Saudi Central Banks Governor Highlights Global, Domestic Economic Resilience At IMF Meeting
WASHINGTON DC: Ayman Al-Sayari, the governor of the Saudi Central Bank, emphasized on Friday the resilience of the globa... Read more
Oil Updates – Crude Heads For Weekly Gain As Middle East Tensions Keep Market On Edge
SINGAPORE: Oil prices nudged higher on Friday and are on track for a weekly gain of more than 1 percent, as tensions in ... Read more
Riyadhs Population To Hit 9.6m By 2030, Driving Demand For 305k New Homes: Knight Frank
RIYADH: Saudi Arabia’s capital Riyadh is poised for significant population growth, with the number of residents projec... Read more
IMF Says Size Of Egypts Loan Program Is Still Appropriate
WASHINGTON: The International Monetary Fund stated on Thursday that Egypt’s $8 billion loan program remains “still a... Read more
UN Official Issues Urgent Warning About Growing Global Inequality
JEDDAH: In a world increasingly marked by disparity, a senior UN official has issued a pressing warning: the gap between... Read more
Saudi Arabia And Spain Discuss Opportunities In Drone And Automotive Industries
RIYADH: Saudi Arabia is exploring partnerships with Spanish companies in drone technology, automotive components, and ge... Read more
Omans Credit Balance Reaches $81.6bn In August
RIYADH: Oman’s total credit balance in the banking sector grew 3.3 percent in August, reaching 31.4 billion Omani rial... Read more
Saudi Restaurant And Cafe Sales Boost August POS Spending To $15.6bn
RIYADH: Saudi Arabia’s point-of-sale spending reached around SR58.51 billion ($15.6 billion) in August, marking a 9.67... Read more
Saudi Arabias PIF Launches New Property Developer To Transform Staff Housing Market
RIYADH: Saudi Arabia’s Public Investment Fund has established a new property developer focused on housing for staff in... Read more
Saudi Arabia, China Forge Tourism Partnerships To Boost Investment, Travel
JEDDAH: Officials from Saudi Arabia and China have begun discussions to enhance tourism ties, boost investment, and expa... Read more
RCU Showcases Environmental, Social, And Economic Milestones In 1st Annual Sustainability Report
RIYADH: The Royal Commission for AlUla has unveiled its first Annual Sustainability Report, marking a milestone in the c... Read more
Saudi Startup Ecosystem Accounts For 60% Of Regional Funding In September
CAIRO: Saudi Arabia’s startup ecosystem accounted for 60 percent of the Middle East and North Africa region’s fundin... Read more
Corporate Activities Drive Saudi Bank Loans To Highest Growth Rate In 18 Months
RIYADH: Saudi bank loans reached SR2.82 trillion ($753.27 billion) in August, representing an annual growth rate of 12.1... Read more
Arab Markets See Growth In Select Exchanges Amid Overall Regional Declines In September: AMF
RIYADH: A smattering of Arab markets saw positive growth in September, despite an overall decline for the region, accord... Read more
Oil Updates – Crude Steadies, But On Track For Biggest Weekly Loss In Over A Month
LONDON: Oil futures steadied on Friday after data showed a fall in crude and fuel inventories in the US and the emergenc... Read more