Category: Economy

Muscat Stock Exchange 30 Index closed up 36.1 points at 7,431.63, with trading value rising 14.4% to 53.05 million Omani riyals, reflecting market optimism.

The 18th Al-Baha Honey Festival concluded with 45 beekeepers showcasing nearly 30 tons of premium honey, attracting 100,000 visitors and supporting Vision 2030 goals.

Egyptian Exchange closes mixed on August 10, 2026, with market cap up 6 billion EGP to 4.158 trillion. EGX 30 falls 0.45%, while EGX 70 and 100 gain 2.6%.

Qatar Stock Exchange index dips 0.03% to 10,097.44 points, with 274.5 million shares traded. Market cap at 606.8 billion riyals.

Karachi Stock Exchange closes 0.07% lower at 181,310 points on August 10, 2026, with robust trading volume and balanced market performance per Saudi Press Agency.

Moringa cultivation in Saudi Arabia’s Hail region shows how a drought-tolerant desert tree delivers nutritional, environmental, and economic value under Vision 2030.

The 18th Al-Baha Honey Festival concluded with 45 beekeepers showcasing 30 tons of honey and attracting 100,000 visitors, reinforcing Saudi Vision 2030 goals.

Under the patronage of King Salman, Riyadh will host the 10th Future Investment Initiative Conference from October 26-29, 2026, under the theme ‘The Power of Legacy’.

Moringa cultivation is expanding in Hail, Saudi Arabia, with over 30,000 trees across 13 varieties, supporting Vision 2030 goals for sustainable agriculture.

Prince Muteb bin Meshal receives Dr. Iman Al-Mutairi in Sakaka to discuss business environment development and private sector empowerment in Al-Jouf.

Trade at the Buraidah International Dates Carnival exceeds SAR17.9 million in its first week, with over 2.1 million kilograms sold, boosting Saudi Vision 2030 goals.

Saudi Arabia’s International Buraidah Date Carnival records over 17.9 million riyals in first-week transactions, drawing buyers from the Gulf and worldwide.

The Ministry of Environment, Water and Agriculture concluded its farmers’ market in Rafha, promoting local produce and supporting Vision 2030 goals.

Buraidah International Dates Carnival reports over 17.9 million riyals in first-week sales, attracting global buyers and supporting Saudi Vision 2030.

The International Falcon Breeding Farms Auction in Malham, Riyadh, drives economic growth and preserves Saudi heritage, aligning with Vision 2030 goals.

The International Falcon Breeders Auction in Malham, north of Riyadh, is driving economic growth across breeding, veterinary, transport and tourism sectors in Saudi Arabia.

Buraidah International Dates Carnival’s logistics ecosystem expands Saudi date trade to over 70 countries, covering all 13 regions and 100+ cities with 600+ daily shipments.

Buraidah International Dates Carnival logistics services enable Saudi dates to reach over 70 countries through integrated transport, shipping, and distribution solutions.

Saudi Arabia’s Entrustment and Liquidation Center (Infath) recorded sales exceeding SAR10.7 billion in H1 2026, selling 3,089 assets through 814 auctions across the Kingdom.

The Al-Khabra and Riyadh Al-Khabra Dates Festival in Qassim runs 45 days with 160 outlets, boosting the date trade, creating jobs, and empowering Saudi youth.

The Social Development Bank and Namal Social Investment Company sign an agreement to launch a 10 million riyal financing portfolio supporting social investment entrepreneurs.

The Al-Khabra Dates Festival in Qassim runs 45 days with 160 outlets, creating 400 seasonal jobs and advancing Saudi Vision 2030 agricultural goals.

Egyptian Stock Exchange closed higher on August 9, 2026, with market cap gaining 55 billion EGP to 4.158 trillion EGP, driven by strong performance across indices.

The Saudi Competitiveness and Business Center delivered over 2.9 million services in H1 2026, establishing 46,890 companies and expanding to 21 branches in 16 cities.

The International Date Carnival in Buraydah highlights Al-Qassim’s role in Saudi date production, accounting for 50% of the Kingdom’s output and supporting Vision 2030.

