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The producer price index in Saudi Arabia rose 1% year over year in February, after a 0.4% uptick in the previous month, according to data from the General Authority for Statistics released Wednesday.On a monthly basis, the index was stable.
The International Monetary Fund trimmed its economic growth forecast for Saudi Arabia in 2026, citing the "direct impact" of the Middle East war on the kingdom, particularly on commodity production and exports.In its latest World Economic Outlook published Tuesday, the IMF now expects Saudi Arabia's gross domestic product to increase 3.1% in 2026, down by 1.4 percentage points from its prior forecast. The Saudi economy is then expected to rebound in 2027, with the IMF's projection up by 0.9 percentage point to 4.5%.For inflation, consumer price growth is seen averaging 2.3% in 2026, before slowing to 2.1% in 2027.
Saudi Exchange-traded shares closed Tuesday higher as the potential resumption of the talks between Iran and the US pushed the Tadawul All Share Index to 0.52% in the green.Sources said that the US and Iran are said to resume their discussions in Pakistan on ending the war, Reuters reported. The sources added that the talks in Islamabad might happen by the end of the week."Oil prices fell back below USD100/bbl overnight on the news that US and Iran might resume talks ahead of the end of the two-week ceasefire. Amid the additional US blockade of the Strait of Hormuz and an end to the Russian sanctions' waiver that allowed purchasing of oil from Russian tankers already at sea, the oil market seems optimistic that supply constraints will start to ease in the short term. The waiver that allowed purchasing of Iranian oil is set to expire on 19 April, but its significance is reduced due to the ongoing blockade in the Strait," Danske Bank said in a note.In other news, market watchers await the International Monetary Fund's latest world economic outlook report later in the day.Back at home, Academy of Learning Co. (SASE:9541) shares ticked up 0.58% as its Learning Private Schools Co. subsidiary entered a 30-year lease for an educational complex that will be used for private education services.Meanwhile, Saudi Aramco's (SASE:2222) Aramco Digital unit entered a project that will use industrial artificial intelligence of things group Cumulocity's platform to boost its fleet management operations in Saudi Arabia. Shares of the oil giant closed 0.87% lower.
The Tadawul Share Index closed Monday 0.99% higher as the full restoration of oil pumping capacity at Saudi Arabia's East-West pipeline overshadowed the gloom from the results of the US-Iran talks.The damage from attacks last week led to the loss of 700,000 barrels per day in pumping capacity, but the repairs brought the pipeline back to 7 million barrels per day. "This quick recovery reflects the high operational resilience and crisis management efficiency of Saudi Aramco (SASE:2222) and the Kingdom's energy ecosystem as a whole, thereby enhancing the reliability and continuity of supplies to local and global markets, and supporting the global economy," the Saudi Ministry of Energy said in a statement on X.Meanwhile, oil prices rose with news of the US plans to block the Strait of Hormuz. US President Donald Trump said in a Truth Social post that ships to and from the Strait will be potentially attacked."By announcing an impending blockade of the Strait, President Trump may be signaling that he is not prepared to cut his losses just yet. In pursuing this strategy, President Trump may be calculating that China will become more active in negotiations if it faces a cutoff of Iranian cargoes to its refineries," RBC Capital Markets said in a note. "Also, it may prove to be a far more challenging undertaking to blockade Iran than Venezuela, and we would anticipate Tehran will increase attacks on regional energy facilities, including critical derisking infrastructure, if President Trump backs his threat with action."Back at home and on the corporate front, Edarat Communication and Information Technology (SASE:9557) closed flat as its board proposed to repurchase shares, as well as boost its capital to 75.6 million Saudi riyals via bonus share issues.Looking ahead to the rest of the week, the local economic releases calendar's only entries are the March inflation print and wholesale price figures, both on Wednesday.
The Tadawul All Share Index closed Sunday trading 0.25% lower amid market jitters as the US and Iran walked away from their discussions in Pakistan without coming to an agreement.The Iranian delegation cited the US' lack of trust in its "forward-looking initiatives" and "excessive demands" as some of the reasons why the talks failed."We consider every mirror to be another method of authority diplomacy, alongside military struggle, for upholding the rights of the Iranian nation, and we will not for a moment cease our efforts to consolidate the achievements of the forty days of Iran's national defense," Iran's Parliament Speaker Mohammad Baqer Qalibaf said in an X post.Further to this, Pakistan's Foreign Minister Ishaq Dar noted that it is "imperative" that both sides hold up their two-week ceasefire deal, which started on April 8.Back at home, Ades Holding (SASE:2382) shares closed 1.21% in the green as it secured a one-year extension to its premium jackup rig drilling contract with Chevron Nigeria.Meanwhile, Al Kuzama Trading (SASE:9636) is poised to take a 25% stake in Unique Food Catering Co. from its owner, Bandar Khalid Abu Saman. The restaurant chain operator will purchase the stake for 35 million Saudi riyals. Shares surged 8.91% at closing.
Saudi Arabia resumed pumping through the East-West pipeline at full capacity of 7 million barrels per day and recovered 300,000 bpd of affected volumes from the Manifa field production, the kingdom's energy ministry said Sunday.The operations were impacted by Iranian strikes since the US and Israel's war against Iran broke out on Feb. 28.The Ministry of Energy said work is still in progress to restore full production capacity at the Khurais field.
The KOF Swiss Economic Institute's global economic barometers diverged in April but remained slightly above the 100-point level, indicating continued "moderate" economic growth across the world, despite the uncertainties created by the US/Israel-Iran war.The coincident global barometer declined 0.2 point to 102.1 points, while the leading barometer rose 1.7 points to 102.9 points, according to a Friday release.The decrease in the coincident barometer was mainly due to negative contributions from Europe and the Asia, Pacific & Africa region. On the other hand, the increase in the leading barometer was largely attributed to positive contributions from the Western Hemisphere and the Asia, Pacific & Africa region.
The Tadawul All Share Index closed Thursday muted at 0.04% in the green as investors assessed the latest Saudi Arabian industrial production volumes and business optimism indicator.Official preliminary data from Saudi Arabia's General Authority for Statistics showed that the industrial production index rose 8.9% year over year in February. Month over month, industrial production edged down 0.2%."The index of oil activities in February 2026 increased by 11.5% compared to the same month of the previous year. The index of non-oil activities increased by 2.4%. Based on the month-on-month trend, the index for oil activities decreased by 0.1%, and the index of non-oil activities decreased by 0.4%," the statistics agency added.Meanwhile, the kingdom's business confidence index in March came in at 52.1 points, down from 60.7 in February. The separate confidence indices for the industry, construction and services all fell during the period but remained above 50 points.Zooming out, Israel launched attacks targeting Lebanon's Hezbollah. The strikes sparked concerns about the US-Iran ceasefire breaking down, with Iran warning that a deal would not be reached if Israel continued to bomb Lebanon.Back at home and on the corporate front, International Human Resources Co. (SASE:9545) secured a project to deliver human resources services to Elm Co. (SASE:7203) during the Hajj season. Shares of the human resources consulting company ticked up 3.02%, while the digital services company closed 1.21% lower.
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