Economy Middle East

Saudi Arabia

Saudi Arabia’s cinema revenue soars to over $986 million in just six years
Miscellaneous

Saudi Arabia’s cinema revenue soars to over $986 million in just six years

Currently, Saudi Arabia has 66 movie theaters with approximately 618 screens and 63,373 seats

Saudi Aramco to acquire 10 percent stake in China’s Hengli Petrochemical
Energy

Saudi Aramco to acquire 10 percent stake in China’s Hengli Petrochemical

Deal aligns with Aramco’s strategy to expand its presence in key high-value markets like China

World Bank partners with Saudi Arabia to establish knowledge center for economic reforms
Economy

World Bank partners with Saudi Arabia to establish knowledge center for economic reforms

Boosting global economic reforms and enhancing regional and global competitiveness

Private sector employment in Saudi Arabia sees record growth in Q4 2023, surpassing 11.2 million employees
Economy

Private sector employment in Saudi Arabia sees record growth in Q4 2023, surpassing 11.2 million employees

The unemployment rate among Saudis reached its lowest level of 7.7 percent in the last quarter of 2023

Sukuk issuance continues steady growth, reaching towards $1 trillion in the GCC: Report
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

UAE’s ADNIC acquires majority stake in Allianz Saudi Fransi, expands footprint in Gulf region
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

Saudi Arabia’s crude oil production reaches seven-month high in February
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

$410 billion in investments propel Saudi Arabia’s mining sector growth
Industry

$410 billion in investments propel Saudi Arabia’s mining sector growth

$2.5 trillion in mineral wealth support Saudi Arabia's diversification efforts

Riyadh to ‘move ahead significantly’ on $5 billion Pakistan investment plan
Economy

Riyadh to ‘move ahead significantly’ on $5 billion Pakistan investment plan

Investments to encompass agriculture, mining, information technology, and aviation

Saudi Arabia’s air transport sector sees 26 percent passenger growth, exceeding 112 million in 2023
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

Saudi Arabia’s inflation slows to 1.6 percent in March: Report
Economy

Saudi Arabia’s inflation slows to 1.6 percent in March: Report

Rental prices drive Saudi Arabia's annual inflation increase in March

Only 40 percent of Saudi women are likely to return to work after a break: PwC report
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