Anthropic IPO to raise as much as $64.4 billion, latest draft prospectus shows
The US company and some of its investors plan to sell shares in an indicative price band of between $70 and $78 per share, the latest draft prospectus showed
Business
Saudi Energy revenue rises 11.5% to SR87.2 billion in first nine months of 2026
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
Saudi manufacturing registrations rise 18% to over 255,000 in Q3 2026
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
Oil falls below $90 as Trump downplays prospect of escalation with Iran
The global oil market is showing signs of a return to excess supply as demand drops because of high prices, some analysts said, as OPEC oil output rises in October