Saudi Arabia

GCC inflation reaches 1.7 percent by end of October 2024, reports GCC-Stat

Annual inflation is driven by housing prices up 6.4 percent, goods and services 3 percent, hotels 1.7 percent

Saudi Arabia’s GDP up 1.3 percent in 2024, driven by non-oil sector growth

The growth stemmed from a 4.3 percent rise in non-oil and a 2.6 percent increase in government activities.

PIF launches first Saudi-owned duty-free retailer to propel travel retail growth

Al Waha to drive growth in Saudi Arabia's travel retail market by enhancing the traveler experience

Saudi Arabia’s liquidity grows 9 percent to $778.6 billion in 2024

Demand deposits, which constitute the largest share, accounted for 49.3 percent of the total liquidity at SAR1.440 trillion

Jeddah Historic District welcomes over 1 million visitors in first week of Ramadan Season 2025

Season seeks to revive cultural heritage and promote Saudi identity through a variety of Ramadan-themed activities

Saudi Air Connectivity Program introduces direct flights from Stuttgart to Jeddah

This initiative aims to boost capacity for travelers from Europe and the United States to Saudi Arabia

stc raises connectivity speed by over 120 percent in the Two Holy Mosques during Ramadan

Data usage during Ramadan has already increased by 37 percent while voice services increased by more than 18 percent

Saudi Arabia approves launch of Investment Marketing Authority to support growth in key sectors

Authority will bolster Saudi Arabia's investment landscape and aims to consolidate the Kingdom’s position as a world-class investment hub

FHS Saudi Arabia launches NextGen Investment Forum to deliver future leaders in hospitality

Forum seeks to create a comprehensive ecosystem that supports education and career development in hospitality

Job creation in Saudi Arabia’s non-oil sector climbs to second-highest in over a decade: PMI

Saudi Arabia's PMI recorded 58.4 in February, down from its strongest reading in just over a decade of 60.5 in January

UAE reaffirms commitment to full conformity with OPEC+ voluntary production adjustments

The eight OPEC+ countries plan to fully compensate overproduced volumes by June 2026

PIF, Goldman Sachs Asset Management to partner on investments in Saudi Arabia and GCC

PIF will act as a strategic anchor investor for new private credit and public equity strategies in Saudi Arabia and the wider GCC region