Jamjoom Fashion, a Saudi retail company, aims to raise 346 million riyals ($92.3 million) through an initial public offering on the Nomu parallel market. The company has set […]
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Morgan Stanley Approved as Market Maker for 18 Tadawul-Listed Stocks
Saudi Exchange (Tadawul) has authorized Morgan Stanley Saudi Arabia to act as a market maker for 18 listed equities, effective Tuesday. The designation covers securities traded on both […]
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Saudi Stock Index Drops 0.3% to Close at 10,671 Points
The Saudi stock market ended the trading session with a 0.3% decline, closing at 10,671 points. Fourteen sectors recorded losses, led by energy, which fell 0.82%, followed by […]
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Ninja Express Explores IPO on Saudi Stock Exchange
Ninja Express, a leading on-demand delivery platform in Saudi Arabia, is reportedly preparing for a potential initial public offering (IPO) on the local stock exchange. According to sources […]
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Economic Expert: 2% Interest Rate Cut Reshapes Investor Behavior, Stock Market Emerges as Top Destination
Economist Dr. Samir Ruauf commented on the recent 2 percent reduction in interest rates, noting that its impact varies depending on investors’ financial capacity. He explained that investment […]
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White House Advisor Kudlow Rules Out Currency Market Intervention
White House economic advisor Larry Kudlow announced that the United States does not intend to intervene in foreign exchange markets, dismissing speculation about potential government action to influence […]
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Stock Market Declines Following Weak Consumer Sentiment and Inflation Concerns
U.S. equity markets declined significantly after new data revealed rising inflation expectations and weakening consumer confidence. The latest University of Michigan consumer sentiment index dropped to 58.2 in […]
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Dollar Edges Lower Amid Mixed U.S. Data and Fed Rate Cut Speculation
The U.S. dollar ended Friday slightly lower, with the dollar index (DXY00) declining by -0.02%. Early gains reversed after weaker-than-expected economic data, including the August MNI Chicago PMI, […]
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Global Trade Shifts and the Weakening Dollar
The US dollar experienced its worst six-month performance since 1973, declining by 11 percent from January, amid President Donald Trump’s aggressive trade policies targeting both allies and adversaries. […]
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Currency and Commodity Markets React to Geopolitical and Policy Shifts
The foreign exchange market is showing notable movement following the strengthening of the Chinese yuan. The yuan reached its highest level against the U.S. dollar since November 2024, […]