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Middle East conflict could test sukuk legal contracts: S&P
BUSINESS Tomas Kauer – News Moderator May 4, 2026Â –Â 21:00 Â 0 Â 1 RIYADH: The ongoing conflcit in the Middle East could expose weaknesses in...
Middle East tensions drive Saudi domestic tourism to double-digit growth
Home BUSINESS Middle East tensions drive Saudi domestic tourism to double-digit growth RIYADH: Geopolitical tensions in the Middle East, coupled with the closure...
PIF commits $550m to Lucid as Uber expands robotaxi partnershipÂ
Home BUSINESS PIF commits $550m to Lucid as Uber expands robotaxi partnership RIYADH: Saudi Arabia’s Public Investment Fund has committed a fresh $550 million...
Closing Bell: Saudi main index rises to close at 11,486
Home BUSINESS Closing Bell: Saudi main index rises to close at 11,486 RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Tuesday, gaining...
IMF cuts MENA growth forecast to 1.1% on Iran war
Home BUSINESS IMF cuts MENA growth forecast to 1.1% on Iran war DUBAI/WASHINGTON: The International Monetary Fund sharply reduced its 2026 growth forecast...
Oil prices fall as supply concerns ease on hopes for US-Iran talks
Home BUSINESS Oil prices fall as supply concerns ease on hopes for US-Iran talks LONDON: Oil prices fell on Tuesday as signs of...
Gulf economies’ strength supported regional stability during the war: IMF’s managing director
Gulf Ecomonics is a member of the Associated News Agency (AN). Gulf Economics News Magazine is the voice of the Arabian entrepreneur—where ambition...
Iran war upends IEA’s global oil market outlook
BUSINESS Tomas Kauer – News Moderator May 4, 2026 – 21:00  0  1 LONDON: The International Energy Agency sharply ​cut its forecasts for global oil...
Saudi hospitality prices decline by up to 12% amid increased supply
Home BUSINESS Saudi hospitality prices decline by up to 12% amid increased supply RIYADH: Serviced apartments and other hospitality facilities in Saudi Arabia...
Current price of oil as of May 4, 2026
As of 8:45 a.m. Eastern Time today, oil sold for $115.01 per barrel (using Brent as the benchmark, which we’ll get into momentarily)....
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