Saudi Arabia

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

$410 billion in investments propel Saudi Arabia’s mining sector growth

$2.5 trillion in mineral wealth support Saudi Arabia's diversification efforts

Riyadh to ‘move ahead significantly’ on $5 billion Pakistan investment plan

Investments to encompass agriculture, mining, information technology, and aviation

Saudi Arabia’s air transport sector sees 26 percent passenger growth, exceeding 112 million in 2023

This robust performance reflects the sector's successful recovery from the COVID-19 pandemic

Saudi Arabia’s inflation slows to 1.6 percent in March: Report

Rental prices drive Saudi Arabia's annual inflation increase in March

Only 40 percent of Saudi women are likely to return to work after a break: PwC report

Financial independence emerges as a key incentive for women returners in Saudi Arabia

World Bank raises forecast for UAE’s real GDP growth to 3.9 percent in 2024; 4.1 percent in 2025

The report indicates the UAE's current account surplus is expected to reach 8.4 percent in 2024 and 8.3 percent in 2025

Saudi Arabia’s drilling firm ADES secures $93.3 million contract to operate jack-up rig in Qatar

The contract includes a mandatory and optional extension period of up to 18 months

Embracing new opportunities amid shifting global economic dynamics

Insights into economic trends, entrepreneurial efforts driving growth in UAE and KSA

Middle East travel market set to boom as tourists loosen purse strings

Indian tourists’ greater spending potential, surge in Gen X travelers set to buoy tourism

Saudi Arabia’s industrial production index up 1 percent in February

Index reveals 2.1 percent annual increase in manufacturing activity

Eid Al Fitr 2024: First day of festival in UAE, Saudi Arabia, other Arab countries

Muslims worldwide celebrate Eid Al Fitr to commemorate the conclusion of the fasting month of Ramadan

Saudi MODON attracts investments worth $3.85 billion in 2023: Report

MODON received the "Most Attractive Destination for Investments Award" in 2023

12 Saudi companies ink agreements with Iraq Development Fund

The deals seek to promote cooperation in various high-quality investment projects in Iraq

Riyadh airport introduces e-passport gates at two terminals

First airport in Saudi Arabia to implement biometric e-passport scanners

Saudi CMA’s locally managed assets surge to $232.2 billion in 2023

The asset management industry reached $1.1 billion by end of 2023

Saudi Arabia records over 1.45 million commercial registrations by end of Q1 2024

The Ministry of Commerce recorded 104,000 registrations and 65,363 permits

Saudi Arabia’s startups raise $198 million in March 2024

SaaS providers dominate region's investment landscape

Business activity in Saudi Arabia rises to 6-month high in March, PMI data shows

Non-oil private sector saw a decline in cost inflation for the second month in a row

Saudi Arabia’s Al Akaria secures $192.48 million deal with Diriyah Gate for metro excavation

Expected financial impact to appear on company's statements starting from Q1 2024

Saudi Aramco expands Fadhili Gas Plant with $7.7 billion in EPC contracts

This expansion initiative aims to enhance the plant's processing capacity from 2.5 to a potential 4 bscfd

OPEC oil output dips in March amid voluntary cuts and export challenges

Iraq and Nigeria lead reductions, maintaining OPEC's commitment to supply restraint