Bank Loans in Saudi Arabia Rise by 11% to $734 Billion
According to official figures, Saudi Arabia’s banking sector loans grew to SR2.75 trillion ($733.82 billion) in June, representing an...
Saudi Non-Oil Business Activity is Stable, With the July PMI Standing at 54.4
According to an economy tracker, Saudi Arabia’s non-oil private sector had strong growth in July, propelled by ongoing demand and...
Oil Updates: Due to Concerns About Demand, Prices are Expected to Drop for the Fourth Week in a Row
Global Oil Prices: Although oil prices increased on Friday, they were headed for their fourth straight weekly fall as indications of the...
A New Era in Trade Relations Between Saudi Arabia and India is Heralded with an Investment Task Force Conference
The first-ever High-Level Task Force on Investments between Saudi Arabia and India has advanced trade and commercial ties. This week has...
GCC Investors Anticipate Investing more than $4 Billion a Year in the UK’s Commercial Real Estate Market: BLME
According to a recent estimate, the positive economic conditions in the UK are projected to attract investors from the Gulf Cooperation...
Residential Property Sales in Dubai have Increased by more than 33%, According to Brokerage Firm
As per a leading brokerage company, the number of residential property transactions in Dubai during the first half of 2024 increased by...
Flynas Reports Unprecedented Performance with a 47% Rise in Passengers
Flynas, the low-cost airline based in Saudi Arabia, saw a record-breaking 47 percent rise in passengers in the first half of 2024,...
The First Round of GCC-Turkiye FTA Negotiations was Marked by “Positivity and Flexibility.” SPAC
Positive vibes prevailed at the end of the first round of free trade agreement negotiations between Turkiye and the members of the Gulf...
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...
