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Saudi Arabia
Markets
Sukuk issuance continues steady growth, reaching towards $1 trillion in the GCC: Report
Saudi Arabia, UAE and Malaysia will likely stay among the most active sukuk issuers, the report says
Banking & Finance
UAE’s ADNIC acquires majority stake in Allianz Saudi Fransi, expands footprint in Gulf region
The acquisition will make ADNIC one of the Tier-1 listed insurers in Saudi Arabia
Energy
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
Industry
$410 billion in investments propel Saudi Arabia’s mining sector growth
$2.5 trillion in mineral wealth support Saudi Arabia's diversification efforts
Economy
Riyadh to ‘move ahead significantly’ on $5 billion Pakistan investment plan
Investments to encompass agriculture, mining, information technology, and aviation
Logistics
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
Economy
Saudi Arabia’s inflation slows to 1.6 percent in March: Report
Rental prices drive Saudi Arabia's annual inflation increase in March
Economy
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
Economy
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
Energy
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
Economy
ICAEW’s Chief Economist Scott Livermore on oil output strategy, economic diversification importance for GCC growth plans
Sustained oil output, growing non-oil investments key to healthy economy
Op-eds
Embracing new opportunities amid shifting global economic dynamics
Insights into economic trends, entrepreneurial efforts driving growth in UAE and KSA
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