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...
MODON Enters into $266 Million Contracts with Businesses to Upgrade their Industrial Infrastructure
Nine contracts worth over SR1 billion ($266.5 million) have been signed by the Saudi Authority for Industrial Cities and Technology Zones,...
Oil Updates: Declining Prices Due to Middle East Tensions and Fears About China Demand
Tuesday’s decline in oil prices followed those of the previous session as investors discounted the possibility of rising hostilities...
Passenger Traffic at Qatar’s Hamad International Airport has Increased by 25%
In the first half of 2024, the number of travelers using Qatar’s Hamad International Airport increased by 25% year over year to 25.9...
IMF Accepts Egypt’s $820 Million Payout
When the third review of Egypt’s extended agreement was finished, the International Monetary Fund approved the payment of about $820...
OPEC Head: Oil Will Continue to be Vital to Future Energy Pathways
The OPEC secretary-general predicts that oil will remain a key component of future energy pathways since petroleum products are necessary...
Korea-Saudi Economic Relations will Expand Following an Official Visit
Following a visit to Seoul by a group from the Kingdom headed by the minister of commerce, trade between Saudi Arabia and Korea is expected...
Saudi Arabia Increases Funding for 98 Municipal Positions and Initiatives by 20%
The financial support for about 98 jobs and activities in the housing and municipal sectors will be increased by 20 percent for the Saudi...