The Riyadh Region Emirate hosted a workshop on personal financial management under the directive of Prince Mohammed bin Abdulrahman, promoting financial literacy in line with Vision 2030.

Saudi Arabia’s Ministry of Environment, Water and Agriculture deploys over 19 inspection teams across 27 routes to ensure date quality at the International Buraidah Date Carnival.

China’s consumer price index rose 0.5% year-on-year in July 2026, official data shows. The development holds implications for Saudi Arabia’s trade and Vision 2030.

More than 19 inspection teams from Saudi Arabia’s Ministry of Environment, Water and Agriculture conduct rigorous quality checks at the Buraidah International Dates Carnival.

Jazan Region leads Saudi Arabia in tropical fruit production with over 1 million mango trees yielding 65,000 tons annually, supported by SAR600 million Vision 2030 project.

Buraidah International Dates Carnival showcases Qassim Region’s production of 50% of Saudi Arabia’s dates, with 11 million palm trees yielding 580,000 tons annually.

Ministry of Commerce warns Saudi establishments against sharing commercial and personal data on unverified platforms, urging use of official channels to protect against fraud.

South Korea’s mobile app industry generated $69 billion in 2025, driven by 1.8 billion global downloads. Learn how this success aligns with Saudi Vision 2030.

Buraidah International Date Carnival showcases Qassim’s leadership, producing nearly 50% of Saudi Arabia’s dates, with 11 million palms and 580,000 tons annually.

The Social Development Bank supported 15 cottage industry families at the Farmers’ Market Festival in Rafha, advancing Vision 2030 goals for microenterprises and rural development.

Saudi Arabia’s Transport General Authority issues executive regulations for commercial goods transportation via motorcycles, moving the sector from sandbox to formal framework.

The Central Bank of Russia set its official exchange rates on Friday, August 7, 2026, raising the value of the US dollar by 47.84 kopecks against the Russian ruble to 81.4077 rubles, according to the Saudi Press Agency. The regulator also lifted the official euro rate by 86.84 kopecks to 94.0585 rubles and increased the […]

European stocks edged higher on February 24, 2026, as the healthcare sector rallied, led by Genmab’s 7.2% surge, driving the STOXX 600 to a fourth weekly gain.

Asian markets diverged on August 7, 2026, after a moderate Wall Street pullback. Oil gained over 1%, while tech stocks fell and China’s exports grew 24%.

Finland’s trade surplus rose to 9.1 billion euros in June as exports grew 6.39%, driven by pharmaceuticals and precious metals, per Finnish Customs data.

Eurostat preliminary data show euro area retail volumes fell 0.3% in June 2026, with food and non-food sales easing while fuel purchases rebounded.

The Qassim Agricultural Training Center, with the Ministry of Environment, Water and Agriculture, trains over 70 Saudi youth in date harvesting to boost quality and jobs.

Ministry of Environment, Water and Agriculture launches four-day Farmers’ Market Festival in Rafha to support local farmers and advance food security goals.

Under Saudi Ministry of Energy supervision, three PPAs and two technical cooperation agreements were signed for 760 MW solar projects in Syria with battery storage.

SAMA licenses Manasat Wasl Company to provide finance aggregation services in Saudi Arabia, advancing financial innovation, inclusion, and Vision 2030 goals.

Jeddah will host the fifth SEREDO real estate expo from September 6 to 8 at the Jeddah Superdome, bringing together developers, investors, and industry experts.

Tabuk Region accounts for nearly 40% of Saudi Arabia’s grape production with over 1.5 million fruit-bearing trees, supporting food security and Vision 2030 goals.

Tabuk region leads Saudi Arabia’s grape production with 40% share, supported by over one million grapevines and Ministry initiatives aligned with Vision 2030.

The fifth Al-Baha Goodness Festival concluded after three days at Raghadan Market, showcasing local farm produce and honey while supporting Vision 2030 goals.

South Korea recorded a record current account surplus of $49.73 billion in June 2026, driven by semiconductor exports, with a half-year surplus of $191.01 billion.

The fifth Khairat Al-Baha Festival concluded successfully, showcasing local produce and supporting farmers and beekeepers. Learn how it aligns with Vision 2030 goals.

