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Saudi Arabia
Markets
Saudi Arabia gold prices slump as global rates decline on geopolitical uncertainty
Gold prices have established a support base around the $2,280 mark over the past week
Saudi Arabia
Saudi Arabia allocates $2.5 billion to Middle East Green Initiative
Central to Saudi Arabia’s strategy for addressing climate change is the implementation of afforestation programs
Hospitality & Tourism
Saudi Arabia’s Qiddiya set to build Aquarabia, region’s largest water theme park
Aquarabia will also offer an underwater adventure trip using diving vehicles
Banking & Finance
Saudi Arabia’s Vision 2030 will need around $1 trillion in investments over several years: Report
Non-oil economy will continue to grow with increased government investments in Vision 2030 projects
Economy
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
Markets
Saudi Arabia gold prices up as global rates rise despite strong dollar
Currently, markets are pricing a 67 percent chance of a U.S. interest rate cut in September
Economy
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
Saudi Arabia’s internet penetration reaches 99 percent in 2023: Report
Both men and women demonstrated high levels of internet usage, with rates of 99.3 percent and 98.5 percent respectively
Saudi Arabia
Saudi Arabia and Japan to collaborate on digital economy growth, technology innovation
Both parties discussed the progress made in various digital projects and joint initiatives under the Saudi and Japanese Vision 2030 frameworks
Economy
Saudi Arabia’s net FDI surges 16 percent to $3.49 billion, supporting non-oil growth
Saudi Arabia aims to attract $100 billion in FDI by 2030
Markets
Saudi Arabia gold prices rise as global rates inch up ahead of key U.S. payroll data
Diminishing geopolitical concerns and a reevaluation of interest rate expectations impact bullion
Markets
Saudi Arabia set to increase assets under management to 29.4 percent of GDP by 2024
The Kingdom surpassed 2023 targets with 216 fintech companies in operation and the launch of two digital banks
Markets
Saudi Arabia gold prices rise, global rates slip as Fed keeps rates unchanged
Powell's assurance that further rate hikes were off the table will help bullion
Hospitality & Tourism
IHG inks agreement to launch Hotel Indigo and Residences in Al Khobar, Saudi Arabia
The hotel will will offer over 200 rooms and hotel apartments
Economy
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
Markets
Saudi Arabia gold prices decline, global rates marginally rise ahead of Fed’s policy decision
Gold prices have declined more than $140 after reaching a record high of $2,431.29 on April 12
Saudi Arabia
Saudi Arabia, Mauritania to cooperate in electricity, renewable energy, and clean hydrogen
The deal aims to enhance electricity system reliability through knowledge exchange and partnership
Markets
Saudi Arabia gold prices dip as global rates decline ahead of U.S. Fed meeting
Gold lost 2.2 percent last week amidst easing tensions in the Middle East
Saudi Arabia
Saudi Arabia’s ACWA Power seeks to invest $10 billion in Malaysia’s renewable energy sector
Collaboration to power up green data centers in Malaysia's industrial parks
Health
WEF Special Meeting: Coordinated cooperation key to mitigating impact of epidemics, says Saudi health minister Al-Jalajel
Integrating health, justice and sustainability in decision-making promotes health sector's growth
Saudi Arabia
WEF, Saudi Space Agency ink agreement to establish Center for Space Futures
Center to facilitate public-private discussions on space collaboration
Economy
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
Markets
Saudi Arabia gold prices decline, global rates dip as hope for early rate cuts diminishes
Gold could capitalize on potential downturns in U.S. macroeconomic data in the coming quarters
Economy
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
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