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Friday, October 16, 2026 · Riyadh

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Business

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

Fed chair Warsh declines to pre-empt rate decisions, stresses price stability commitment

Fed chair Warsh declines to pre-empt rate decisions, stresses price stability commitment

Federal Reserve Chair Kevin Warsh says he will not pre-empt interest rate decisions and reaffirms the Fed’s commitment to price stability.

European gas futures rise 6% in a week on supply concerns

European gas futures rise 6% in a week on supply concerns

Gold prices rise in Saudi Arabia as 21-karat hits SAR 440

Gold prices rise in Saudi Arabia as 21-karat hits SAR 440

Oil prices edge lower in early Friday trading

Oil prices edge lower in early Friday trading

Saudi Arabia sees rapid digital transformation, says AI governance official

Saudi Arabia sees rapid digital transformation, says AI governance official

Egypt keeps fuel prices unchanged through late 2026

Egypt keeps fuel prices unchanged through late 2026

Partnerships and investment key to sustainable agricultural innovation, says Yafai

Partnerships and investment key to sustainable agricultural innovation, says Yafai

Japan and US agree on $21bn semiconductor project in New York

Japan and US agree on $21bn semiconductor project in New York

Gold prices climb over 1% after recent declines

Gold prices climb over 1% after recent declines

Dollar retreats from 18-month high despite strong US inflation data

Dollar retreats from 18-month high despite strong US inflation data

Saudi inflation rises 1.9% in September 2026

Saudi inflation rises 1.9% in September 2026

Oil prices drop as Brent crude falls to $104 per barrel

Oil prices drop as Brent crude falls to $104 per barrel

IEA warns diesel shortages to impact global economy through 2027

IEA warns diesel shortages to impact global economy through 2027

US crude and distillate stocks fall, gasoline inventories rise

US crude and distillate stocks fall, gasoline inventories rise

Saudi tax committees begin accepting VAT refund claims on real estate by individuals

Saudi tax committees begin accepting VAT refund claims on real estate by individuals

Gold prices drop over 1% in spot trading on US inflation data

Gold prices drop over 1% in spot trading on US inflation data

Dollar rises after US inflation data for September

Dollar rises after US inflation data for September

Saudi Ministry of Industry issues 438 new licenses, 189 factories begin production in July 2026

Saudi Ministry of Industry issues 438 new licenses, 189 factories begin production in July 2026

Saudi stock market index closes lower at 10,138 points on SAR 3.9bn turnover

Saudi stock market index closes lower at 10,138 points on SAR 3.9bn turnover

Zood Real Estate launches Élevée, an integrated eight-tower community in Riyadh's Al-Nakheel district

Zood Real Estate launches Élevée, an integrated eight-tower community in Riyadh's Al-Nakheel district

GCC economies resilient, expanding global partnerships a priority: Budeiwi

GCC economies resilient, expanding global partnerships a priority: Budeiwi

GCC chief highlights deepening economic partnership with China

GCC chief highlights deepening economic partnership with China

IMF chief: Saudi reforms have built buffers against war fallout

IMF chief: Saudi reforms have built buffers against war fallout

E-commerce business registrations in Saudi Arabia surge 25% by Q3 2026

E-commerce business registrations in Saudi Arabia surge 25% by Q3 2026

GCC-Asia economic partnership key to investment and infrastructure, says GCC chief

GCC-Asia economic partnership key to investment and infrastructure, says GCC chief

Oil prices rise as Brent crude hits $106.58 per barrel

Oil prices rise as Brent crude hits $106.58 per barrel

Gold prices edge lower in US trading after recent gains

Gold prices edge lower in US trading after recent gains

Aramco office building in Dhahran targeted, no injuries reported

Aramco office building in Dhahran targeted, no injuries reported

US stocks close lower as chipmaker shares extend losses

US stocks close lower as chipmaker shares extend losses

European gas prices hit highest level since 2022 amid winter supply fears

European gas prices hit highest level since 2022 amid winter supply fears

Saudi Arabia imposes anti-dumping duties up to 38.7% on Chinese aluminum can lids

Saudi Arabia imposes anti-dumping duties up to 38.7% on Chinese aluminum can lids

Islamic Development Bank and Nigeria strengthen partnership for 2026-2028 priorities

Islamic Development Bank and Nigeria strengthen partnership for 2026-2028 priorities

