Saudi Arabia

Saudi Arabia’s non-oil merchandise exports to GCC hit $2.9 billion in May

Saudi Arabia’s non-oil merchandise exports to GCC hit $2.9 billion in May

UAE remained Saudi Arabia’s largest non-oil trading partner within the GCC region

Saudi Arabia’s PIF strengthens ties with China through $50 billion deals to boost bilateral capital flows

Banking & Finance

Saudi Arabia’s PIF strengthens ties with China through $50 billion deals to boost bilateral capital flows

The agreements involve Chinese banks and focus on two-way capital flows through debt and equity

Saudi Arabia’s MODON secures 9 deals worth $266.47 million to develop industrial cities

Saudi Arabia’s MODON secures 9 deals worth $266.47 million to develop industrial cities

The projects include infrastructure development for the third industrial city in Jeddah and the second industrial city in Makkah

Saudi Arabia’s residential real estate prices rise 2.8 percent in Q2 2024

Saudi Arabia’s residential real estate prices rise 2.8 percent in Q2 2024

Apartment prices in Saudi Arabia increased by 2.9 percent while villa prices declined by 0.5 percent

Saudi Arabia’s non-oil revenues rise 26 percent to $37.48 billion, says Q2 2024 budget

Banking & Finance

Saudi Arabia’s non-oil revenues rise 26 percent to $37.48 billion, says Q2 2024 budget

Oil revenues see significant 17.08 percent rise to $56.77 billion in Q2

Saudi Arabia among top 20 vehicle import markets globally with imports exceeding 1 million units

Saudi Arabia among top 20 vehicle import markets globally with imports exceeding 1 million units

Arab world's total vehicle sales in 2022 exceeded 1.7 million units, with 36 percent of these sales occurring in Saudi Arabia

NEOM’s social responsibility programs benefit 50,000 people: Report

NEOM’s social responsibility programs benefit 50,000 people: Report

The mega-project awarded 26 projects to companies in Tabuk, helping 583 people secure employment

Saudi Arabia ranks 1st globally for state of economy, consumer confidence rises: Survey

Saudi Arabia ranks 1st globally for state of economy, consumer confidence rises: Survey

Saudi Arabia's consumer confidence is significantly higher than the global average of 50.2

Saudi Arabia positions Jeddah Islamic Port as central metals distribution hub with London Metal Exchange listing

Saudi Arabia positions Jeddah Islamic Port as central metals distribution hub with London Metal Exchange listing

This development underscores the port's crucial role in facilitating global trade

Saudi Arabia confident in 2034 World Cup bid, featuring rising football stars

Saudi Arabia confident in 2034 World Cup bid, featuring rising football stars

The bid reflects Kingdom’s efforts to achieve the sports goals of Vision 2030

Saudi Arabia’s data and AI authority launches data center expansion projects in Riyadh

Saudi Arabia’s data and AI authority launches data center expansion projects in Riyadh

The value of the Kingdom's data and AI economy is currently at around $4-5 billion

Saudi Arabia’s Dammam port sees 37.4 percent container handling growth, manages 1.53 million units in H1 2024

Saudi Arabia’s Dammam port sees 37.4 percent container handling growth, manages 1.53 million units in H1 2024

Transshipment containers also surged by 87.87 percent to 37,806 units from 20,124 in 2023

Saudi Arabia’s NEOM completes mega infrastructure project phases ahead of schedule

Hospitality & Tourism

Saudi Arabia’s NEOM completes mega infrastructure project phases ahead of schedule

Projects boost NEOM's commitment to leading-edge sustainable transportation solutions

Saudi Arabia’s non-oil exports rise 8.2 percent to $7.73 billion in May 2024

Saudi Arabia’s non-oil exports rise 8.2 percent to $7.73 billion in May 2024

Saudi Arabia's exports to China amounted to 15.2 percent of total exports, making the country the top export destination

Saudi Arabia’s Diriyah secures $2.13 billion contract to build four luxury hotels, equestrian club in Wadi Safar

Saudi Arabia’s Diriyah secures $2.13 billion contract to build four luxury hotels, equestrian club in Wadi Safar

The contract has been awarded to a joint venture of two Saudi construction firms, Urbacon and Al Bawani

Saudi Arabia’s POS transactions surge to $2.9 billion amid rise in education spending

Banking & Finance

Saudi Arabia’s POS transactions surge to $2.9 billion amid rise in education spending

Hotel spending also increased, rising by 0.2 percent compared to the previous week to reach SAR270.2 million

Riyad Bank launches Saudi banking industry’s first-ever AI center

Banking & Finance

Riyad Bank launches Saudi banking industry’s first-ever AI center

AI center will provide the banking sector with an advanced research, innovation and analytical environment

Saudi Arabia dominates GCC bond market in H1 2024 with $37 billion in issuances

Saudi Arabia dominates GCC bond market in H1 2024 with $37 billion in issuances

GCC fixed income markets saw $75.5 billion in primary issuances during this period

Saudi Arabia’s flynas announces new weekly flights to Manama, Doha starting September

Saudi Arabia’s flynas announces new weekly flights to Manama, Doha starting September

Airline will operate three weekly flights between Madinah airport and Bahrain International Airport in Manama as of September 10

NHC partners with Korea’s Naver to boost smart city solutions in Saudi Arabia

NHC partners with Korea’s Naver to boost smart city solutions in Saudi Arabia

Digital solutions include 3D maps, simulation models for urban planning and flood management, and monitoring and control centers

Saudia signs $450 million deal with Germany’s Lilium for 50 electric flying taxis

Saudia signs $450 million deal with Germany’s Lilium for 50 electric flying taxis

Lilium expects to deliver the first jets to Saudia in 2026

Saudi Aramco raises $6 billion in high-demand bond offering, attracting $33 billion in orders

Saudi Aramco raises $6 billion in high-demand bond offering, attracting $33 billion in orders

The issuance consists of three tranches of dollar-denominated senior unsecured notes under Aramco's global debt program

Saudi Arabia’s tourism sector sees robust growth in H1, hitting $40 billion in visitor spending

Hospitality & Tourism

Saudi Arabia’s tourism sector sees robust growth in H1, hitting $40 billion in visitor spending

Saudi Arabia achieved 60 million visits during the first half of 2024

Saudi Arabia’s crude oil exports rise 2.51 percent to 6.12 million barrels per day: Official data

Saudi Arabia’s crude oil exports rise 2.51 percent to 6.12 million barrels per day: Official data

Crude oil production increased to 8.99 million bpd, reflecting a monthly rise of 0.08 percent