Saudi Arabia

Saudi Arabia’s non-oil revenues rise 9 percent to $29.73 billion in Q1 2024: MoF

Saudi Arabia's total revenues saw a 4 percent annual increase to SAR293.433 billion

Saudi Arabia’s internet penetration reaches 99 percent in 2023: Report

Both men and women demonstrated high levels of internet usage, with rates of 99.3 percent and 98.5 percent respectively

Saudi Arabia and Japan to collaborate on digital economy growth, technology innovation

Both parties discussed the progress made in various digital projects and joint initiatives under the Saudi and Japanese Vision 2030 frameworks

Saudi Arabia set to increase assets under management to 29.4 percent of GDP by 2024

The Kingdom surpassed 2023 targets with 216 fintech companies in operation and the launch of two digital banks

Saudi Arabia’s real GDP grows 1.3 percent in Q1 of 2024

In Q1, Saudi Arabia's non-oil activities saw a 2.8 percent annual increase

Saudi Arabia, Mauritania to cooperate in electricity, renewable energy, and clean hydrogen

The deal aims to enhance electricity system reliability through knowledge exchange and partnership

Saudi Arabia’s ACWA Power seeks to invest $10 billion in Malaysia’s renewable energy sector

Collaboration to power up green data centers in Malaysia's industrial parks

WEF Special Meeting: Coordinated cooperation key to mitigating impact of epidemics, says Saudi health minister Al-Jalajel

Integrating health, justice and sustainability in decision-making promotes health sector's growth

WEF, Saudi Space Agency ink agreement to establish Center for Space Futures

Center to facilitate public-private discussions on space collaboration

Saudi Arabia to host 28th World Investment Conference from November 25 to 27

Conference positions Saudi Arabia as global investment hub, promotes its promising business environment

WEF Special Meeting: Developing human capital must be the focus for investment

Collaborative effort is needed to address the energy trilemma of security, equity and sustainability

GCC states have succeeded in making economies more integrated: Saudi Arabia’s Al-Jubeir at WEF meeting

Al-Jubeir noted the increase in new startups that Saudi youth have founded, and their contributions to the job market

NEOM secures $2.67 billion revolving credit facility for development projects

Financing boosts ongoing development endeavors and short-term financing requirements

Saudi Arabia’s ICT spending to reach $37.5 billion in 2024

According to experts, the Kingdom is the region's fastest-growing IT market

Saudi Arabia’s non-oil exports surge by 4.4 percent to $5.82 billion in February

Rubber and plastic product exports in February fueled the rise in non-oil shipments

IMF establishes new regional office in Saudi Arabia, hosts joint conference on industrial policy for diversification

The IMF aims to boost its involvement with regional institutions, governments, and stakeholders by setting up this office

Saudi Arabia’s cinema revenue soars to over $986 million in just six years

Currently, Saudi Arabia has 66 movie theaters with approximately 618 screens and 63,373 seats

Saudi Aramco to acquire 10 percent stake in China’s Hengli Petrochemical

Deal aligns with Aramco’s strategy to expand its presence in key high-value markets like China

World Bank partners with Saudi Arabia to establish knowledge center for economic reforms

Boosting global economic reforms and enhancing regional and global competitiveness

Private sector employment in Saudi Arabia sees record growth in Q4 2023, surpassing 11.2 million employees

The unemployment rate among Saudis reached its lowest level of 7.7 percent in the last quarter of 2023

Saudi Arabia’s minister highlights $3 billion in Spanish real estate investments, announces upcoming development agreement

40 percent of Spain's investments in Saudi Arabia over the past 10 years has been in the real estate sector

Saudi Arabia’s crude oil production reaches seven-month high in February

This represented a rise of 55,000 bpd or 0.61 percent compared to the previous month