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Riyadh Hosts 21st Session of Saudi-German Joint Commission

Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz Al Saud and Germany’s Federal Minister for Economic Affairs and Energy Katharina Reiche chair Monday's meeting in Riyadh. (SPA)
Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz Al Saud and Germany’s Federal Minister for Economic Affairs and Energy Katharina Reiche chair Monday's meeting in Riyadh. (SPA)
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Riyadh Hosts 21st Session of Saudi-German Joint Commission

Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz Al Saud and Germany’s Federal Minister for Economic Affairs and Energy Katharina Reiche chair Monday's meeting in Riyadh. (SPA)
Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz Al Saud and Germany’s Federal Minister for Economic Affairs and Energy Katharina Reiche chair Monday's meeting in Riyadh. (SPA)

The 21st session of the Saudi-German Joint Commission on Economic and Technical Cooperation convened in Riyadh on Monday to discuss cooperation across industry, energy, and investment, as well as opportunities in renewable energy, hydrogen, technology, and healthcare.

The meeting was co-chaired by Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz Al Saud and Germany’s Federal Minister for Economic Affairs and Energy Katharina Reiche, with the participation of government officials from both countries.

The meeting builds on the Commission’s efforts to strengthen the strategic partnership between Saudi Arabia and Germany and advance economic and technical cooperation, particularly in the energy sector.

The Saudi-German Business Council was held on the sidelines of the commission meeting. A memorandum of understanding was signed to establish a framework for cooperation between both countries across various energy fields.

Several agreements and memoranda of understanding were also signed between public and private sector entities, highlighting the depth of bilateral economic ties and the role of the private sector in supporting joint initiatives.

A roundtable on energy was held with leading energy companies from both countries to review investment opportunities and strengthen partnerships in the sector.

The German delegation visited the King Abdullah University of Science and Technology (KAUST), in the presence of Minister of Energy and Chairman of KAUST’s Board of Trustees Prince Abdulaziz bin Salman bin Abdulaziz Al Saud.

The visit took place on the sidelines of the Saudi-German Innovation Summit, which was hosted by the University. Reiche and the delegation reviewed KAUST’s role in research, innovation, and entrepreneurship.

The two ministers witnessed the signing of several memoranda of understanding between KAUST and German entities to strengthen cooperation between the Saudi and German startup ecosystems, support early-stage companies, and facilitate the transition from research to market.

The visit underscores the shared Saudi and German commitment to deepening economic and technical cooperation and expanding their partnership in support of mutual interests and sustainable development.

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Business

Saudi Aramco Announces Completion of $4 Billion Bond Issuance

The Aramco tower in Riyadh, which is located within the King Abdullah Financial District (KAFD). AFP
The Aramco tower in Riyadh, which is located within the King Abdullah Financial District (KAFD). AFP
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Saudi Aramco Announces Completion of $4 Billion Bond Issuance

The Aramco tower in Riyadh, which is located within the King Abdullah Financial District (KAFD). AFP
The Aramco tower in Riyadh, which is located within the King Abdullah Financial District (KAFD). AFP

Saudi Aramco announced on Tuesday that it has successfully completed a $4 billion issuance of bonds across four tranches under its Global Medium Term Note Program.

The tranches include:
• $500 million senior notes maturing in 2029 with a coupon rate of 4.0%;
• $1.5 billion senior notes maturing in 2031 with a coupon rate of 4.375%;
• $1.25 billion senior notes maturing in 2036 with a coupon rate of 5.0%; and
• $750 million senior notes maturing in 2056 with a coupon rate of 6.0%.

The transaction was priced on January 26, 2026, and the notes were listed on the London Stock Exchange.

“This issuance is part of Aramco’s focused strategy to further optimize its capital structure and enhance shareholder value creation,” said Aramco’s Executive Vice President & Chief Financial Officer Ziad Al-Murshed.

“The attractive pricing achieved on the transaction reflects global investors’ continued confidence in Aramco’s financial strength and resilient balance sheet,” he said.

Al-Murshed added that Aramco remains firmly committed to maintaining disciplined capital management and delivering long-term value to its shareholders.