Saudi Steel Pipe Company wins SAR 177 million Aramco contract

Saudi Steel Pipe Company wins SAR 177 million Aramco contract

Oil prices fall 1% as traders eye potential rise in Russian diesel supply

Oil prices fall 1% as traders eye potential rise in Russian diesel supply

Gold slips as dollar strengthens, ounce priced at $4,164.45

Gold slips as dollar strengthens, ounce priced at $4,164.45

ZATCA conducts over 59,000 inspections in Q3 2026

ZATCA conducts over 59,000 inspections in Q3 2026

Eastern Province signs over 100 foreign investment contracts

Eastern Province signs over 100 foreign investment contracts

Finance minister to lead Saudi delegation at 2026 World Bank and IMF annual meetings in Bangkok

Finance minister to lead Saudi delegation at 2026 World Bank and IMF annual meetings in Bangkok

Saudi Arabia signs four energy cooperation MoUs with Mongolia, Tanzania, Cyprus and Mauritius

Saudi Arabia signs four energy cooperation MoUs with Mongolia, Tanzania, Cyprus and Mauritius

Saudi Arabia shifts from major supplier to key energy partner, expert says

Saudi Arabia shifts from major supplier to key energy partner, expert says

Saudi stock market index closes lower at 10,283 points

Saudi stock market index closes lower at 10,283 points

Saudi Arabia unveils new energy crisis response plans

Saudi Arabia unveils new energy crisis response plans

Commerce Ministry highlights AI’s role in business sector growth in Q3 report

Commerce Ministry highlights AI’s role in business sector growth in Q3 report

Saudi GDP nearly doubles over past decade, says investment minister

Saudi GDP nearly doubles over past decade, says investment minister

Saudi non-oil revenues reach $133.3 billion, deputy finance minister says

Saudi non-oil revenues reach $133.3 billion, deputy finance minister says

OPEC lowers 2024 oil demand growth forecast, sees 32% energy rise by 2030

OPEC lowers 2024 oil demand growth forecast, sees 32% energy rise by 2030

SALIC transfers ownership of National Grains Company to SABL to boost food security

SALIC transfers ownership of National Grains Company to SABL to boost food security

Saudi energy minister opens 25th World Petroleum Congress in Riyadh

Saudi energy minister opens 25th World Petroleum Congress in Riyadh

East-West Pipeline holds long-term strategic value, says energy minister

East-West Pipeline holds long-term strategic value, says energy minister

Oil prices fall after Russia-Ukraine energy facility attack truce

Oil prices fall after Russia-Ukraine energy facility attack truce

Saudi energy minister reaffirms commitment to renewable energy expansion

Saudi energy minister reaffirms commitment to renewable energy expansion

Saudi energy minister: 'Fear' not in Saudi vocabulary, Vision 2030 to continue under all circumstances

Saudi energy minister: 'Fear' not in Saudi vocabulary, Vision 2030 to continue under all circumstances

Gold prices rise as dollar and oil fall ahead of US inflation data

Gold prices rise as dollar and oil fall ahead of US inflation data

IMF chief warns AI could impact 40% of global jobs

IMF chief warns AI could impact 40% of global jobs

Riyadh Economic Forum opens today under king’s patronage

Riyadh Economic Forum opens today under king’s patronage

Saudi energy minister signs MoUs with counterparts in Kuwait, Qatar and Egypt

Saudi energy minister signs MoUs with counterparts in Kuwait, Qatar and Egypt

Saudi Arabia hosts 17th International Energy Forum ministerial meeting in Riyadh

Saudi Arabia hosts 17th International Energy Forum ministerial meeting in Riyadh

Saudi energy minister: Alternative pipelines cost far less than their absence

Saudi energy minister: Alternative pipelines cost far less than their absence

Tazweed to participate in 25th World Petroleum Congress in Riyadh

Saudi stock market index closes lower at 10,360 points

Saudi stock market index closes lower at 10,360 points

Saudi economic resilience and East-West pipeline expansion boost investor confidence

Saudi economic resilience and East-West pipeline expansion boost investor confidence

Energy sector faces exceptional challenges amid Hormuz Strait disruptions

Energy sector faces exceptional challenges amid Hormuz Strait disruptions

Oil prices climb as Hurricane Isaias halts Gulf of Mexico output

Oil prices climb as Hurricane Isaias halts Gulf of Mexico output

SDAIA boosts national talent in quantum computing with specialized programs

SDAIA boosts national talent in quantum computing with specialized programs

Ministry of Energy records 723 violations in 14,335 inspections in September 2026

Ministry of Energy records 723 violations in 14,335 inspections in September 2026

