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2026-09-03T16:21:04.000Z

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Saudi Arabia Opens AI Academy for 1.4 Million

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7 Hrs2026-09-03T16:42:49.478Z
Saudi Arabia Opens AI Academy for 1.4 Million

Yen climbs as rate hike hopes shift

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14 Hrs2026-09-03T09:43:00.000Z
Yen climbs as rate hike hopes shift

Saudi stocks hit five-week low

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18 Hrs2026-09-03T06:18:29.308Z
Saudi stocks hit five-week low

Egypt approves new foreign investment incentives

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19 Hrs2026-09-03T05:01:52.000Z
Egypt approves new foreign investment incentives

Broadcasting Firm's Revenue Falls Short, Stock Drops

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23 Hrs2026-09-03T00:37:00.000Z
Broadcasting Firm's Revenue Falls Short, Stock Drops
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Bitcoin drops below $80,000 on weak US demand

Bitcoin has fallen back below the $80,000 level, failing to maintain gains above this barrier due to weak demand from American investors. Flows into spot Bitcoin funds have fluctuated despite the asset's price increasing by 21% since August 19th, reaching around $77,900. Although there has been significant inflow into these funds, the market continues to show weakness in American demand, driven by expectations of rising interest rates and increasing inflation risks, which diminish the appeal of high-risk assets. Bitcoin is expected to face resistance between $83,000 and $86,000, with potential profit-taking by long-term holders amid declining demand levels and some investors closing short positions.

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