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BusinessNewsSaudi Arabia Views: 117

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,...

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NewsBusinessSaudi Arabia Views: 120

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...

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BusinessNewsSaudi Arabia Views: 126

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...

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BusinessNewsSaudi Arabia Views: 110

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...

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BusinessNewsSaudi Arabia Views: 49

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...

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BusinessNewsSaudi Arabia Views: 70

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...

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NewsBusinessSaudi Arabia Views: 154

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...

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NewsBusinessSaudi Arabia Views: 118

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...

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BusinessNewsSaudi Arabia Views: 100

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,...

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BusinessNewsSaudi Arabia Views: 103

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...

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