Saudi Minister Bandar Al-Kharaif has begun an official visit to the US to lead a high-level delegation aimed at strengthening economic ties and developing strategic partnerships in industry and mining, focusing on cooperation in manufacturing, automotive, aviation, medical devices, and food sectors.

European stocks fell with the Stoxx 600 down 0.3%, impacted by a 15.5% drop in Danish company Ørsted's shares. The German DAX declined 0.5% and the French CAC 40 dropped 0.4%.

Christine Lagarde confirmed that high U.S. tariffs on European products will not obstruct the Eurozone economy nearing recovery, noting the limited impact on the region's GDP.

Oil prices rose after expectations of US interest rate cuts, with Brent crude reaching $68.12 and WTI rising to $64.08 amid concerns over stalled peace talks between Russia and Ukraine and the impact of tariffs on economic growth.

The Ministerial Committee on Reconstruction and Economic Recovery, chaired by Prime Minister Dr. Nawaf Salam, confirmed the government's commitment to accelerate rebuilding after Israeli aggression despite ongoing attacks and funding shortages. The strategy focuses on supporting returnees and displaced persons, repairing infrastructure, and preparing a development program for affected areas.

Luxor Governor Engineer Abdelmuttalib Amara inspected the social housing project in Al-Toud city, overseeing 30 buildings with 600 units, and directed completion of utilities, road paving, landscaping, and cleanliness around the project.

Eastern Province Secretary Engineer Fahd Al-Jubair met with the Acting CEO of the Eastern Province Development Authority and investors to discuss projects aimed at developing infrastructure and improving quality of life in line with Saudi Vision 2030.

Staff of the Tabuk Emirate participated in the annual national blood donation campaign organized with the Tabuk Health Cluster to promote a culture of giving and ensure safe blood supplies in the region.

Puma shares rose 15.9% to 21.7 euros after Bloomberg reported Artemis, the investment arm of the Pinault family owning Kering, is considering selling its 29% stake in Puma.

The dollar stabilized against major currencies after last week's sharp drop following Federal Reserve Chairman Jerome Powell's comments increasing expectations for a September interest rate cut.