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Tuesday, August 18, 2026 · Riyadh

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Business

The latest business coverage from AJEL English — updated around the clock.

US stocks close lower as investors await retail earnings

US stocks close lower as investors await retail earnings

US stock indexes fell on Monday as investors looked ahead to major retailers’ quarterly results for clues on consumer spending.

Skills Accelerator launched in Madinah Chamber to boost national talent

Skills Accelerator launched in Madinah Chamber to boost national talent

Brent crude tops $91 a barrel for first time since July

Brent crude tops $91 a barrel for first time since July

Gold rises to $4,426.52 per ounce as dollar weakens

Gold rises to $4,426.52 per ounce as dollar weakens

Diversifying insurance products can reduce sector volatility, analyst says

Diversifying insurance products can reduce sector volatility, analyst says

Jeddah Islamic Port boosts trade with new IRF shipping service

Jeddah Islamic Port boosts trade with new IRF shipping service

Saudi Transport Authority partners with engineers body to boost road code compliance

Saudi Transport Authority partners with engineers body to boost road code compliance

Saudi stock market index closes lower at 10,908 points on SAR 4.3bn turnover

Saudi stock market index closes lower at 10,908 points on SAR 4.3bn turnover

Qiwa platform records 419,000 employment contracts, 258,000 new Saudis in Q2 2026

Qiwa platform records 419,000 employment contracts, 258,000 new Saudis in Q2 2026

PIF doubles profits to over 65 billion riyals in 2025

PIF doubles profits to over 65 billion riyals in 2025

Dar Al-Moammar awarded SAR 127.7 million military hospital contract

Dar Al-Moammar awarded SAR 127.7 million military hospital contract

Buraidah International Dates Carnival sales top 98 million riyals in 15 days

Buraidah International Dates Carnival sales top 98 million riyals in 15 days

Oil prices climb amid geopolitical tensions and tanker delays in Hormuz

Oil prices climb amid geopolitical tensions and tanker delays in Hormuz

Gold prices edge higher as dollar weakens, US rate hike bets ease

Gold prices edge higher as dollar weakens, US rate hike bets ease

National Vegetation Center unveils four investment opportunities in Najran

National Vegetation Center unveils four investment opportunities in Najran

Riyadh Municipality offers 55 new investment opportunities across 23 districts

Riyadh Municipality offers 55 new investment opportunities across 23 districts

Al-Hasawi Lime Expo 2026 to open next Wednesday in Al-Ahsa

Al-Hasawi Lime Expo 2026 to open next Wednesday in Al-Ahsa

Shaqra Al-Asyah Date Festival opens fourth edition in Ain Ibn Fuhayd

Shaqra Al-Asyah Date Festival opens fourth edition in Ain Ibn Fuhayd

Durrat Jeddah online auction to offer prime land and properties in top districts

Durrat Jeddah online auction to offer prime land and properties in top districts

Industry ministry processes 771 chemical clearance requests in July 2026

Industry ministry processes 771 chemical clearance requests in July 2026

PIF warns against scams using its name to request money transfers

PIF warns against scams using its name to request money transfers

National Center for Vegetation Development unveils four investment opportunities in Najran

National Center for Vegetation Development unveils four investment opportunities in Najran

