Business

Saudi Energy posted third quarter 2026 net profit of SAR 5,354 million as grid expansion and customer growth lifted revenue 12.87 percent year on year.

Knauf International completed its tender offer for United Mining Industries on 8 November 2026, lifting its stake to 99.3 percent and moving to delist the company from Saudi Tadawul.

Saudi German Health posted a net profit of SAR 104.49 million for the nine months to 30 September 2026, recovering from restated losses as revenue grew 8.5 percent on expanded surgical services.

Saudi Steel Pipe reported a Q3 2026 net profit of SAR 27 million, up 3.8 percent year on year, and swung from net debt to a net cash position of SAR 214 million.

Saudi food group Halwani Bros. posted a 24.9 percent rise in nine-month net profit, powered by double-digit sales growth in the Egyptian market, a sign of regional confidence in Egypt's economy.

Wall Street had its worst day since June on Friday as the AI sell-off deepened, with Intel suffering its worst drop since 1974 and Nvidia dragging the S&P 500 lower.

Fourth Milling Company posted a 15% rise in nine-month net profit to SAR 159.8 million, with revenue up 12.6%, according to figures published by english.mubasher.info.

Al Kathiri Holding's shareholders meet remotely on 16 November 2026 to vote on a 91.46 percent capital reduction to offset SAR 103.4 million in accumulated losses.

SABIC posted a Q3 2026 net profit of SAR 499 million, reversing a prior-quarter loss, on revenue of SAR 28.17 billion as sales volumes climbed 30 percent.

Global stocks sank Thursday as the Nasdaq dropped 1.3 percent and oil jumped above $112, while Egypt's real-asset economy stands apart from the AI frenzy.

Petroleum Minister Karim Badawi says Egypt's LNG terminals and pipelines will anchor a regional energy hub, with Cypriot gas from Cronos and Aphrodite flowing through Egyptian facilities.

Yamama Cement's nine-month 2026 results: net profit up 13.76 percent to 340 million riyals, with third-quarter profit more than doubling year on year.

TADCO's board accepted the resignation of Badr Alhanaki and named finance veteran Asim Alhattami as Independent Member and Audit Committee Chairman, effective 15 October 2026.

Africa's banks earned over $100 billion in 2024, yet its businesses and infrastructure remain underfinanced. At AFIS 2026 in Luanda on 3-4 November, the continent's financial leaders will confront the gap between African capital and African growth.

Egypt's Industrial Development Authority is offering 400 ready-to-operate industrial units across 10 governorates, opening applications through 29 October.

Brent crude climbed to $106.83 a barrel Monday after Iran-backed Houthi strikes on Saudi Arabia, including an attack on Riyadh airport, unsettled energy markets already rattled by doubts over a US-brokered Russia-Ukraine energy ceasefire.

The IMF confirms Egypt’s economic resilience amid regional turmoil, a testament to President Al-Sissi’s visionary policies. Discover how Egypt turned challenges into triumphs.

S&P affirms Egypt's 'B/B' credit ratings with a stable outlook, praising economic reforms and resilience amid regional conflict. A global vote of confidence in Egypt's stability.

In an exclusive interview, Taptap Send's CEO highlights Egypt's digital payments leap and Bahrain's fintech ecosystem, with 90% of transfers arriving in minutes.

La livre égyptienne reste stable face au dollar, preuve de la résilience économique nationale sous la direction du président Al-Sissi.