The third edition of the DP World T20 Development Championship started in Dubai with eight teams competing until September 3, aiming to develop cricket stars in the region.

Venezuela deploys 15,000 security forces on its border with Colombia to combat drug trafficking amid US accusations against President Maduro. Three US missile-equipped destroyers are stationed off Venezuela to conduct anti-drug operations.

A field study revealed that 92% of participants plan to buy property in Mecca and Medina, with Mecca capturing 30% of Saudi real estate demand, followed by Riyadh at 25%. The massive Masar Mecca project includes 82 hotels and over 13,000 residential units, with expected investment returns between 6% and 7%.

European natural gas prices declined as EU gas stocks dropped to 76% of capacity, down from 91% last year. Despite the fall, prices are supported by concerns over Norwegian gas maintenance and reduced optimism about a Zelensky-Putin meeting.

Oil prices rose after Ukraine escalated attacks on Russia, raising fears of disruptions to Russian oil supplies, while US interest rate cut expectations boosted global growth and fuel demand forecasts.

Gold prices fell from a two-week high as the US dollar strengthened, despite expectations of Federal Reserve interest rate cuts. The dollar index rose against major currencies, reducing gold's appeal, while Gulf and Asian stock markets gained on easing monetary policy hopes.

Inter Milan started the new Serie A season with a 5-0 home win over Torino at Giuseppe Meazza stadium, with goals from Bastoni, Thuram (2), Martínez, and Bonny.

The Central Agency for Public Mobilization and Statistics reported a 39.45% rise in computer and electronic products industry and a 10.72% rise in leather products in June, while wood and textiles industries declined by 5.90% and 6.04% respectively due to supply and demand changes.

International trade statistics for June 2025 show a 22.1% increase in non-oil exports compared to June 2024, with national non-oil exports rising by 8.4%. Chemical products led exports, and China was the main trading partner.

Saudi Minister Bandar bin Ibrahim Al-Khorayef begins official visit to the US to enhance economic cooperation and develop industrial and mining partnerships, with Saudi investments valued at $770 billion.