Economics
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
Saudi Arabia is ahead of investment targets, Saudi Minister of Investment states
GCC banks’ strong profitability provides robust shield against potential losses from cyber incidents
No significant losses from cyber incidents for rated GCC banks
H.E. Bin Touq highlights UAE’s keenness to strengthen Arab level cooperation in new economy sectors
Growth primarily driven by the Maritime & Shipping, Ports, Logistics, and Digital Clusters
Non-oil revenues in 2023 surged by 11 percent YoY
Issuance was divided into three tranches
Driven by expanding operations, new routes fuel growth
Building bridges, expanding regional connectivity
AI market to grow by 33 percent in 2024, reaching around $20 billion by 2025
UAE played key role in supporting OFID's sustainable development initiatives
UAE Ministry of Finance and World Bank renew advisory services agreement
Company to break ground on 11 new assets by the end of 2024
Deals were signed during PIF Private Sector Forum
Expansion in LNG production and reforms to drive average growth of 5.5 percent
Strengthening regulatory ties across 56 jurisdictions
New Contractor Financing Program launched
Further consolidating status as one of the top three global cities for business and leisure
Fed paving way for lower interest rates
Classification reflects Kingdom's robust external financial strength
Event aims to cultivate partnerships between PIF, its portfolio companies, and the private sector
Money supply (M2) grew by 19.92 percent year-on-year in December 2023
