Economy
New investment licenses issued in Q3 2022 amounted to 1,163
Seven mega-agreements are expected to be announced today
Robust economy, diversification, capital markets attracting investments
The two countries signed 11 deals to promote investment
Though activity slowed due to higher production costs
MOU with Saudi Finance to establish IMF regional office in Kingdom
To 9.7% in Q2, compared to 10.1% in Q1 2022
The cabinet reshuffle kept Mohamed Al-Jadaan as Finance Minister
"National Day anniversary comes as we continue march towards development"
The Saudi economy is stronger than ever
Dubai to also commemorate the occasion with events across the city
Meat and poultry prices rose 6.7%
Economic growth is due to the significant increase in oil activities
“The Fund”: a decrease of about 20% in the direct share of oil in the GDP
Total new orders rose at the fastest pace since October
Kingdom quickly recovered from pandemic-induced recession
Inflation will remain at 2.8 percent level in 2022
F&B prices, transportation costs were the primary causes of rising inflation
Intense competition pressures Saudi’s underwriting results
Foreign investment licenses increased by 674 percent yoy
