Dubai, United Arab Emirates — Saudi Arabia's crown prince said Thursday the kingdom wants to invest $600 billion in the United States over the next four years, comments that came after President ...

US president addresses WEF Links high inflation to oil price Trump ‘surprised’ prices still high Oil prices were down on Friday after US President Donald Trump drew a direct link between persistently high inflation and global oil prices during video remarks before the World Economic Forum in Davos,

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.

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.

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.

A Connecticut man was sentenced to over two years in federal prison on Tuesday after he fraudulently obtained loans and money for projects in Saudi Arabia. Hanibal Tayeh, 63, was sentenced by U.S ...

Gold prices fell in Saudi Arabia on Monday, according to data compiled by FXStreet . The price for Gold stood at 332.47 Saudi Riyals (SAR) per gram, down compared with the SAR 334.17 it cost on Friday. The price for Gold decreased to SAR 3,877.91 per tola from SAR 3,897.70 per tola on friday.

U.S. stocks are poised to pull back slightly from record highs as caution prevails following President Trump's remarks on tariffs and trade. The dollar faces its largest weekly drop in two months, amid investor confidence in potential Federal Reserve rate cuts.

Ultimately, global markets will determine medium- and long-term interest rates and oil prices. The caveat for Trump is that politicians who try to circumvent markets eventually lose. The price discovery mechanism, unlike politicians and bureaucrats, can’t be suppressed, bought off or rendered inert for long.

The S&P 500 ( ^GSPC) jumped over 0.5% to secure its first all-time closing high of 2025. The Dow Jones Industrial Average ( ^DJI) popped around 0.9%, while the Nasdaq Composite ( ^IXIC) recovered from earlier session losses to finish the day up about 0.2%.

Addressing the World Economic Forum in Davos, the US president (pictured) said borrowing costs in America and around the world 'should be dropping'.

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.