Economy

Saudi Arabia’s unemployment rate stabilizes at 3.5 percent in Q1: GASTAT

The unemployment rate for Saudi females rose to 14.2 percent in Q1 2024, up from 13.9 percent in the previous quarter

Saudi Arabia strengthens economic ties with Switzerland at financial dialogue

Switzerland is one of Saudi Arabia's notable trading partners with over 100 companies in the Kingdom

Riyadh among top 5 startup ecosystems in MENA region: Report

Riyadh is among the top emerging ecosystems globally with four unicorns in the last 10 years

Saudi Arabia’s international reserves reach $467.5 billion in May, highest in 18 months

International currency holdings amounted to SAR1.66 trillion, up 6 percent during this period

Saudi Arabia’s GDP grows 1.4 percent in Q1 2024, non-oil activities up by 3.4 percent YoY: GASTAT

Non-oil activities also rose by 0.9 percent in the first three months of 2024 compared to the previous quarter

Saudi Arabia’s non-oil private sector maintains steady growth with PMI at 56.4: Report

Robust inventory growth continued as companies sought to prepare for strong sales performances in the future, the report said

Saudi Arabia issues 127 regional HQs licenses for companies in Q1, up 477 percent YoY

MISA processed during the quarter 445 investor visit visa applications, enabling overseas businesses to explore opportunities

What is QIWA KSA: A comprehensive guide

QIWA is a platform aiming to enhance the electronic services provided to the labor sector 

Saudi Arabia’s non-oil sector projected to grow 4.8 percent in 2024, 5.2 percent in 2025: Report

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

Saudi Arabia maintains ‘A1’ credit rating with positive outlook amid successful economic reforms: Report

The rating reflects the government's significant progress in implementing a broad-based reform agenda since 2016

Point-of-sale spending in Saudi Arabia reaches $3.1 billion: Report

The largest share of spending (15 percent) was on beverages and food, amounted to $471.94 million

Saudi Arabia’s e-commerce market projected to hit $44 billion by 2030

The sector is predicted to experience a 13.5 percent annual growth, surpassing the global average of 11.2 percent

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

U.K. second largest foreign investor in Saudi Arabia with $16 billion in investment shares

Saudi minister highlights the Kingdom's status as the fastest-growing economy over the past six years

$3.7 billion Saudi investments set to boost North East England’s economy, generate 2,000 jobs: U.K. Official

An Education Task Force will be also established to promote cooperation in higher education

Unemployment rate in Saudi Arabia’s labor market at 8.6 percent, women’s participation reaches 34.2 percent

Over 1,000 government employees received training at international agencies, enhancing their work effectiveness

Nearly 30,500 new employees join Saudi Arabia’s private sector in April

As many as 2.36 million citizens were working in the Kingdom's private sector in April

Saudi Arabia’s non-oil sector starts Q2 2024 with strong growth, says PMI

To meet rising demand, purchasing activity in Saudi Arabia's non-oil sector saw a sharp increase in April

Saudi Arabia’s non-oil revenues rise 9 percent to $29.73 billion in Q1 2024: MoF

Saudi Arabia's total revenues saw a 4 percent annual increase to SAR293.433 billion

Saudi Arabia’s real GDP grows 1.3 percent in Q1 of 2024

In Q1, Saudi Arabia's non-oil activities saw a 2.8 percent annual increase

Saudi Arabia to host 28th World Investment Conference from November 25 to 27

Conference positions Saudi Arabia as global investment hub, promotes its promising business environment

WEF Special Meeting: Developing human capital must be the focus for investment

Collaborative effort is needed to address the energy trilemma of security, equity and sustainability