vision 2030.

Jamjoom Pharma is providing a guarantee of SAR 31.8 million for its joint venture in Algeria to support working capital, reinforcing its regional expansion and growth strategy in North Africa.

Riyad Bank announced the redemption of its SAR 3 billion Tier 2 Sukuk in February 2026. Learn about the maturity details and the impact of the decision on the financial market.

The European Union is responding strongly to Trump's tariffs related to the purchase of Greenland, warning of serious economic repercussions and negative effects on transatlantic relations.

Foreign Minister Prince Faisal bin Farhan affirmed Saudi Arabia’s commitment to promoting international cooperation and technological innovation during its participation in the Davos 2026 Forum to achieve sustainable development.

Gold prices have fluctuated wildly this week, oscillating between record highs and lows, influenced by US economic data and interest rate expectations. Read our analysis of gold's performance and market outlook.

Led by the Minister of Foreign Affairs, Saudi Arabia is participating in the 2026 World Economic Forum in Davos. Learn about the ministerial delegation and the Saudi House initiative showcasing the achievements of Vision 2030.

Check out the latest currency exchange rates in Russia. The Central Bank of Russia lowered the value of the dollar, euro, and yuan while strengthening the ruble for the period from January 17 to 19.