Starting with a significant boost in foreign direct investments, Saudi Arabia saw FDI inflows soar to $25.6 billion, exceeding its targets by 16 percent thanks to a surge in the manufacturing sector and contributing to its Vision 2030 goals of economic diversification.

However, the Tadawul All Share Index experienced a slight dip of 0.46 percent amidst mixed financial results from Saudi banks, with Bank Albilad noting a 14.4 percent profit increase, and Banque Saudi Fransi managing a modest rise despite challenges.

In other news, the global focus on artificial intelligence took center stage at the UN forum in Riyadh, where nations like Russia shared strategies for AI development, while Saudi Arabia emphasized its "Future Factories" initiative to transform 4,000 factories digitally.

Meanwhile, at the Energy Localization Forum, Saudi Arabia secured impressive agreements worth $27.7 billion to localize its energy sector and increase local manufacturing, with major players like Aramco forging partnerships to boost domestic capabilities.

Also marking a first, the kingdom hosted its inaugural Digital Transformation Forum for the Non-Profit Sector in Dammam, where innovative tech initiatives were showcased, featuring workshops, panels, and a competitive hackathon.

Finally, reinforcing its localization efforts, Saudi Arabia is keen on achieving a 75% localization of its energy sector by 2030, a move expected to bolster job creation, enhance supply chains, and strengthen its leadership in global energy markets.