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BusinessReuters8d ago

Major Saudi Banks Report Increased Q1 Profits

Several major Saudi banks, including Al Rajhi Bank, Saudi National Bank, and Arab National Bank, have reported increased profits for the first quarter of the year. This indicates a strong financial performance across the sector.

Ulema Unveil Hajj Conduct Guidelines for Pilgrims
Worldexpress-tribune10d ago

Ulema Unveil Hajj Conduct Guidelines for Pilgrims

Religious scholars (Ulema) have unveiled a set of conduct guidelines for Hajj pilgrims, urging them to adhere to Saudi rules and avoid engaging in political activities during the pilgrimage.

Worldsaudi-gazette11h ago

Saudi Date Exports Surge Up to 67% in Key Markets

Saudi Arabia has experienced a significant increase in its date exports, with gains reaching up to 67% across various key international markets. This surge highlights the growing global demand for Saudi dates.

Gulf Leaders Meet in Saudi to Discuss Iran Conflict Response
WorldReutersAl JazeeraFrance 24+13telexindex-hrYahooTimes of Indiastraits-timescyprus-maildanasvijesti-me+5 more21h ago16 sources

Gulf Leaders Meet in Saudi to Discuss Iran Conflict Response

Gulf leaders have convened in Saudi Arabia for an extraordinary summit to discuss the ongoing conflict involving Iran and to plan a collective response to Iranian strikes and the war's broader implications.

Goldman Sachs Raises Oil Price Forecasts Amid Middle East Tensions
FinancebloombergFTThe Guardian+7marketwatchYahooTimes of Indiaiefimeridavijesti-menewsbeastseeking-alpha2d ago10 sources

Goldman Sachs Raises Oil Price Forecasts Amid Middle East Tensions

Goldman Sachs has increased its oil price forecasts, attributing the rise to ongoing Middle East conflicts, reduced output, and significant inventory draws. The investment bank warns of a potential 'Hormuz shock' and suggests prices could reach $100 per barrel by year-end if supply disruptions continue.

France Freezes Spending Amid €6 Billion Iran War Fallout
WorldFTFrance 24dnevnik-bg7d ago3 sources

France Freezes Spending Amid €6 Billion Iran War Fallout

France has announced a freeze on some government spending to mitigate an estimated €6 billion financial impact attributed to the fallout from the Iran war. This measure aims to counter the economic crisis stemming from the conflict.

Middle East Conflict Damages Luxury Brands' Plans and Tourism
WorldNYTrzeczpospolita10d ago2 sources

Middle East Conflict Damages Luxury Brands' Plans and Tourism

The ongoing conflict in the Middle East is significantly impacting the business strategies of luxury brands and the tourism sector. Luxury brands are seeing their expansion plans in the region damaged, while the German tourism industry reports disruptions to bus tours.

Saudi Arabia Begins Welcoming Pilgrims as Hajj Season Commences
Worldukrainska-pravdaYahooDawn+6gulf-newsarab-newskhaleej-timesgeo-newsdhaka-tribunesaudi-gazette11d ago9 sources

Saudi Arabia Begins Welcoming Pilgrims as Hajj Season Commences

Saudi Arabia has begun welcoming the first batches of pilgrims as the Hajj season officially commences, with international arrivals landing in Madinah and Jeddah. Authorities have also clarified that visit visas are barred from Hajj access.