The Social Development Bank participates in the Northern Borders Summer 2026 Festival in Arar with a pavilion for 20 cottage-industry families and female artisans.

Asian stocks declined on August 6, 2026, led by Korea and Japan, as semiconductor shares fell amid profit-taking. Investors await SoftBank earnings and U.S. payrolls data.

Gold rose 1% to $4,285.69 per ounce, a seven-week high, as a weaker US dollar and declining Treasury yields lifted demand, SPA reports from Singapore.

ZATCA urges establishments in Saudi Arabia to submit July 2026 withholding tax forms by August 10 to avoid penalties. Learn about the process, support channels, and Vision 2030 alignment.

Gold prices climbed 3% to $4,199.78 per ounce as a weaker dollar and falling U.S. Treasury yields lifted demand, with silver surging 4.2% in a broad metals rally.

Buraidah International Dates Carnival sees robust daily trading as auctions connect Saudi farmers with global merchants, boosting Vision 2030 goals.

Buraidah Food City in Qassim operates an integrated agricultural marketing system, handling 350 daily vehicles and supporting Saudi food security and Vision 2030 goals.

Al Henakiyah (1) Solar PV Plant in Madinah generates 1,100 MW, powering 190,000 homes and advancing Saudi Vision 2030 renewable energy goals.

Saudi Arabia cements its status as a global investment powerhouse with FDI inflows hitting SAR136 billion in 2025, driven by Vision 2030 reforms and the National Investment Strategy.

Najran’s 4,400 greenhouses produce over 37,000 tons of tomatoes and cucumbers, strengthening Saudi food security and supporting Vision 2030 goals.

Qassim Region, home to over 11 million palm trees, hosts the world’s largest dates carnival, a Guinness World Records-listed event boosting Saudi date exports and Vision 2030.

The Makkah Halal Forum 2025 advances the global halal industry through innovation, sustainability, and youth engagement, aligning with Saudi Arabia’s Vision 2030.

ICIEC’s supported highway project in Senegal wins two IFN Awards, highlighting Saudi Arabia’s role in promoting Islamic finance and sustainable development in Africa.

Saudi Arabia and Jordan strengthen land transport ties through a Joint Committee meeting aimed at streamlining cross-border procedures and boosting trade.

The Saudi Aerospace Connect Forum concluded with nine strategic MoUs and key announcements, strengthening Saudi Arabia’s role in the global aviation sector under Vision 2030.

Minister of Finance Mohammed Aljadaan led Saudi Arabia’s delegation at the G20 FMCBG meeting in Cape Town, discussing global economic issues and aligning with Vision 2030.

Saudi EXIM signs reinsurance agreements with Allianz Trade, Bpifrance, and AIG to enhance export confidence and mitigate risks, aligning with Vision 2030 goals.

Saudi Arabia’s NDMC successfully completes a EUR2.25 billion bond issuance, including its first green tranche, underscoring commitment to sustainability and Vision 2030.

The Makkah Halal Forum 2025 focused on innovation, technology, and blockchain to enhance halal product tracking, fostering global collaboration and trade in the halal industry.

Saudi Arabia and Kuwait complete a digital customs link at Al-Khafji and Al-Ruqai crossings and advance railway collaboration, with completion targeted before end of 2026.

The Makkah Halal Forum 2025 focused on advancing the halal industry through innovation, education, and global collaboration, aligning with Saudi Arabia’s Vision 2030 goals.

Madinah’s central dates market sees increased activity as Ramadan approaches, driven by high demand for Ajwa, Ruthana, Sukari, and Khalas dates. Learn how this aligns with Saudi Arabia’s Vision 2030.

Saudi Reef boosts fruit production to 367,000 tons, supporting rural growth and advancing Saudi Vision 2030’s food security and sustainability goals.

CIBAFI Secretary General meets SBP Deputy Governor to discuss Islamic finance cooperation, aligning with Saudi Arabia’s Vision 2030 goals.

Saudi Arabia’s ZATCA calls for excise tax returns for May and June 2026 by July 31, with penalties for late submissions. Learn how to comply and avoid fines.

