Saudi Arabia

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

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

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

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

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

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

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

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 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

Saudi Arabia’s logistics sector grows 76 percent in Q2 2024

Saudi Arabia's logistics sector saw a remarkable 48 percent growth in container handling during Q2 of 2024

Riyadh’s retail space to grow by 28 percent to 4.6 million square meters by 2026: Report

E-commerce market in Saudi Arabia expanded by 28 percent to SAR157 billion in 2023

Saudi Arabia issues 86 industrial licenses worth $587 million in April 2024

In April, 67 factories began production with investments reaching $400 million

Dell Technologies, Aramco, NITA ink agreement to upskill Saudi talent

Program aims to arm local Saudi talent with the skills and knowledge required to excel and thrive in today’s data-driven world

Riyadh ranks among 15 fastest-growing cities in the world by 2033: Report

Riyadh's population to grow from 5.9 million to 9.2 million in 10 years

Saudi Arabia raises retirement age to 65 in new social insurance law

GOSI stated that the statutory retirement age for individuals affected by the amendments would range between 58 and 65 years

Saudi Arabia wins presidency of Arab Civil Aviation Organization executive council

Saudi Arabia supports the organization's 'No Country Left Behind' initiative with $1 million of funding

Saudi Arabia’s non-oil sector continues to grow in June, employment rises: PMI

Export sales across the non-oil sector grew in June at the fastest rate so far this year

Saudi Arabia’s bank deposits surge to record $237 billion in May

Time and savings deposits in Saudi Arabia's banking system grew 3 percent since the beginning of the year

Saudi Arabia’s unemployment rate stabilizes at 3.5 percent in Q1: GASTAT

The unemployment rate for Saudi females rose to 14.2 percent in Q1 2024, up from 13.9 percent in the previous quarter

Saudi non-oil exports to China exceed $46.9 billion over past 5 years

This highlights the strong economic and trade relationship between Saudi Arabia and China

Saudi Arabia’s capital market raises $8 billion from 70 sukuk, debt instrument listings in 2023: Report

Saudi Arabia saw record high net foreign investments, which rose 7.7 percent annually to $52.78 billion in 2023

Saudi Arabia, U.K. explore opportunities in sustainable city development, green energy

Saudi Arabia's Ambassador to the U.K. highlighs the growth of debt markets and insurance companies across the Kingdom