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US President Donald Trump announced that he would aim to lower interest rates at the Federal Reserve’s meeting, which began on the same day.Meanwhile, Federal Reserve Chairman Jerome Powell explained that the Fed is in a good position to wait for economic development before taking other steps.political controversyAfter two weeks of bitter political and legal wrangling between Federal Reserve officials and President Donald Trump’s administration, the Fed will try to keep this week’s interest rate meeting as simple and calm as possible, but Trump is unlikely to be satisfied with the outcome.The U.S. central bank’s Open Market Committee, which oversees…

Saudi National Bank (SNB) reported net profit attributable to shareholders of SAR 25.01 billion in 2025, an increase of 18.02% per year from SAR 21.19 billion. According to the earnings results, earnings per share (EPS) for 2025 was SAR 4.04, up from SAR 3.44 year-on-year (y-o-y). Meanwhile, customer deposits increased by 9.72% to R636.09 billion in the January-December 2025 period from R579.76 billion in the same period last year. Total assets in 2025 increased by 9.59% year-on-year from SR1.1 trillion to SR1.21 trillion, and investments increased by 9.41% to SR320 billion from SR292.48 billion. As at end-September 2025, SNB generated…

COGNNA secures $9.2 million in Series A to accelerate global expansion Press Release • December 3, 2025 edit arabic Saudi Arabia-based cybersecurity startup COGNNA has raised $9.2 million in a Series A round led by Impact46, co-led by BNVT Capital, with participation from Vision Ventures and Tali Ventures. Founded in 2022 by Ibrahim Alshamrani and Ziyad Alshehri, COGNNA uses AI and advanced data analytics to detect threats within customers’ systems and networks. With the new funding, the company plans to make significant investments in product development, sales expansion, operations, and team growth, while evolving its AI capabilities and expanding its…

• طريقة فعّالة للعطاء مع سلة الخير الرمضانية بالتعاون مع بنك الطعام السعودي• خصومات تصل إلى 50% على جميع الفئات، بالإضافة إلى خصومات إضافية من بنك الراجحي، وبنك الأول، وبنك الرياض، وخيارات دفع مرنة، وإمكانية الوصول المبكر لأعضاء برايم• إطلاق خدمة البحث المرئي المدعوم بالذكاء الاصطناعي من «أمازون لينس» في الوقت المناسب لشهر رمضان، مما يجعل التسوق أسرع وأسهلأعلنت أمازون السعودية عن إطلاق مجموعة من العروض المميزة ضمن تخفيضات شهر رمضان لهذا العام، والتي تبدأ من 28 يناير وحتى 14 فبراير، مع إتاحة إمكانية وصول مبكر وحصري لأعضاء برايم ابتداءً من 27 يناير، عبر الموقع Amazon.sa/ramadan وتتيح التخفيضات للعملاء في…

Mohamed Al Darawi, President of the International Employment Federation of Egypt, said that the Federation is participating in the Third International Labor Market Conference in the Kingdom of Saudi Arabia, underscoring the crucial role of the Federation as the voice of Egypt’s private employment services sector, and with a desire to deepen the framework of cross-border cooperation to build a flexible, inclusive and future-ready labor market in the Middle East region, underscoring the need for regional cooperation and strengthening the labor market. Respond to rapid changes in the workforce.”The Egyptian-Saudi labor market relationship is not just a historical relationship, but…

PureLab, operator of the Middle East’s largest laboratory network and a subsidiary of PureHealth, is collaborating with LODD Autonomous, a leading developer of advanced air mobility and autonomous flight systems, to run a pilot project using unmanned aerial vehicles (UAVs) to transport blood samples between SEHA Sheikh Khalifa Medical City (SKMC) and PureLab’s Abu Dhabi headquarters. The partnership was launched with a memorandum signing ceremony during Abu Dhabi Autonomy Week (ADAW), hosted by the Smart Autonomous Systems Council (SASC), with support from the Abu Dhabi Investment Authority (ADIO). This initiative aims to improve and accelerate the speed and efficiency of…

Nabt, a Saudi agricultural technology company, has raised $3.4 million in a seed extension round, bringing total funding to $5 million. The round was led by SHG Group, with continued participation from Meraku Capital and selected angel investors. Founded in 2022 by Abdullah Alotaibi, Nabt operates a B2B marketplace that connects farmers and businesses directly. The new funding will support Nabt’s expansion into additional Saudi cities, expand its fresh production portfolio, expand its customer base, and strengthen its operational infrastructure. press release: Riyadh, Saudi Arabia – Nabt, an innovative Saudi agritech company modernizing the fresh produce ecosystem, today announced the…

A meaningful way to give back with Ramadan Al Khair Baskets in partnership with Saudi Food BankUp to 50% off across 20+ categories, additional discounts from Al Rajhi Bank, SAB, Riyadh Bank, flexible payment options, and early access for Prime membersAmazon Lens AI-powered visual search launches just in time for Ramadan, making shopping faster and easierAmazon.sa has announced its annual Ramadan sale, which will run from January 28 to February 14, with early access exclusively for Prime members beginning January 27. The sale offers thousands of deals with up to 50% off across all categories, while giving customers a meaningful…

In a move that reflects Saudi Shawarma House Restaurant Company’s ambition to innovate and grow its presence in the sports and entertainment scene, Shawarma House has announced the launch of a limited edition four-meal menu exclusively for Al Hilal Club, as part of a distinctive collaboration linking one of Saudi Arabia’s most famous restaurants, Shawarma House, with one of Saudi Arabia’s largest clubs, Al Hilal. This collaboration confirms Shawarma House’s position as a leading Saudi brand offering authentic local flavors and high quality, as special meals are carefully designed to suit Al Hilalfan’s tastes, using a variety of products and…

Gold hit a new record level yesterday (Tuesday), surpassing the $5,100 per ounce level and hitting $5,120 for the first time, continuing its historic rally as investors flocked to safe-haven assets.The yellow metal rose 64% during 2025, supported by easing US monetary policy and increased demand from central banks, and witnessed a significant rally to $5,120 in the first month of 2026, driven by China extending its wave of gold purchases into the 14th month of December and record inflows into exchange-traded funds.Gold prices are witnessing an unprecedented and historic rise, posting a record 100% increase in one year. Ironically,…