In Q2, Saudi Arabia’s Budget Deficit was $4 Billion
In 2024, Saudi Arabia’s budget deficit for the second quarter was SR15.34 billion ($4.09 billion), which means that the...
SABIC Declares a 564 Million Net Profit Increase of 84%
Driven by new zakat restrictions and improved margins, the petrochemical behemoth Saudi Basic Industries Corp. recorded an 84 percent...
The GASTAT Real Estate Price Index for Saudi Arabia Increased by 1.7%
According to government data, the second quarter of 2024 saw a 1.7% increase in Saudi Arabia’s real estate price index over the same...
“Lady of Trees” are the Sarawat Mountains’ Natural Guardians
The juniper tree, known as the “Lady of Trees” and associated with towering mountains and lush forests in Saudi Arabia, is...
India Landslide Toll Reaches 150 as Rescue Efforts are Hampered by Rain
The hunt for survivors of landslides that slammed Indian tea estates and killed at least 150 people on Wednesday was complicated by...
Palestinians Describe the Death of the Hamas Head as “a Thunderbolt”
War-weary Gazans received a “thunderbolt” when Hamas leader Ismail Haniyeh was killed in an airstrike in Tehran on Wednesday....
The Prime Minister of Qatar Asks, “How can Mediation Work When One Party Kills the Negotiator?”
The assassination of Hamas leader Ismail Haniyeh may put efforts to establish a truce in Gaza in jeopardy, according to suggestions made on...
The Amount of Money in Saudi Banks Increased by 9% in June to $773 Billion
According to official data, the money supply in Saudi banks increased by 9% in June 2023 compared to the same month in 2023, reaching SR2.9...
Saudi Arabia’s POS Increases by 2.8% to Restore Momentum: SAMA
Based on official data, point-of-sale spending in Saudi Arabia increased by 2.8 percent each week to SR11.2 billion ($2.99 billion) between...
Saudi Arabia’s Non-Oil Industry Propels 1.4% GDP Growth: GASTAT
According to government figures, non-oil activities contributed to Saudi Arabia’s seasonally adjusted real gross domestic product...