Gold hits one-week high as inflation fears ease, ounce at 4186.04 dollars

Gold hits one-week high as inflation fears ease, ounce at 4186.04 dollars

Ministry of Energy records 723 violations in September 2026 inspections

Ministry of Energy records 723 violations in September 2026 inspections

Gold prices rise in Saudi Arabia as 21-karat hits 442 riyals

Gold prices rise in Saudi Arabia as 21-karat hits 442 riyals

World Bank hails Saudi Arabia as global model for AI governance

World Bank hails Saudi Arabia as global model for AI governance

Oil prices fall after Trump comments on Iran

Oil prices fall after Trump comments on Iran

East-West pipeline prevented oil prices from exceeding $200, expert says

East-West pipeline prevented oil prices from exceeding $200, expert says

Oil prices surge over 5% amid Middle East supply concerns

Oil prices surge over 5% amid Middle East supply concerns

Seven real estate opportunities up for auction at Dana Riyadh

Seven real estate opportunities up for auction at Dana Riyadh

Saudi central bank chief affirms banking sector strength amid market tensions

Saudi central bank chief affirms banking sector strength amid market tensions

Saudi Arabia and UAE sign MoU to boost rail and power links

Saudi Arabia and UAE sign MoU to boost rail and power links

Nearly 3,000 Jeep Grand Cherokees recalled in Saudi Arabia over airbag defect

Nearly 3,000 Jeep Grand Cherokees recalled in Saudi Arabia over airbag defect

Saudi Arabia attends 57th GCC Industrial Cooperation Committee meeting in Manama

Saudi Arabia attends 57th GCC Industrial Cooperation Committee meeting in Manama

Makkah Chamber hosts workshop on AI and digital transformation in business

Makkah Chamber hosts workshop on AI and digital transformation in business

Second edition of Future Minerals Pioneers competition launched in Riyadh

Second edition of Future Minerals Pioneers competition launched in Riyadh

Forty economic and development projects open for public feedback on Estitlaa platform

Forty economic and development projects open for public feedback on Estitlaa platform

Monsha’at hosts e-commerce roadshow in Alkhobar to support entrepreneurs

Monsha’at hosts e-commerce roadshow in Alkhobar to support entrepreneurs

Najran deputy governor, stc officials discuss telecom upgrades

Najran deputy governor, stc officials discuss telecom upgrades

Apparel Group launches Ivy, Gulf region’s first AI-powered fashion platform

Apparel Group launches Ivy, Gulf region’s first AI-powered fashion platform

US and Russia discussed gas sales to Europe amid Ukraine war

US and Russia discussed gas sales to Europe amid Ukraine war

Saudi Exports Authority delegation discusses cooperation with Syria

Saudi Exports Authority delegation discusses cooperation with Syria

Saudi agriculture ministry unveils new investment opportunities across regions

Saudi agriculture ministry unveils new investment opportunities across regions

Saudi business confidence index records 56.6 points in September 2026

Saudi business confidence index records 56.6 points in September 2026

Saudi Central Bank governor joins Istanbul Economic Forum panel

Saudi Central Bank governor joins Istanbul Economic Forum panel

Gold prices edge higher after hitting two-month low

Gold prices edge higher after hitting two-month low

Oil prices climb as Brent tops $101 amid Middle East supply fears

Oil prices climb as Brent tops $101 amid Middle East supply fears

US stocks close lower on Wednesday as Dow drops 341 points

US stocks close lower on Wednesday as Dow drops 341 points

Oil prices fall at close after volatile session

Oil prices fall at close after volatile session

US crude oil futures fall 1.3% to $88.28 per barrel

US crude oil futures fall 1.3% to $88.28 per barrel

US Federal Reserve officials signal possible rate hike before year-end

US Federal Reserve officials signal possible rate hike before year-end

Gold prices hit two-month low as dollar strengthens

Gold prices hit two-month low as dollar strengthens

Syria expects up to 1,000 Iraqi oil trucks daily, Bloomberg reports

Syria expects up to 1,000 Iraqi oil trucks daily, Bloomberg reports

MEPCO sues Ministry of Environment and National Water Company for SAR 77.3 million over expropriated land

Saudi stock market index closes lower at 10,542 points

Saudi stock market index closes lower at 10,542 points

Saudi oil output and exports rebound to pre-Iran war levels, says economy ministry chief

Saudi oil output and exports rebound to pre-Iran war levels, says economy ministry chief

FII and Arthur D. Little report identifies five global EV funding gaps

FII and Arthur D. Little report identifies five global EV funding gaps

Saudi Arabia takes part in 71st GCC commercial cooperation meeting in Riyadh

Saudi Arabia takes part in 71st GCC commercial cooperation meeting in Riyadh

Qassim Municipality signs SAR 9.4 million development deals in Uyun Al-Jiwa and Al-Basr

Qassim Municipality signs SAR 9.4 million development deals in Uyun Al-Jiwa and Al-Basr

ASEAN ambassadors review Gulf electricity interconnection in Dammam

ASEAN ambassadors review Gulf electricity interconnection in Dammam

Qassim Municipality signs investment contracts worth over 7.7 million riyals in Uyun Al-Jiwa

