economy

Saudi Arabia: Fiscal Sustainability Program plan completed, a milestone achievement for Vision 2030

The program boosted non-oil revenues from SAR186 billion in 2016 to SAR458 billion in 2023

Gold demand surges YoY to record $382 billion, global investment up by 25 percent: Report

Central banks' strong purchases and high gold prices drove demand to a record high of 4,974 tons

Saudi Arabia’s debt capital market poised to exceed $500 billion by end of 2025: Report

Fitch has reaffirmed Kingdom's credit rating at A+ with a stable outlook

Riyadh and Jeddah to see 394,900 square meters of new lifestyle retail space by 2027: Report

Since 2021, Saudi Arabia’s lifestyle retail market has evolved significantly, driven by Vision 2030 ambitions

Alphabet shares slip after mixed Q4 results amid slowing cloud growth and $75 billion CapEx plans

The company’s advertising sector showed resilience, with revenue climbing to $72.4 billion

Oman’s broad money supply grows 11 percent to $64.5 billion

Currency issued fell 5.2 percent to OMR1.5 billion by November 2024 from OMR1.58 billion

Global semiconductor revenue to hit $705 billion in 2025 on rising AI demand

Samsung Electronics reclaimed the top spot from Intel in 2024, recording $66.5 billion in revenue

GCC foreign inflows fall under $1 billion in January 2025 amid heightened investor selectivity: Report

Saudi topped net inflows at $694 million, followed by Kuwait at $133 million, UAE $115 million

Egypt’s non-oil private sector records best performance in 4 years with January PMI at 50.7

January's figure, highest since November 2020, rose due to improved market conditions and lower costs

AAOIFI Sharia Standard 62 to shape the future of the sukuk market

In its public hearing, the AAOIFI mentioned that it is likely to approve Standard 62 in 2025

Abu Dhabi Airports welcomes record-breaking 29.4 million passengers in 2024

Abu Dhabi Airports saw a 10 percent increase in aircraft movements, from 226,362 in 2023 to 249,747 in 2024