Economy page

Follow the latest updates on the dollar exchange rate against the Egyptian pound today. There has been noticeable stability in banks following the Central Bank's recent decisions and their impact on the economy and the market.

The Saudi stock market index, TASI, saw a slight decline of 0.2%. Learn more about the session, the key influencing factors, and its impact on the local and regional economy.

Gold and silver prices fell as investors remained cautious ahead of the release of US jobs and inflation data that will determine the Federal Reserve's interest rate path.

Saudi Chemical Company signed a memorandum of understanding with the Turkish company MKE at the World Defence Exhibition with the aim of localizing the advanced ammunition materials industry and enhancing the Kingdom’s defense capabilities.

CGS announced a 29% drop in third-quarter profits to SAR 14 million, impacted by higher costs and a shift in its revenue mix. A comprehensive performance analysis follows.

Integrated Insurance Company announced a 51% decrease in its annual net profit to SAR 7.4 million, due to a decline in investment income. A comprehensive analysis of the financial performance follows.

Kemanol Company announced the decision of the Commercial Court in Dammam to suspend a lawsuit filed by the owners of Al-Alamiah Chemical Industries to claim 73 million riyals, pending a ruling in another related case.

The Saudi real estate company announced the receipt of invoices for white land fees amounting to 61.6 million riyals, reflecting the Kingdom’s commitment to regulating the real estate market within Vision 2030.

Kemanol announced that the Dammam Commercial Court has decided to suspend consideration of a lawsuit against it worth 185.2 million riyals, related to an acquisition deal, pending a ruling in another case.

Red Sea International announced the completion of the sale of its 81% stake in Premium Paints, a strategic move to boost liquidity and focus on more profitable investments.