Economy page

Analysis of the reasons for the stability of global gold prices. The impact of the strong dollar and US jobs data on Federal Reserve decisions and future interest rate expectations.

ACWA Power announced the start of commercial operation of its 501 MW/h Riverside battery energy storage plant in Uzbekistan, to support the national grid and achieve renewable energy goals.

Dar Al Arkan announced it has received invoices for vacant land fees totaling 201 million riyals. Learn more about the case and the importance of the land fee program in regulating the Saudi real estate market.

Saudi Arabia’s Group Five Pipes Company announced the appointment of Tariq Al-Qahtani as Chairman of the Board and Salah Al-Qahtani as Vice Chairman, in a move aimed at strengthening its future strategy.

Hamad Bin Saeedan Real Estate Company signed a memorandum of understanding with Saudi First Bank to provide innovative financing solutions and support real estate development projects, in line with Vision 2030.

Osool & Bakheet Investment Company announced the renewal of a Sharia-compliant credit facility agreement with Saudi French Bank worth SAR 50 million to enhance its operations.

Leejam Sports Company announced the opening of 3 new "Fitness Time" centers in Riyadh and Abha, as part of its expansion plan to support Vision 2030 and enhance the quality of life in the Kingdom.

Dar Al-Mada Medical Company signed a confidentiality agreement with the Italian company Almviva, paving the way for cooperation aimed at developing innovative technological solutions and supporting the goals of Vision 2030 in the health sector.

Major Wall Street indices closed slightly lower. Learn about the key factors, including economic data and Federal Reserve decisions, and their impact on global and local markets.

In a potential turnaround, Donald Trump's energy adviser visits Caracas and pledges to support a massive increase in Venezuelan oil production, which could change the dynamics of the global energy market.