Elliott Investment has purchased a $4 billion stake in PepsiCo amid challenges from rising prices, changing customer preferences, and ongoing inflation.

The GCC Interconnection Authority held a workshop in Dammam on September 2, 2025, titled "Enhancing Safety and Reducing Risks in Integrating Renewable Energy Sources," with participation from leaders and experts from member countries to discuss mechanisms for integrating renewable energy into Gulf electrical grids and ensuring their reliability and safety.

The Russian Zhukovsky Institute announced the development of a "Smart Pilot Assistant" system based on AI to improve flight safety and reduce reliance on the human factor, with implementation expected within two to three years.

Gold prices maintained gains above $3,500 as investors increasingly expect the U.S. Federal Reserve to cut interest rates by 25 basis points in September.

Gold prices remain above $3500 per ounce amid global economic concerns, while other precious metals like silver, platinum, and palladium showed mixed movements.

The Jordanian-Saudi Business Forum starts in Amman with broad participation from multiple economic sectors, aiming to enhance trade and investment cooperation between the two countries.

Gold prices hold above $3,500 per ounce amid expectations of a U.S. Federal Reserve interest rate cut in September, with the largest gold-backed ETF increasing its holdings. Investors await U.S. jobs data to gauge the extent of the expected rate cut.

Nearly 600 economists signed an open letter supporting Lisa Cook and the independence of the US Federal Reserve amid President Trump's attempt to remove her over mortgage fraud allegations. Cook is legally challenging her dismissal, while economists warn this threatens central bank independence.

Flaword signed a Memorandum of Understanding with the UNHCR to support the global MADE51 initiative, which empowers refugees economically by supporting their handicrafts and connecting them to international markets. Flaword will soon launch a handmade gift collection by refugees to promote sustainability and economic empowerment.

TAQA and its partners have completed a financing deal to build two new power plants in Saudi Arabia with a combined capacity of 3.6 GW, involving an investment of approximately $4 billion and contracts with global engineering and operation firms.