Saudi Arabia
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
UAE and Saudi Arabia's startups to continue taking center stage in dealmaking this year
Brent oil futures expiring in August gained 0.3 percent to $81.33 per barrel
Prime office rents in Riyadh rose 14.5 percent, while Grade A and B rents increased 11.8 percent and 10.3 percent
Personal loans constituted 47 percent of banks' total lending, while corporate loans made up the remaining 53 percent
The move will facilitate easier access to charging solutions and support the wider adoption of EVs
The growth in earnings is driven by 11 percent lending growth and a rising interest rate environment
The startup recently announced its $6 billion Series B funding round which it will utilize to launch xAI’s first products in the market
E-commerce and retail sector retained its position as the leading industry in Saudi Arabia's venture landscape
Privatization of state-related entities to support the initial phase of regional IPO growth
The Kingdom's GDP is expected to expand by 2.3 percent in 2024 and accelerate to 5.8 percent in 2025, the report said
