العربية
Business

Sudan’s Currency Tumbles to New Low as War Hammers Economy

Sudan's currency hit a new low of 10,000 Sudanese pounds to the dollar on Wednesday in parallel market trading, continuing a dramatic fall over recent months as wartime conditions take their toll on the economy. The rapid 60% depreciation has heaped hardship on Sudanese still trying to regain their footing after devastating conflict and forced displacement caused by the war between Sudanese ⁠armed forces and the ⁠paramilitary Rapid Support Forces, putting basic food items out of reach.

Read the full article at Asharq Al-Awsat English

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Business

Closing Bell: Saudi stock market closes lower at 9,926

On Wednesday, Saudi Arabia’s Tadawul All Share Index declined by 25.44 points, or 0.26%, closing at 9,926.62, with trading volumes at around SR4.13 billion. The Nomu parallel market also fell, reflecting broader market trends, while notable gainers included Morabaha Marina Financing Co., and significant decliners featured Ladun Investment Co.

Arab News