Saudi Arabia

Moody’s affirms Saudi’s credit rating at A1 with a stable outlook

"The government is able to control public finances and financial sustainability"

Growth in Saudi exceeds expectations, achieves 9.9% in Q1

Results coming from a significant increase in oil activities

Profits at top Saudi Arabian banks jump by 17.6% in Q1 2022

Growth attributed to several factors, including a buoyant energy market

$1 bln to finance infrastructure projects in Saudi

Saudi to attract 70 million international, local visitors

Saudi shows foreign investor appetite and soaring IPOs in Q1 report

Foreign investors rose to historical levels in Q1, with 9,383 new licenses

Saudi’s PIF acquires 24% stake in Capital Bank for SAR 695 mln

Total shareholders’ equity raises to SAR 3.2 billion

New MOU signed in Saudi to expand pharmaceutical capabilities

MoU to promote healthcare sector, raise Saudization 

Jadwa expects Saudi’s foreign reserves to reach $581 billion by end 2022

The kingdom could make $400 billion from oil industry this year

Saudi exempts taxpayers from fines

The initiative aims to mitigate the economic fallout of the pandemic

Riyadh apartment prices accelerate by 20%

Government’s programs to boost home ownership have turbo-charged demand

Did Saudi just unleash a fintech boom?

106 deals worth in excess of $558 million, highest in the region

stc, Alibaba to launch cloud services in Saudi

The new investment is valued at $238.3 million

Davos discusses future prospects of the Saudi economy

The Saudi wave will push all the ships in the region with it

Al-Jadaan: Saudi to cut VAT rate after replenishing reserves

"We are at a final stages of designing our fiscal sustainability policy"

Saudi expects economy to grow by 7.4% in 2022

Saudi oil GDP expected to increase by 19%

Riyadh hopes to “reach an agreement with OPEC+

Saudi Energy Minister: World must appreciate value of the alliance

Al-Waleed bin Talal sells 17% of “Kingdom Holding” to the PIF

Bin Talal's share in the company's capital declines to 78.13%

Saudi aims to become a leader in adopting AVs

Saudi expects AVs to be available to everyone by 2050

Saudi to manufacture over 300,000 cars per year by 2030

Expenditure on cars in Saudi reached SAR 40bn in 2020

Saudi at the forefront of threat readiness

Trend Micro blocked 107 million threats in Saudi