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Reuters/Denis Balibouse A bar of gold at Swiss refiner Metalor. US gold futures gained 0.7 percent to reach $3,061 Gold soared to a record high on Thursday, as the US Federal Reserve hinted at a possible easing of interest rates by half a percentage point by the end of the year. The news further fostered bullion’s appeal amid ongoing geopolitical and economic woes. Spot gold rose 0.2 percent to $3,052.92 an ounce as of 00:30 GMT. Bullion reached an all-time high of $3,055.31 per ounce earlier in the session. US gold futures gained 0.7 percent to $3,061. The Fed announced on Wednesday it had held…

Reuters/Denis Balibouse The Sicpa Oasis validator system (bullion protect) is pictured on one-kilogramme bar of gold at Swiss refiner Metalor in Marin near Neuchatel, Switzerland Gold soared to a record high on Thursday, as the US Federal Reserve hinted at a possible easing of interest rates by half a percentage point by year-end, which further fostered bullion’s appeal amid ongoing geopolitical and economic woes. Spot gold rose 0.2 percent to $3,052.92 an ounce as of 00:30 GMT. Bullion reached an all-time high of $3,055.31 per ounce earlier in the session. US gold futures gained 0.7 percent to $3,061.00. The Fed announced on Wednesday it…

Spinneys, the UAE’s leading premium fresh food retailer, has announced the launch of its first-ever store in Riyadh, as part of a wide expansion plan throughout The Kingdom of Saudi Arabia.   Its first store in Saudi Arabia will be in La Strada Yard in the popular An Nuzha district of Riyadh, spanning a retail space of 43,520 square feet. The store will bring its unique, high-quality, fresh offerings to the Saudi market, including an extensive selection of baked goods, fresh meats, dairy, and pantry staples. All of these will be produced on-site, with in-house production capability critical to Spinneys’…

TVM Capital Healthcare, an international healthcare expansion and growth capital firm, today announced a USD 35 million investment in Boston Oncology Arabia, a bio-generic drugs manufacturing company based in the Kingdom of Saudi Arabia.   From its headquarters in Riyadh and production facility in Sudair Industrial City, Boston Oncology Arabia provides vital medicines for critical conditions through the local development and manufacturing of internationally licensed, best-in-class therapeutics.   Saudi Arabia’s growing demand for locally manufactured, life-saving specialty drug treatments positions the company to become one of the Kingdom’s key providers of specialty generics and biosimilar medications. By using already approved…

Bupa Arabia for Cooperative Insurance has launched an innovative service, the first of its kind in Saudi Arabia, allowing employees covered under the company’s client insurance policies to easily upgrade their maternity coverage and select hospital room types through the Bupa Arabia mobile app.   The service aims to enable employees to manage their insurance coverage to better suit their needs and preferences, including room type, within one minute via the Bupa Arabia app, without the need to contact the insurance company or visit any of its branches. This provides customers with convenience and the necessary healthcare during critical moments…

Abdul Latif Jameel Motors, an authorized distributor of Toyota vehicles in Saudi Arabia since 1955, unveiled the all-new Land Cruiser Prado, setting a new benchmark in luxury, performance, and off-road prowess in Saudi Arabia.   Crafted to dominate any terrain with unparalleled sophistication, the 2024 Land Cruiser Prado boasts an array of advanced features designed to redefine the SUV experience. With its sleek modern design seamlessly combining heritage with modernity, this “Game Changer” delivers unmatched performance and elegance. From the bustling city streets to the challenging desert terrains, the Land Cruiser Prado is poised to elevate the guests’ driving experience…

This four-day shopping festival, running from March 19 to 22, 2025, promises an unmatched shopping experience across all LuLu stores in Saudi Arabia. With massive discounts on a wide selection of products, it’s the perfect time to stock up, refresh your home, and complete your Eid shopping—all at amazing prices!LuLu Hypermarkets is set to launch its highly anticipated LuLu on Sale (LOS) campaign in Saudi Arabia. For the second time, LuLu customers in the Kingdom will experience this iconic sale, featuring an impressive 50% discount on a broad range of merchandise, including everything you need for your Eid celebrations, daily…

Alamy via Reuters Connect Shoppers at Kuwait City’s central souq. Debt reforms approved by the cabinet will help fund Kuwait’s diversification plans Premier index outdoes Gulf rivals Draft debt law approved on Monday Trading in Kuwaiti stocks rises sharply Kuwait’s stock market is the Gulf’s top performer this year as local and foreign investors bet that economic reforms and increased infrastructure spending will bolster corporate profits. Investors seem more confident Kuwait will make good on its long-awaited plans following the suspension of parliament last May. Parliament and the government were often at loggerheads, derailing efforts to invigorate the country’s non-oil…

  The range features an oil serum and cream designed to reduce the appearance of dark spots and stretch marks, catering specifically to women’s skincare needs in Saudi Arabia and the wider GCC region. Catering to Specific Skincare Needs Uneven skin tone and stretch marks are major concerns for women in Saudi Arabia, affecting nearly one in four without a clear solution. NIVEA’s LUMNIOUS630 Even Skin Tone range is designed to address these issues, empowering Saudi women to embrace their skin confidently.   Efficacy and Innovation After a decade of research, NIVEA created the patented LUMINOUS630® enzyme, which controls melanin…

Toshiba Energy Systems and Solutions Corporation (“Toshiba”) has installed and activated seven gas insulated transformers (GIT) in the Haram 2 and Haram 3 substations serving Makkah, Saudi Arabia, significantly contributing to a safer, more reliable power supply.   The project was commissioned by Saudi Electricity Company as a major upgrade to crucial urban infrastructure relied on by millions of people and involved replacing oil-insulated transformers with seven GITs for 110 kV-class substations.   Makkah is a city that hosts millions of pilgrims every year. Serving this large population requires safe, reliable infrastructure that delivers uninterrupted power supply year-round. Saudi Electricity…