Jazan mountains shift focus from development to investment and sustainability

Jazan mountains shift focus from development to investment and sustainability

Industry ministry urges air conditioner makers to meet quality standards

Industry ministry urges air conditioner makers to meet quality standards

Gold prices rise in Saudi Arabia as 21-karat hits 461 riyals

Gold prices rise in Saudi Arabia as 21-karat hits 461 riyals

Gold prices climb as dollar weakens and Fed rate pause expected

Gold prices climb as dollar weakens and Fed rate pause expected

Mawani launches Himalaya Express service at Jeddah, King Abdullah ports

Mawani launches Himalaya Express service at Jeddah, King Abdullah ports

Gold prices fall in Saudi Arabia as 21-karat drops to 456 riyals

Gold prices fall in Saudi Arabia as 21-karat drops to 456 riyals

Oil prices edge higher on geopolitical developments

Oil prices edge higher on geopolitical developments

Gold prices fall after hitting two-month high

Gold prices fall after hitting two-month high

Saudi Ground Services posts SAR 56.6m loss in Q2, finance professor explains

Saudi Ground Services posts SAR 56.6m loss in Q2, finance professor explains

Saudi stock market index closes lower at 10,823.60 points

Saudi stock market index closes lower at 10,823.60 points

Jeddah Islamic Port strengthens role in Gemini AE15 and AE19 shipping services

Jeddah Islamic Port strengthens role in Gemini AE15 and AE19 shipping services

Over 1 million products discounted in 2026 sales campaign until October 30

Over 1 million products discounted in 2026 sales campaign until October 30

Dollar rises, yen falls after US inflation data meets forecasts

Dollar rises, yen falls after US inflation data meets forecasts

Digital Regulatory Academy holds training on data governance and privacy

Digital Regulatory Academy holds training on data governance and privacy

Asir governor, investment minister discuss boosting regional opportunities

Asir governor, investment minister discuss boosting regional opportunities

Gulf energy, industry and digital investments to reach $62.45bn by 2030

Gulf energy, industry and digital investments to reach $62.45bn by 2030

Oil prices fall as Brent crude drops to $88 a barrel

Oil prices fall as Brent crude drops to $88 a barrel

Saudi annual inflation steady at 1.8% in July

Saudi annual inflation steady at 1.8% in July

Gold rises 1% in spot trading, hits two-month high

Gold rises 1% in spot trading, hits two-month high

Saudi markets see growth ahead of commodity exchange launch

Saudi markets see growth ahead of commodity exchange launch

Oil markets face 1.8 million barrel daily shortfall, says IEA

Oil markets face 1.8 million barrel daily shortfall, says IEA

Saudi Arabia ranks among top 10 global AI investors: World Bank report

Saudi Arabia ranks among top 10 global AI investors: World Bank report

Chery hosts Riyadh media event, unveils Saudi growth vision and tech

Chery hosts Riyadh media event, unveils Saudi growth vision and tech

Saudi Capital Market Authority licenses Saaf Financial for arranging securities

Saudi Capital Market Authority licenses Saaf Financial for arranging securities

Saudi stock market index closes higher at 10,844.12 points

Saudi stock market index closes higher at 10,844.12 points

Riyadh Municipality offers investment opportunity for gated residential complex in Al Khair

Riyadh Municipality offers investment opportunity for gated residential complex in Al Khair

Dollar holds steady as markets await US inflation data

Dollar holds steady as markets await US inflation data

Alkhorayef signs SAR 101.3 million contract to operate Khobar water networks

Alkhorayef signs SAR 101.3 million contract to operate Khobar water networks

Gold rises ahead of key US inflation data, ounce tops $4,400

Gold rises ahead of key US inflation data, ounce tops $4,400

Oil prices climb amid doubts over US-Iran deal

Oil prices climb amid doubts over US-Iran deal

Najran Municipality offers 15 new investment opportunities in Bir Askar

Najran Municipality offers 15 new investment opportunities in Bir Askar

US stock indexes close lower as Amazon and Alphabet shares fall

US stock indexes close lower as Amazon and Alphabet shares fall

Ministry of Energy conducts 9,263 inspections, records 964 violations in July

Ministry of Energy conducts 9,263 inspections, records 964 violations in July

Gold surges to highest level in over two months

Gold surges to highest level in over two months

US energy secretary: 9 million barrels per day flow through Strait of Hormuz

US energy secretary: 9 million barrels per day flow through Strait of Hormuz

Sterling posts slight gains against dollar and euro as London markets close

Sterling posts slight gains against dollar and euro as London markets close

Saudi stock market closes lower at 10,833.18 points

Saudi stock market closes lower at 10,833.18 points

Insurance Authority launches innovation platform, opens regulatory sandbox registration

Bank of Jordan CEO: Saudi market highly competitive, offers major banking opportunities

Bank of Jordan CEO: Saudi market highly competitive, offers major banking opportunities

Saudi Ministry of Transport to host Global Logistics Forum in November

Saudi Ministry of Transport to host Global Logistics Forum in November

Asir Municipality offers investment opportunity for public training institute

Asir Municipality offers investment opportunity for public training institute

Saudi Contractors Authority launches workforce development program in Madinah

Saudi Contractors Authority launches workforce development program in Madinah

King Abdulaziz Port in Dammam receives transit containers from west coast via Riyadh dry port

King Abdulaziz Port in Dammam receives transit containers from west coast via Riyadh dry port

Al-Baha Chamber holds workshop on workplace rights and obligations

Al-Baha Chamber holds workshop on workplace rights and obligations

GCC says financial integration boosts economic ties and growth

GCC says financial integration boosts economic ties and growth

Ades Holding receives notices to resume operations at all offshore rigs in Saudi Arabia

Ades Holding receives notices to resume operations at all offshore rigs in Saudi Arabia

Gold hits two-month high as investors await US inflation data

Gold hits two-month high as investors await US inflation data