Tag: economic diversification

Saudi Arabia’s economy saw growth in the first quarter, driven mainly by stronger non-oil sector performance as the country continues ...

Saudi Arabia’s Vision 2030 has delivered significant progress, with 93% of its key performance indicators either fully or nearly achieved ...

OPEC+ is moving to increase oil production by 411,000 barrels per day in May, as eight member countries accelerate the ...

As trade tensions between the US and China intensify, manufacturers are searching for alternative bases to avoid tariff risks. Gulf ...

Saudi Arabia has launched a 5 percent Real Estate Transaction Tax (RETT) starting April 10, aimed at supporting economic diversification. ...

Saudi Arabia's economy, heavily reliant on oil, is under pressure due to plummeting crude prices, forcing the nation to consider ...

Saudi Arabia's non-oil exports to the UAE reached SR7.10 billion in January, marking a 10% increase from the previous month. ...

Saudi Arabia has introduced new incentives to draw foreign investment into its mining sector, supporting ongoing economic diversification plans. The ...

Saudi Arabia is intensifying efforts to diversify its economy by attracting foreign investors and reducing reliance on state funding. The ...

Saudi Arabia's Capital Markets Experience Robust Growth with $274 Billion Raised Saudi Arabia's capital markets have seen remarkable expansion, raising ...

At the World Economic Forum 2025, Saudi Arabia emphasized the necessity for global cooperation to address the world's fragmentation. Prince ...

Saudi Arabia's non-oil exports experienced a significant increase of 19.7% in November, reaching SR26.92 billion ($7.18 billion), highlighting efforts to ...

Saudi Arabia's Mining Ambitions Face Investor Doubts Saudi Arabia is striving to establish a significant metals and mining hub, yet ...

Saudi Arabia's Non-Oil Economic Growth Exceeds Expectations During the World Economic Forum in Davos, Saudi Arabia's finance minister, Mohammed Al-Jadaan, ...

Saudi Arabia's Economic Diversification Surpasses Expectations at World Economic Forum Saudi Arabia's finance minister, Mohammed Al-Jadaan, addressed the World Economic ...

Saudi Arabia's non-oil economy is projected to grow significantly, with rates of 4.8% in 2025 and 6.2% in 2026. This ...

Saudi Arabia's Role in Global Stability and Economic Growth Saudi Arabia emphasizes the importance of a stable Middle East for ...

Saudi Arabia has seen a significant rise in business activity, with a 60% increase in commercial records issued in 2024, ...

Saudi Arabia's economy is expected to grow by 3.3% in 2025 and 4.1% in 2026, as per the International Monetary ...

Saudi Arabia is turning to Riyadh Air to boost tourism and diversify its economy. However, the airline's launch has been ...

Saudi Arabia's General Entertainment Authority has announced 29 new investment opportunities targeting six sectors within the entertainment industry. This initiative, ...

The Saudi government has earmarked SR10 billion for the Standard Incentives Program aimed at boosting the industrial sector. This move, ...

Saudi Arabia's Vision 2030 gained momentum in 2024 through strategic partnerships across various industries, boosting its global economic stature. These ...

Saudi Aramco, the world's largest oil producer, is not only a leader in profitability but also a key player in ...

Saudi Arabia is working to shift its economy away from oil through its Vision 2030 initiative. A key part of ...

Moody's has upgraded Saudi Arabia's credit rating from "A1" to "Aa3", highlighting the nation's efforts to diversify its economy beyond ...

Saudi Arabia's Vision 2030 is an ambitious plan to transform the nation into a global investment hub, targeting $3.3 trillion ...

China is set to issue US dollar sovereign bonds in Saudi Arabia for the first time in three years, marking ...

What's happening? Saudi Arabia is experiencing significant growth in its non-oil sector, signaling a move away from its traditional oil ...

Saudi Arabia is intensifying efforts to transform its economy and reduce reliance on oil, as highlighted by Finance Minister Mohammed ...