Saudi Arabia

UAE leads MENA region, ranks among top 20 on WEF travel and tourism index

According to the report, the UAE has raised its score by 4.4 percent in the 2024 index

Future Aviation Forum 2024 seals 47 agreements worth $19 billion

The Saudi aviation sector contributed $53 billion to the country's economy and supported around 958,000 jobs nationwide

Saudi Arabia’s crude oil exports hit 9-month high, reaching 6.413 million bpd in March

Data also showed that Saudi refineries' crude throughput fell in March by 0.115 million bpd to 2.560 million bpd

Aviation sector contributes $53 billion to Saudi GDP: Report

The sector supports 241,000 jobs, with a further estimated 717,000 jobs in the tourism sector

Saudi Arabia’s holdings in U.S. treasuries surge to $135.9 billion

This represents a 3.66 percent rise compared to the previous month

Saudi Arabia’s Ministry of Industry issues 12 new mining licenses in March 2024

The licenses cover 10 building materials quarry licences, one mineral ores surplus licence, and one reconnaissance licence

Egypt’s exports to Arab nations up 8.7 percent in 2023, reaching $13.6 billion

Saudi Arabia topped the list of Arab countries importing the most from Egypt during the year

Saudi Arabia maintains steady inflation rate of 1.6 percent in April 2024

Inflation in April was driven by a 10.4 percent increase in rental prices, largely due to a 9.4 percent jump in villa rents

Saudi Entertainment Ventures joins Qiddiya to enhance entertainment ecosystem

SEVEN spearheads 21 entertainment projects across 14 cities, with investments exceeding $13.33 billion

Saudi Arabia’s Diriyah seeks U.K. partnerships in business, development projects

Diriyah reiterates commitment to expanding its partnership portfolio across various sectors

Dubai’s Spinneys revenues surge to $221.89 million, transactions rise by 9.5 percent in Q1 2024

The company's gross profit margin also demonstrated strength, reaching 41.2 percent in the quarter