Economy
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
Strategy aims to support partnerships between investors
Oil activities lead GDP growth by 11.8% in Q2
Supported by large fixed stock of oil reserves, stable financial system
Saudi, US sign 18 agreements and cooperation memoranda
The Crown Prince and the US President shake hands with fists
Food and beverage segment has the greatest impact
S&P: Upturn underlined by a robust increase in new business levels
Allocations targeted several sectors including food and unemployment
