Economics
The increase was driven by rising prices in clothing, food, education
Appetite for spending in the Kingdom soared 46 percent ahead of Ramadan 2024
The deal focuses on key sectors, including logistics, healthcare, travel, and tourism
New report finds 75 percent of global growth was due to price increases in 2023
Tech investments and financial services are driving growth in the country
The decision was widely anticipated following eight consecutive months of rate hikes
The new facility boasts AI-equipped high-speed X-ray machines
Job cuts will be distributed across France, Germany, Poland, Spain
Saudi Arabia’s strategic reforms propel it to top spots in Kearney’s Global Retail Development Index
This positive development reflects the Kingdom's strategic shift away from oil dependence
GCC banks’ strong profitability provides robust shield against potential losses from cyber incidents
No significant losses from cyber incidents for rated GCC banks
