Saudi Arabia’s July Reserves Increased by 6% to $452.8 Billion
According to latest data, Saudi Arabia’s official reserve assets grew to SR1.7 trillion ($452.8 billion) in July, representing a 6.06...
July Saw a 1.5% Increase in Saudi Inflation Due to Rising Housing Expenses
According to official figures, the rise in housing costs was the main reason behind Saudi Arabia’s annual inflation rate, which in...
11 Varieties of Locally Produced Fruit Abound in Saudi Markets
The Ministry of Environment, Water, and Agriculture reports that the government’s push for food self-sufficiency has resulted in 11...
Egypt Intends to Increase its Renewable Energy Capacity by 30GW
According to a recent cabinet conference, Egypt wants to install 30 gigawatts of additional renewable energy capacity to reduce fuel...
Oil Update: US Crude Inventory Declines, Prices Rise Due to Worries About a Middle East Conflict
According to Reuters, oil prices increased on Wednesday as the market braced for a potential escalation of the Israel-Gaza conflict, which...
ACWA Power Signs Agreement for First Floating Photovoltaic Project in Indonesia
For its first floating solar photovoltaic project in Indonesia, state-owned PT Perusahaan Listrik Negara and Saudi-listed ACWA Power have...
Saudi POS Spending Reaches $3 Billion, with the Education Sector Leading the Way
According to official figures, Saudi Arabia’s point-of-sale spending during the week of August 4–10, reached SR13.09 billion ($3.48...
GCC’s Islamic Insurance Market is About to Take Off Thanks to Saudi Arabia: Report
According to S&P Global, Saudi Arabia is expected to be the leader in the expansion of Islamic insurance in the Gulf Cooperation...
MSCI’s Global Small-Cap Indexes Now Include Three Additional Saudi Businesses
Three Saudi firms have been added to the global and small-cap indexes of MSCI Inc., a prominent provider of research-based indexes and...
The IEA Keeps its Demand Growth Prediction for 2024 at 970,000 bpd
Due to the conclusion of China’s post-COVID economic recovery, the International Energy Agency has maintained its 970,000 barrel per...