Qassim Municipality signs investment contracts worth over 7.7 million riyals in Uyun Al-Jiwa

Islamic Development Bank launches $2.56bn partnership strategy with Indonesia

Islamic Development Bank launches $2.56bn partnership strategy with Indonesia

Gulf trade and industry ministers hold 15th consultative meeting in Manama

Gulf trade and industry ministers hold 15th consultative meeting in Manama

Oil prices climb as Brent tops $101 amid Hormuz tensions

Oil prices climb as Brent tops $101 amid Hormuz tensions

Aramco awards KBR contract to upgrade Marjan offshore facilities

Aramco awards KBR contract to upgrade Marjan offshore facilities

Gold prices steady as investors await Fed meeting minutes

Gold prices steady as investors await Fed meeting minutes

Saudi Arabia sees 273 million point-of-sale transactions in a week, topping SAR 16 billion

Saudi Arabia sees 273 million point-of-sale transactions in a week, topping SAR 16 billion

Oil prices rise at Wednesday open as Brent tops $101

Oil prices rise at Wednesday open as Brent tops $101

US stocks close higher on Tuesday as oil steadies, Treasury yields fall

US stocks close higher on Tuesday as oil steadies, Treasury yields fall

Oil prices steady as Middle East exports offset supply risks

Oil prices steady as Middle East exports offset supply risks

Saudi POS transactions top 273 million in a week, exceeding SAR 16 billion

Saudi POS transactions top 273 million in a week, exceeding SAR 16 billion

Gold prices rise as US rate hike expectations ease

Gold prices rise as US rate hike expectations ease

Saudi, Bahraini ministers discuss boosting industrial cooperation in Manama

Saudi, Bahraini ministers discuss boosting industrial cooperation in Manama

Saudi stock market closes higher at 10,589 points

Saudi stock market closes higher at 10,589 points

Shell CEO: Middle East oil flows near 80% of pre-war levels

Shell CEO: Middle East oil flows near 80% of pre-war levels

Saudi franchise committee promotes local brands at Moscow expo

Saudi franchise committee promotes local brands at Moscow expo

Food Security Authority disburses second payment to local wheat farmers

Food Security Authority disburses second payment to local wheat farmers

Edaa implements capital increase for The Saudi Investment Bank shareholders

Edaa implements capital increase for The Saudi Investment Bank shareholders

5.8 million barrels of oil now transported daily via East-West Pipeline

5.8 million barrels of oil now transported daily via East-West Pipeline

National Building and Marketing resubmits application to move to Tadawul main market

National Building and Marketing resubmits application to move to Tadawul main market

Watani Iron and Steel shares debut on main market today

Watani Iron and Steel shares debut on main market today

Gold prices dip as stronger dollar weighs, ounce at $4,128.69

Gold prices dip as stronger dollar weighs, ounce at $4,128.69

Gulf oil flows rebound in September to 81% of pre-war levels

Gulf oil flows rebound in September to 81% of pre-war levels

Saudi anti-commercial concealment program conducts 1,861 inspections in September

Saudi anti-commercial concealment program conducts 1,861 inspections in September

Gold holds steady as strong dollar, bond yields offset Fed outlook

Gold holds steady as strong dollar, bond yields offset Fed outlook

Euro hits 17-month low against US dollar amid French budget fears

Euro hits 17-month low against US dollar amid French budget fears

Aramco CEO calls for global cooperation to boost energy sector resilience

Aramco CEO calls for global cooperation to boost energy sector resilience

Riyadh to host Saudi Agriculture Exhibition 2026 with over 330 exhibitors

Riyadh to host Saudi Agriculture Exhibition 2026 with over 330 exhibitors

Energy expert outlines four signals behind OPEC+ oil output decision for November

Energy expert outlines four signals behind OPEC+ oil output decision for November

Saudi travel tech firm Maqueen enables hotel price comparison via Claude AI

Saudi travel tech firm Maqueen enables hotel price comparison via Claude AI

Saudi East-West oil pipeline operating normally, source says

Saudi East-West oil pipeline operating normally, source says

Aramco CEO: Oil market pressures to persist until Hormuz fully reopens

Aramco CEO: Oil market pressures to persist until Hormuz fully reopens

Tadawul approves Al Ahli Capital as market maker for three major stocks

Tadawul approves Al Ahli Capital as market maker for three major stocks

US-China AI gap narrows to record low as Chinese firms advance

US-China AI gap narrows to record low as Chinese firms advance

US dollar rises against major currencies as Treasury yields climb

US dollar rises against major currencies as Treasury yields climb