Saudi Arabia
Profits slightly increased by 3.6% in Q2 2022
This brings the total number of licensed fintech companies to 38
Project spans over 1.5m sqm area, set to add 47,000 hotel rooms by 2030
Oil exports jumped to SAR 117.7 bln, up from SAR 60.6 bln in 2021
Funding will be used to support innovation in payment and shopping
OPEC + will soon begin working on a new agreement for post-2022
Inflation will remain at 2.8 percent level in 2022
Including 1.97 billion riyals in Russian energy companies
Supported by strong product demand
Its market value reached about $2.8 trillion in 2021
F&B prices, transportation costs were the primary causes of rising inflation
46% increase in aircraft fleet, 57% in number of flights comparing to 2021
Combined value of fast-growing start-ups could come close to $100 bn
Intense competition pressures Saudi’s underwriting results
Foreign investment licenses increased by 674 percent yoy
The company intends to roll out 1,429 projects
Focusing on investing in several key sectors
Driven by an increase in total operating income
