Saudi Forum 2026 Set for Jeddah Amid Global Economic Shifts

Jeddah will host the second edition of the Saudi Industry Forum 2026 from September 14 to 16 at Jeddah Superdome. The forum is organized by the Federation of Saudi Chambers of Commerce, represented by the National Committee of Industry, in cooperation with the Jeddah Chamber.

The event aims to discuss key developments and opportunities in the industrial sector, including the future of national industries, supply chains, and logistics services. It will also address strengthening local content and increasing the contribution of national enterprises.

Norges Bank Investment Management has proposed significantly cutting its exposure to US Treasuries as part of a wider shake-up of its bond investments to improve returns. The manager of Norway's $2.3 trillion sovereign wealth fund recommends reducing its weighting to government bonds within its benchmark bond index to 50% from 70%, with US Treasuries getting the biggest cut.

The European Central Bank is expected to deliver another 25-basis-point rate hike in December, according to J.P. Morgan and BNP Paribas. The latest action targets Golden Global Bank and its subsidiary over alleged ties to Iran's Revolutionary Guard Corps (IRGC).