Saudi Arabia

Gross Premium Written in Saudi to grow by 5-10% in 2022

Intense competition pressures Saudi’s underwriting results

Saudi closes 49 investment deals worth SAR 3.5 bn in Q2

Foreign investment licenses increased by 674 percent yoy

Oil revenues send Saudi’s budget surplus to $21 bn

The highest quarterly surplus since data publication began in early 2016

Saudi establishes special authority to promote foreign investment

Strategy aims to support partnerships between investors

Saudi Aramco buys US-based Valvoline for $2.65 bn

Acquisition fits in with growth strategy for lubricants, says Aramco

Saudi economy achieves highest quarterly growth in 11 years

Oil activities lead GDP growth by 11.8% in Q2

Saudi Crown Prince in Greece, signs submarine cable agreement

Connecting electricity grids provides cheaper green energy

Saudi achieves largest monthly trade balance surplus in 6 years

Non-oil exports increased by 27% to $7.4 billion

Saudi to cut airport charges by 35% amid continuing privatization

Airports to be granted flexibility to reduce charges below announced caps

Moody’s projects Saudi economy to grow at 3.9% by 2026

Supported by large fixed stock of oil reserves, stable financial system

Saudi: “We do not see oil shortage in market, only in refining capacity”

Saudi Foreign Minister Prince Faisal bin Farhan on official visit to Japan

Biden to announce $1 bn in food security funding at summit today

Saudi, US sign 18 agreements and cooperation memoranda 

King Salman, Biden discuss ways to strengthen Saudi-US relations

The Crown Prince and the US President shake hands with fists