Business News Report — Business & economy news
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Business
Arabian Drilling Wins First Contract With a New Gulf Client, Shares Climb 2.29%
Arabian Drilling shares gained 2.29 percent to 89.50 riyals after the rig contractor signed a deal with a new Gulf client, following a quarter in which…
Ma’aden and Aramco Form Joint Venture to Hunt for Copper Across a Tenth of Saudi Arabia
Egyptian Industry Puts Energy Efficiency First on Its Decarbonisation Path
Egypt’s Central Bank Expected to Hold Rates for a Fourth Straight Meeting
European shares close slightly lower as Trump threatens Oman and Hormuz traffic stalls
Gold4,355▲ 0.45%
Silver63.13▼ 0.51%
Platinum1,728▲ 0.47%
Copper6.57▼ 1.20%
EUR/USD1.1576▼ 0.09%
GBP/USD1.3535▼ 0.13%
Brent fund52.11▲ 0.27%
Saudi fund38.06▲ 0.11%
UAE fund19.56▲ 0.20%
S&P 500 fund767.45▼ 0.68%
FinanceLatest stories
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China’s Financial Industry Crackdown Continues: Wang Bin Jailed
HSBC to Halt Commercial Payments Involving Russia and Ally Belarus
UBS Outlines Plan to Cut 3,000 Jobs in Switzerland
Bank of Ireland Technical Glitches Spur Warnings and Queues
NYC Court Restricts British Billionaire Amid Fraud Charges
BusinessLatest stories
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Business
Iran war splits Arab drillers: Arabian Drilling swings to a loss while ADNOC Drilling posts record quarter
Second-quarter 2026 results from four Arab drilling contractors diverge along one line: offshore rigs in the Gulf lost work, onshore and overseas operations did…
Tunisia’s Tourism Receipts Rise 4.82 Percent to 4.72 Billion Dinars by August 10
Russian Crude Output Falls to 8.88 Million Barrels a Day in July as Rystad Cuts Two-Year Forecast
US Bitcoin Funds Shed 389.7 Million Dollars in Their Worst Week Since June
Hormuz Crisis Reaches Beyond Crude Into LNG, Fertilisers and Aluminium, Says Energy Economist Anas Alhajji
Metals & commoditiesGold, silver and copper
See allExchange ratesGulf currencies, dollar and sterling
See allUnit value in US dollars
SARSaudi riyal0.2667
PeggedAEDUAE dirham0.2723
PeggedQARQatari riyal0.2747
PeggedKWDKuwaiti dinar3.2403
−0.05%BHDBahraini dinar2.6596
PeggedOMROmani rial2.6008
PeggedGBPPound sterling1.3535
−0.13%EUREuro1.1576
−0.09%Last updated
Traded fundsTracking oil and Gulf markets
See allTraded funds Tracking oil and Gulf markets
BNOBrent fund52.11
+0.27%KSASaudi fund38.06
+0.11%UAEUAE fund19.56
+0.20%SPYS&P 500 fund767.45
−0.68%NYSE-listed funds that track these markets — the prices are the funds’, not the indices’.
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