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Saudi Arabia
Economy
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
Banking & Finance
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
Economy
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
Logistics
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
Markets
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
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
Economy
Saudi Arabia strengthens economic ties with Switzerland at financial dialogue
Switzerland is one of Saudi Arabia's notable trading partners with over 100 companies in the Kingdom
Logistics
Saudia among top airlines globally for on-time arrival, departure
King Khalid International Airport ranked first globally with an on-time performance of 88.23 percent
Economy
Riyadh among top 5 startup ecosystems in MENA region: Report
Riyadh is among the top emerging ecosystems globally with four unicorns in the last 10 years
Saudi Arabia
Saudi Arabia ranks 1st globally in cybersecurity on 2024 World Competitiveness Yearbook
Kingdom also secured top spot in areas like long-term employment growth, social cohesion and long-term labor market growth
Economy
Saudi Arabia’s international reserves reach $467.5 billion in May, highest in 18 months
International currency holdings amounted to SAR1.66 trillion, up 6 percent during this period
Saudi Arabia
Saudi Arabia leads water sustainability by doubling desalinated water production
Close to 60 percent of the Kingdom’s water came from desalination in 2019
Hospitality & Tourism
Localization rates for jobs in Makkah’s tourism sector reach 40 percent
The number of Saudi women working in the sector saw a 37 percent increase in 2024 so far
Industry
Saudi Arabia’s industrial production rises 1.1 percent in April on manufacturing surge: Report
Saudi Arabia sees 7.7 percent annual surge in manufacturing activity in April 2024
Hospitality & Tourism
Saudi Arabia’s tourism sector contributing record $118.4 billion to GDP: Report
The Kingdom’s travel and tourism sector grew by over 32 percent in 2023
Economy
Saudi Arabia’s GDP grows 1.4 percent in Q1 2024, non-oil activities up by 3.4 percent YoY: GASTAT
Non-oil activities also rose by 0.9 percent in the first three months of 2024 compared to the previous quarter
Markets
Retail investors now hold 0.76 percent of Saudi Aramco shares
Domestic institutional investors now hold around 0.89 percent of the company's shares
Saudi Arabia
Saudi Arabia signs $83 million loan deal with El Salvador for water treatment, energy generation
Project to benefit over 1.2 million people and significantly increase El Salvador’s renewable energy capacity
Miscellaneous
Visa’s ‘She’s Next’ returns to Saudi Arabia with inaugural ‘She’s Next in Gaming’ event
The Kingdom is home to around 23.5 million gamers, 48 percent of whom are women
Banking & Finance
Saudi Arabia’s corporate sukuk, debt capital market grows 7.9 percent annually since 2019
Market sees surge in liquidity with a traded value of SAR2.5 billion in 2023
Logistics
Riyadh Air, China Eastern Airlines forge partnership to promote connectivity, digital innovation
MoU to promote digital transformation, knowledge sharing and technology development
Saudi Arabia
Saudi drivers poised for 85 percent battery-electric vehicles adoption by 2035: Study
Currently, around 70 percent of the country's population have expressed moderate to strong interest in owning BEVsÂ
Hospitality & Tourism
Saudi NEOM reveals Magna: 12 luxury destinations to contribute over $693 million to Kingdom’s GDP by 2030, create 15,000 jobs
Magna will prioritize cutting-edge technology, world-class architecture, and ultra-modern amenities in line with Vision 2030
Banking & Finance
Saudi Arabia’s PIF successfully prices inaugural $831 million sterling-denominated bonds
Offering includes a GBP300 million tranche with a 5-year coupon and a GBP350 million tranche with a 15-year coupon
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