Business

Türkiye Monthly Inflation Jumps to 4.84% in January, Exceeds Forecast

People walk past the counter of a traditional Turkish bagel "simit" street vendor, Eminönü, Istanbul, Türkiye, Dec. 27, 2025. (AFP)
People walk past the counter of a traditional Turkish bagel "simit" street vendor, Eminönü, Istanbul, Türkiye, Dec. 27, 2025. (AFP)
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Türkiye Monthly Inflation Jumps to 4.84% in January, Exceeds Forecast

People walk past the counter of a traditional Turkish bagel "simit" street vendor, Eminönü, Istanbul, Türkiye, Dec. 27, 2025. (AFP)
People walk past the counter of a traditional Turkish bagel "simit" street vendor, Eminönü, Istanbul, Türkiye, Dec. 27, 2025. (AFP)

Turkish consumer price inflation leapt to a higher-than-expected 4.84% month-on-month in January, Turkish Statistical ​Institute data showed on Tuesday, driven in part by a 6.59% jump in food and non-alcoholic drinks prices.

Annual inflation dipped to 30.65% in January, with price rises driven by the annual hike in the minimum wage and ‌various new year price ‌adjustments.

In a Reuters ‌poll, ⁠monthly ​inflation ‌was forecast to be 4.32% with the annual rate seen at 30.00%.

In December, monthly consumer price inflation edged up to 0.89% while the annual rate slipped to 30.89%.

According to the poll's median estimate, annual ⁠inflation is expected to slow to 23% by ‌year-end, remaining above the central bank's ‍forecast of 16%.

In ‍January, the central bank lowered its ‍key interest rate by a less-than-expected 100 basis points to 37%, citing firming inflation, and pricing behavior and expectations that threaten the disinflation ​process.

After a brief policy reversal early last year due to political turmoil, ⁠the central bank's rate-cutting cycle resumed in July with a 300-basis-point move, followed by cuts of 250 points and then 100 in October amid rising food prices, before the last two cuts of 150 in December then 100 points in January.

The data also showed the domestic producer price index rose 2.67% month-on-month in January ‌for an annual increase of 27.17%.

Business

Gold, Silver Stage Comeback after Two-session Rout

FILE PHOTO: A one-kilogram gold bar and a sealed gold coin are displayed at a jewelry store, in Dubai, United Arab Emirates, January 20, 2026. REUTERS/Amr Alfiky/File Photo
FILE PHOTO: A one-kilogram gold bar and a sealed gold coin are displayed at a jewelry store, in Dubai, United Arab Emirates, January 20, 2026. REUTERS/Amr Alfiky/File Photo
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Gold, Silver Stage Comeback after Two-session Rout

FILE PHOTO: A one-kilogram gold bar and a sealed gold coin are displayed at a jewelry store, in Dubai, United Arab Emirates, January 20, 2026. REUTERS/Amr Alfiky/File Photo
FILE PHOTO: A one-kilogram gold bar and a sealed gold coin are displayed at a jewelry store, in Dubai, United Arab Emirates, January 20, 2026. REUTERS/Amr Alfiky/File Photo

Gold and silver rose on Tuesday, rebounding from their steepest two-day drop in decades after Kevin Warsh was nominated as the next US Federal Reserve chair and a hike in CME margin requirements put the brakes on the metals' record rally.

Spot gold climbed 4.1% to $4,854.56 an ounce by 0623 GMT. On Monday, it had hit a low of $4,403.24 an ounce, ‌two sessions after peaking ‌at $5,594.82.

US gold futures for April delivery ‌rose ⁠4.8% to $4,838.10 per ‌ounce.

"It's a reasonable call that this is somewhere around fair value potentially, if you consider that we saw a market behaving fairly irrationally for a few weeks there," said Kyle Rodda, a senior market analyst at Capital.com.

"The current prices take gold and silver back to where they were, early in the second half of January."

Gold's parabolic rise saw it smash ⁠multiple peaks and log a nearly 13% gain in January, its biggest monthly gain since November ‌2009, while silver touched an all-time ‍high of $121.64 on Thursday.

Silver gained ‍6.2% to $84.34 an ounce on Tuesday, after posting its biggest one-day loss ‍on record on Friday with a 27% slump. It fell by another 6% in the last session and hit a low of $71.33 an ounce. "The markets endorsed Warsh's nomination by US President Donald Trump as someone relatively credible, and so we saw the dollar move on that basis, and again, that was kind of like the pin that popped ⁠the big precious metals," Rodda said. CME Group also raised margin requirements on precious metal futures, fueling last week's sharp selloff that was triggered after Kevin Warsh's nomination to head the central bank. Despite the historic pullback in gold and silver prices, analysts see the metals' bull run continuing and expect it to notch fresh record highs later this year. Meanwhile, the US Bureau of Labor Statistics said on Monday the closely watched employment report for January would not be released this Friday because of a partial shutdown of the federal government.

In other metals, spot platinum climbed 2.9% to $2,183.38 per ‌ounce after hitting a record high of $2,918.80 on January 26, while palladium was up 2.8% at $1,766.02.