The ITFC, part of Saudi Arabia’s IsDB Group, has signed a $100 million Shariah-compliant trade finance agreement with Uzbekistan’s Hamkorbank to support SMEs and green initiatives.

SAMA licenses Malaa Company for Information Technology to provide open banking services, enhancing Saudi Arabia’s financial ecosystem and supporting Vision 2030 goals.

The NDMC closed the July 2026 issuance under Saudi Arabia’s SAR-denominated Sukuk Program, allocating SAR5.349 billion in five tranches, supporting Vision 2030 goals.

Saudi Arabia and the US reviewed 31 initiatives to deepen economic ties through the TIFA Council, aligning with Saudi Vision 2030 goals for trade and innovation.

The Ministry of Commerce of Saudi Arabia has announced the 2026 Sales Season, running from August 1 to October 31, 2026, offering businesses and consumers new opportunities for growth and savings.

ZATCA calls on businesses in Saudi Arabia to submit VAT returns for June and Q2 2026 by July 31, 2026, emphasizing timely compliance to avoid fines.

The Talh honey harvest season in Tabuk, Saudi Arabia, has commenced with production exceeding 35 tons, supported by sustainable agricultural initiatives under Vision 2030.

The NDMC has successfully completed an early redemption of sukuk worth SAR17.1 billion and issued new sukuk valued at SAR17.2 billion, strengthening Saudi Arabia’s domestic debt market.

The Saudi-U.S. Business Council hosted an event in New York City to explore economic and investment partnership opportunities arising from the hosting of the 2026 and 2034 FIFA World Cups.

The International Dates Council will hold a virtual meeting on July 21, 2026, to discuss revisions to the global dates standard DDP-08, aligning with Saudi Arabia’s Vision 2030 goals.

GASTAT reports an 11.4% increase in Saudi Arabia’s operating revenues index for short-term businesses in May 2026, driven by growth in mining, manufacturing, and financial sectors.

Jeddah Islamic Port introduces a 60-day logistics incentive package to enhance supply chain efficiency and strengthen Saudi Arabia’s global trade competitiveness.

Al-Kharj Governorate produces 90,400 tons of dates annually, valued at SAR723 million, boosting Saudi Arabia’s agricultural sector and Vision 2030 goals.

Saudi Arabia’s Voluntary Carbon Market Company advances climate action and economic diversification, trading over 15M tons in credits since 2022. Learn how it supports Vision 2030.

Saudi Energy Efficiency Center extends submission deadline for Energy Efficiency Award to August 13, 2026, encouraging sustainable practices aligned with Vision 2030.

GACA participates in Farnborough International Airshow 2026 to enhance global aviation partnerships and showcase Saudi Arabia’s Vision 2030 advancements.

The AMAD Fintech Hackathon 2026 set a Guinness World Record as the largest fintech hackathon, attracting over 6,000 participants and advancing Saudi Arabia’s Vision 2030 goals.

Tuwaiq Academy and Alinma Bank successfully concluded the second edition of the AMAD Hackathon, Saudi Arabia’s largest fintech event, fostering innovation and national talent.

The U.S. Chamber of Commerce released a publication showcasing Saudi Vision 2030 achievements and the contributions of over 50 U.S. companies to its implementation.

Saudi Arabia and Greece convened a round table meeting in Riyadh to enhance trade and investment partnerships, focusing on the construction sector and aligning with Vision 2030 goals.

Buraidah launches its 75-day Dates Carnival on August 1, 2026, generating SAR4 billion and over 4,000 jobs while showcasing Qassim’s agricultural heritage.

Aseer’s 500+ farms produce over 1,000 tons of premium grapes annually using modern techniques and traditional know-how, boosting Saudi Vision 2030 goals.

Al-Baha inaugurated the 18th International Honey Festival on July 26, 2026, showcasing premium honey and supporting sustainable agriculture under Saudi Vision 2030.

Al-Ahsa’s summer okra crop is in high demand due to its superior quality, supporting local farmers and aligning with Saudi Arabia’s Vision 2030 agricultural goals.