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Latest News
Markets
Saudi Arabia gold prices decline, global rates recover as markets await key U.S. economic data
Gold could remain between $2,300 and $2,350 unless a fresh catalyst emerges
Markets
Saudi Arabia gold prices decline as global rates hit over two-week lows on easing Middle East tensions
Gold dipped more than 2 percent in the previous session, its largest intraday decline in over a year
Miscellaneous
Saudi Arabia’s cinema revenue soars to over $986 million in just six years
Currently, Saudi Arabia has 66 movie theaters with approximately 618 screens and 63,373 seats
Energy
Saudi Aramco to acquire 10 percent stake in China’s Hengli Petrochemical
Deal aligns with Aramco’s strategy to expand its presence in key high-value markets like China
Economy
World Bank partners with Saudi Arabia to establish knowledge center for economic reforms
Boosting global economic reforms and enhancing regional and global competitiveness
Markets
Saudi Arabia gold prices decline as Middle East tensions ease, global rates drop
Bullion loses safe-haven appeal amidst reduced geopolitical risks
Saudi Arabia
Saudi Arabia’s PIF and stc Group sign deal to form region’s largest telecom tower company
PIF to acquire 51 percent stake in TAWAL from stc Group
Economy
Private sector employment in Saudi Arabia sees record growth in Q4 2023, surpassing 11.2 million employees
The unemployment rate among Saudis reached its lowest level of 7.7 percent in the last quarter of 2023
Markets
Saudi Arabia gold prices fall as global rates inch closer to all-time high on escalating geopolitical tensions
Market analysts referred to gold as a geopolitical trade rather than a monetary policy trade at the moment
Markets
Oil prices soar $3 per barrel amid concerns of supply disruptions
Brent futures rose by $2.63, reaching $89.74 per barrel
Real Estate
Saudi Arabia’s minister highlights $3 billion in Spanish real estate investments, announces upcoming development agreement
40 percent of Spain's investments in Saudi Arabia over the past 10 years has been in the real estate sector
Markets
Saudi Arabia gold prices rise as geopolitical uncertainty boosts bullion’s global appeal
Gold maintains safe-haven appeal despite Federal Reserve's stance on rates