Tag: Saudi economy

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

Saudi Arabia has announced nine major investment agreements in the metals and mining sector, totaling over 35 billion riyals ($9.32 ...

Sulaiman Abbar stands out not only as a business leader but also as a professional boxer, illustrating a unique blend ...

Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), is shifting its focus back to the domestic economy after ...

In 2021, Saudi Arabia introduced a crucial component to its Vision 2030: the National Investment Strategy (NIS), outlining necessary investments ...

Saudi Arabia has reduced its benchmark interest rate from 6% to 5.5%, following a 50-basis-point cut by the central bank. ...

Saudi Arabia's non-oil sector expanded by 4.9% in the second quarter of 2024, spurred by growth in financial and insurance ...

The International Monetary Fund (IMF) has projected that Saudi Arabia's current account balance might weaken due to falling oil prices ...

In July, the yearly inflation rate in Saudi Arabia remained constant at 1.5 percent, the same as the previous month's ...

The global consulting firm EY, previously known as Ernst & Young, has selected Saudi Arabia's capital, Riyadh, as the central ...

During a recent dialogue session in Dalian, China, Saudi Arabia's Minister of Economy and Planning, Faisal Al Ibrahim, provided insights ...

While participating in a panel entitled What do we expect from future growth in Dalian, China, the Saudi Minister of ...

In a significant move to enhance its operational efficiency, King Abdulaziz Port in Dammam has acquired three quay cranes (QC) ...

Since taking the helm on June 21, 2017, Crown Prince Mohammed bin Salman has been the architect of an ambitious ...

Employees at Saudi state-supported firms have experienced unexpected budget reductions in recent times, with the onset of these austerity measures ...

International investors have played a significant role in Saudi Aramco's recent secondary share offering, which is poised to infuse $11.2 ...

In a recent development from Riyadh, the prominent oil company Saudi Aramco has announced the successful sale of shares, with ...

Saudi Aramco, the kingdom's oil behemoth, has finalized a colossal stock offering that will inject a minimum of $11.2 billion ...

In a significant move within the business media sector, Saudi Arabia is on track to accumulate in excess of $11.2 ...

The Saudi Minister of Economy and Planning, Faisal Alibrahim, recently held talks with the Director-General of the United Nations Office ...

Saudi Arabia is reportedly positioning itself for a significant share sale in its oil behemoth, Aramco, potentially launching as soon ...

Fitch Ratings has elevated the credit status of Saudi Electricity Co. by upgrading its issuer default ratings to 'A+' from ...

The Saudi Zakat, Tax, and Customs Authority (ZATCA) has issued an important reminder for businesses whose annual turnover of goods ...

The financial robustness of the Saudi economy has reached new heights, with liquidity peaking at an impressive SR2,823,745 million at ...

In a recent financial update, it was reported that the monthly remittances from expatriates in Saudi Arabia surged to 11.9 ...

The national oil behemoth of Saudi Arabia, Aramco, is gearing up to distribute nearly £100bn to its shareholders, which includes ...

In the face of declining profits, Aramco has chosen to preserve its substantial $31 billion dividend distribution to the Saudi ...

The individual spearheading a flagship initiative central to Saudi Arabia's economic diversification strategy is set to court investors in Hong ...

The commercial landscape in Saudi Arabia is witnessing a notable transformation as women entrepreneurs begin to play a pivotal role. ...

The Saudi Arabian oil colossus, Aramco, has disclosed its financial outcomes for the past year, with profits amounting to US$121 ...