business

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’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

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

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

Saudi Arabia’s non-oil private sector maintains steady growth with PMI at 56.4: Report

Robust inventory growth continued as companies sought to prepare for strong sales performances in the future, the report said

Saudi Arabia’s non-oil exports rise 3.3 percent to $18.6 billion in Q1 2024

The total value of commodity exports stood at $77.77 billion

Saudi Arabia, Estonia sign MoU to advance transportation technologies

The deal seeks to harmonize policies and legislation, and facilitate expertise exchange to address transport and logistics challenges

Saudi Arabia maintains steady inflation rate of 1.6 percent in April 2024

Inflation in April was driven by a 10.4 percent increase in rental prices, largely due to a 9.4 percent jump in villa rents

$3.7 billion Saudi investments set to boost North East England’s economy, generate 2,000 jobs: U.K. Official

An Education Task Force will be also established to promote cooperation in higher education

Saudi Arabia set to increase assets under management to 29.4 percent of GDP by 2024

The Kingdom surpassed 2023 targets with 216 fintech companies in operation and the launch of two digital banks

World Bank partners with Saudi Arabia to establish knowledge center for economic reforms

Boosting global economic reforms and enhancing regional and global competitiveness

Visa’s CEMEA President Andrew Torre on getting ready for the next wave of digital disruption

Businesses need to be agile, adapt their strategies and invest in digital infrastructure

Business activity in Saudi Arabia rises to 6-month high in March, PMI data shows

Non-oil private sector saw a decline in cost inflation for the second month in a row

More than 1,200 brands ready for franchising in Saudi Arabia: Report

The Kingdom’s franchising market offers over 10,000 business opportunities

12 percent surge in Saudi business registrations, reaching 1.12 million

The city has seen a 14 percent increase in commercial records, surpassing 192,000 in the past five years

Booming hospitality, transport, and arts sectors fuel Saudi Arabia’s business growth in 2023

The ministry of commerce reported an increase in commercial registrations across various sectors

64 percent of consumers in Saudi Arabia regard Ramadan as opportune time for new purchases: Report

Appetite for spending in the Kingdom soared 46 percent ahead of Ramadan 2024

Pakistan sets sights on $20 billion trade surge with Saudi Arabia

Saudi Arabia-Pakistan trade currently stands at $5.7 billion

MISA, China’s Goldenport sign $20 million agreement to drive investments in motor sports, automotive sectors

The deal is part of MISA's commitment to enhancing flexibility in licensing procedures and investor services