Saudi Arabia

8.6 million GCC tourists in Saudi Arabia spend over $4 billion in 2023

The total number of inbound tourists reached 27.4 million tourists in 2023, setting a new record high for Saudi Arabia

OPEC+ keeps oil policy unchanged, restates plans to ease cuts starting October

OPEC+ is currently cutting output by 5.86 million barrels per day or about 5.7 percent of global demand

Qatar’s tourism sector booms with visitor numbers up 28 percent in H1 2024

Qatar’s travel and tourism sector is set to contribute $25 billion to the country’s economy this year

GCC, Indonesia initiate talks for comprehensive deal to boost trade and investment

The proposed agreement aims to enhance cooperation, streamline investment regulations, and create new jobs

MENA sees 321 M&A deals worth $49.2 billion in H1 2024, UAE and Saudi Arabia lead

The UAE and Saudi Arabia reported 94 deals, accounting for 61 percent of the overall domestic M&A deal volume

Saudi Arabia’s foreign assets rise 5.5 percent to $467.5 billion in June 2024

Data showed that the bank's net foreign assets in June were around SAR1.670 trillion

Saudi Arabia’s real GDP rises 1.4 percent in Q2 2024, driven by non-oil sector expansion

Saudi Arabia's GDP contracted by 0.4 percent annually primarily driven by the 8.5 percent annual decline in oil activities

King Salman Stadium: Saudi Arabia’s 92,000-seat sports arena to be one of the world’s largest

Stadium to feature royal box with 150 seats, 120 hospitality suites, 300 VIP seats, and 2,200 seats for dignitaries

Five Saudi cities shine on IMD Smart City Index 2024: Report

Smart cities in the Kingdom have relied on AI and IoT technologies to enhance quality of life