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Business

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

Microsoft rules out cyberattack in outage affecting 74 countries

Microsoft rules out cyberattack in outage affecting 74 countries

Microsoft has ruled out a cyberattack as the cause of a major outage impacting Outlook, Teams, and Copilot services in 74 countries, citing infrastructure overload.

Gold prices fall in Saudi Arabia as 21k drops to 411 riyals

Gold prices fall in Saudi Arabia as 21k drops to 411 riyals

Dollar holds near 19-month high as euro slips, yen steady

Dollar holds near 19-month high as euro slips, yen steady

Gold and precious metals edge higher but remain on track for weekly losses

Gold and precious metals edge higher but remain on track for weekly losses

Saudi-US Business Council and Chambers sign framework to boost investment ties

Saudi-US Business Council and Chambers sign framework to boost investment ties

Saudi Arabia targets over $40bn in mortgage refinancing by 2030

Saudi Arabia targets over $40bn in mortgage refinancing by 2030

Saudi Arabia highlights commitment to energy mix diversification at Vienna fusion summit

Saudi Arabia highlights commitment to energy mix diversification at Vienna fusion summit

Gold falls 3% to lowest global level in over a year

Gold falls 3% to lowest global level in over a year

Oil prices rise as geopolitical risks outweigh higher output

Oil prices rise as geopolitical risks outweigh higher output

Nvidia CEO Jensen Huang steps down after 33 years and scandals

Nvidia CEO Jensen Huang steps down after 33 years and scandals

SAMI local content program boosts Saudi-Turkish industrial ties at supplier day in Istanbul

SAMI local content program boosts Saudi-Turkish industrial ties at supplier day in Istanbul

European gas prices rise for third day, up 3.5 percent

European gas prices rise for third day, up 3.5 percent

Future Investment Initiative’s 10th edition rescheduled for October 2027 in Riyadh

Future Investment Initiative’s 10th edition rescheduled for October 2027 in Riyadh

Future Investment Initiative Foundation postpones 10th edition to October 2027 in Riyadh

Future Investment Initiative Foundation postpones 10th edition to October 2027 in Riyadh

Gold prices fall after US inflation data boosts dollar

Gold prices fall after US inflation data boosts dollar

Oil prices fall as Brent crude drops to $91 per barrel

Oil prices fall as Brent crude drops to $91 per barrel

Russian oil output tops 8 million barrels per day in October

Russian oil output tops 8 million barrels per day in October

US dollar climbs against major currencies on rate hike expectations

US dollar climbs against major currencies on rate hike expectations

Iran's gas deficit rises to 530 million cubic meters per day

Iran's gas deficit rises to 530 million cubic meters per day

European gas prices climb amid Middle East tensions

European gas prices climb amid Middle East tensions

Gold prices rebound after sharp losses, remain near $4,000 an ounce

Gold prices rebound after sharp losses, remain near $4,000 an ounce

New book by Nabil Al-Mubarak explores two decades of Saudi economic change

New book by Nabil Al-Mubarak explores two decades of Saudi economic change

Saudi stock market index closes higher at 10,308 points with SAR 4.7bn in trades

Saudi stock market index closes higher at 10,308 points with SAR 4.7bn in trades