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BusinessNewsSaudi Arabia Views: 125

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: 51

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: 75

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: 167

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: 140

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: 113

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: 114

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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NewsBusinessSaudi Arabia Views: 137

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...

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NewsBusinessSaudi Arabia Views: 109

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...

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BusinessNewsSaudi Arabia Views: 138

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...

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