Saudi Arabia
![Saudi finance companies sector reports 13 percent growth in total assets, reaching $17.1 billion in 2023](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/06/Saudi-finance.jpg/w=1024,h=683)
The paid-up share capital for the finance companies sector increased by 6 percent to reach $4.13 billion
![Beyond payments: How Mastercard is fueling transformation and driving inclusion](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/05/Adam-Jones.jpg/w=1024,h=614)
Great strides have been made in advancing digital transformation and building a robust payment ecosystem across the region
![Arab economies projected to grow by 3.3 percent in 2024 as inflation declines: Report](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/06/Arab-economies.jpg/w=1024,h=683)
The inflation rate in its 22 member states is expected to decline to 3.3 percent this year, compared to 9.3 percent in 2023
![Residential Q1 sales transactions up by 77 percent year-over-year in Riyadh](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/05/Riyadh-residential-1.jpg/w=1024,h=683)
Prime office rents in Riyadh rose 14.5 percent, while Grade A and B rents increased 11.8 percent and 10.3 percent
![Saudi banks see 11 percent increase in loans in April, surpassing $715 billion driven by corporate activities](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/05/Saudi-Arabia-bank-loans.jpg/w=1024,h=683)