Saudi Arabia's economy returned to growth in 2024, with real gross domestic product increasing 1.3% compared to the previous year, preliminary government data released on Thursday showed, with non-oil sector activities lifting overall GDP.

The Federal Reserve held interest rates steady on Wednesday, just days after President Donald Trump called on the central bank to lower them. The announcement put the central bank on a potential collision course with Trump, though a longstanding norm of independence typically insulates the Fed from direct political interference.

The president says he wants Opec and Saudi Arabia to bring down the price of oil which he says is fuelling the Russia-Ukraine war.

President Donald Trump on Thursday said he will call for a lowering of U.S. interest rates, exerting pressure on the Federal Reserve despite a longstanding norm of political independence at the central bank.

Saudi Arabia aims to diversify its economy as part of the country’s long-term economic transformation plan, Finance Minister Mohammed Al-Jadaan tells Bloomberg at the World Economic Forum in Davos, Switzerland.

WASHINGTON — President Donald Trump spoke to Saudi Arabia's Crown Prince Mohammed bin Salman on Wednesday in the first call with a foreign leader of his second term, appearing to renew efforts ...

Hikers and truffle hunters in Saudi Arabia have been issued a stern warning by the Kingdom's Special Forces for Environmental Security regarding violations of environmental regulations.

The Federal Reserve on Wednesday will announce its latest decision setting the level of interest rates, just days after President Donald Trump called on the central bank to lower them. Investors widel

The International Monetary Fund on Friday lowered its growth forecast for the Middle East and North Africa this year, largely reflecting a slowdown in Saudi Arabia's economy due to Opec+ production cuts.

President Donald Trump took his America First economic platform to the international community Thursday, promoting tax cuts, oil extraction, and tariffs at the World Economic Forum at Davos.

The pressure from the president has not influenced the U.S. monetary policy, which considers the situation "balanced.". Just six days after Donald Trump demanded in Davos that central banks around the world lower interest rates,

The central banks in the six-nation Gulf Cooperation Council (GCC) have aligned with the US Federal Reserve to hold their interest rates steady. The Central Bank of the UAE will maintain its base rate on overnight deposit facility (ODF) at 4.