Commercial activities related to the tourism sector in Saudi Arabia recorded growth during the year 2026, led by “tourist lodges” with an increase in the number of their commercial records by 52 percent, to reach 18 thousand records by the end of the third quarter, compared to 11 thousand records during the same period in 2025.
Data from the Ministry of Commerce showed that commercial records for tourist accommodation facilities activity also increased by 37 percent, reaching 18,000 records, compared to 13,000 records during the same period last year.
The Ministry indicated that the growth of tourism-related activities reflects the expansion of commercial and investment opportunities in the sector, in conjunction with the development of tourist destinations in the Kingdom, and the increase in business opportunities for small and medium enterprises.
This growth comes within the framework of Saudi Arabia’s drive to diversify its economy and enhance the contribution of the tourism sector, within the goals of “Vision 2030”, benefiting from the diversity of its natural, geographical and cultural components.
German government bond yields rose on Monday from their lowest levels in two months, with oil prices rising, at a time when investors were cautious ahead of the US midterm elections, which are seen as an important test of risk sentiment in global markets.
German borrowing costs declined during October, as investors turned to safe assets following a wave of selling shares of companies linked to artificial intelligence, coinciding with traders reducing their bets on the European Central Bank raising interest rates, according to Reuters.
Brent crude futures rose by about 2 percent on Tuesday. Prices had recorded a sharp decline the previous day, after talks between Iranian and Qatari officials raised hopes of reaching a negotiated solution to the conflict.
The 10-year German government bond yield, which is considered a benchmark for euro zone markets, rose by 2.5 basis points to 3.32 percent, after recording 3.2898 percent on Monday, its lowest level since August 31.
Analysts expect German bonds to remain supported by the possibility of Democrats achieving victories in the US elections, which may put pressure on Wall Street and limit investors’ appetite for risk on a broader scale.
Opinion polls and estimates by independent analysts indicate that Democrats are on their way to regain control of the House of Representatives, while the competition for the Senate remains close.
The two-year German bond yield, which is most affected by interest rate expectations, rose 1.5 basis points to 3.03 percent.
Euro short-term interest rate futures (ESTR) showed that markets expect the deposit rate to reach 3.16 per cent by late 2027, from the current level of 2.50 per cent, and to 2.72 per cent by December 2026.
The difference in yield between French government bonds and their German counterpart reached 162 basis points, after recording 177.72 basis points on October 22, which is its highest level since November 2011.
The exchange rate of the US dollar exceeded the level of 50 Turkish liras for the first time in the free exchange market in Turkey, in light of the continued decline of the Turkish currency against the dollar.
The selling price of the dollar rose to 50.0021 liras in the morning hours of Monday, November 3, while the buying price reached 49.9892 liras.
Thus, the selling price of the dollar exceeded 50 liras, while the euro traded at about 56 Turkish liras.
The Turkish lira recorded a noticeable decline against the dollar during the past year. The exchange rate of the US currency was about 42 liras in November 2025, compared to about 50 liras currently. Which means that the price of the dollar increased by about 19 percent within 12 months.
This development in the exchange market coincides with the Turkish Central Bank reducing interest rates. On October 22, he decided to reduce the key interest rate by 100 basis points, from 37 percent to 36 percent.
Although the Central Bank indicated the emergence of indicators of a decline in underlying inflationary pressures, it warned of the continued risks that threaten price stability, in light of the rise in energy prices and the escalation of geopolitical tensions.
