Saudi Arabia

Saudi Arabia is Ranked Second in the G20 for ICT Development for the Second Year in a Row

In a UN ICT Development Index, Saudi Arabia has remained in second place out of the G20, demonstrating the robustness…

Worldwide Sukuk Issuance Reaches $91.9 Billion in H1: S&P Global

The first half of 2024 saw $91.9 billion in global sukuk issuances, a little rise of 0.87 percent year over…

The Annual Inflation Rate in Saudi Arabia Increased to 1.5%: GASTAT

According to the most recent data, Saudi Arabia’s annual inflation rate increased to 1.5% in June of this year compared…

NEOM and KAUST Collaborate to Combat Insects that Pose a Threat to Saudi Arabia’s 36 Million Palm Trees

Insects endangering Saudi Arabia’s palm palms are the focus of a collaboration between NEOM and KAUST. Saudi Arabian citizens and…

UKMTO and Ambrey Report that a Vessel has been Attacked Off Yemen

Britain’s maritime agency and security firm Ambrey stated that a merchant vessel claimed it had been attacked early on Monday…

A Middle East and North Africa Humanitarian Initiative is Scheduled to Begin in Morocco

Over 25,000 individuals a year will receive medical assistance from the UAE’s newest humanitarian project, which is set to launch…

Egypt Plans to Drill 110 Exploratory Wells in 2024–2025 for a Total of $1.2 Billion

A senior official announced that Egypt intends to invest $1.2 billion in drilling 110 exploratory wells during the 2024–2025 fiscal…

Saudi Arabia will Increase Food Security in the Al-Baha Region with Five New Investment Initiatives

In order to achieve self-sufficiency under Vision 2030, five new investments in the Al-Baha region’s agriculture sector are expected to…

Crude Oil Regains Ground Due to Political Unpredictability in the US and the Middle East

According to Reuters, oil prices recovered on Monday as a result of political unrest in the US and the Middle…

With an Improved NPL Ratio of 1.4%, Saudi Banks Top the GCC in Terms of Credit Quality

According to data from the Saudi Central Bank, Saudi banks shown a noteworthy improvement in credit quality in the first…