The news, anew
Stocks rallied Tuesday to extend a Wall Street surge led by technology firms as investors took advantage of lower prices following last week's rout, while another plunge in oil prices added to the upbeat mood. AI-linked firms led gains across the region, in stark contrast to the battering in reaction to last Tuesday's Democratic sweep of Congress that stoked regulatory concerns.
Business
Saudi Energy (SE) reported an 11.5 percent year-on-year increase in revenue to SR87.2 billion during the first nine months of 2026, while net profit rose 4.3 percent to SR12.1 billion, according to the company's latest financial results.
Business
Active commercial registrations in Saudi Arabia's manufacturing sector grew by 18 percent, while mining and quarrying registrations increased by 13 percent by the end of the third quarter of 2026, according to the Ministry of Commerce.
Business
Lucid Group has obtained $1.75 billion in additional financing from Saudi Arabia’s Public Investment Fund, increasing its total liquidity to $3.75 billion. This financial boost aims to support the company's transformation plan as it prepares to launch a new midsize vehicle lineup and continues its cash flow improvement strategy, while also progressing on a new manufacturing facility in Saudi Arabia.
