Saudi Arabia

Saudi Arabia’s Jeddah Islamic Port to establish $46.6 million integrated logistics zone

Saudi Arabia’s Jeddah Islamic Port to establish $46.6 million integrated logistics zone

The new zone will boost port efficiency, improve commercial flow, and strengthen supply chains

Saudi Arabia sees modest increase in gold prices following Fed’s policy announcement

Saudi Arabia sees modest increase in gold prices following Fed’s policy announcement

Resurgence of copper rally takes center stage, PMIs come into focus

Saudi Arabia closes March issuance of sukuk program at $1.17 billion

Saudi Arabia closes March issuance of sukuk program at $1.17 billion

To cater to investors with different investment horizons, the issuance has been divided into three tranches

Saudi Cabinet greenlights agreement for setting up IMF regional office in Riyadh

Saudi Cabinet greenlights agreement for setting up IMF regional office in Riyadh

The initiative seeks to enhance the presence and collaborative efforts of the IMF with Arab institutions

Gold prices in Saudi Arabia inch higher ahead of key Fed meeting

Gold prices in Saudi Arabia inch higher ahead of key Fed meeting

Prices hold steady above $2,150

EFG Hermes concludes advisory on Cenomi retail’s sale of a portfolio of fashion brands to Abdullah Al-Othaim Fashion

Banking & Finance

EFG Hermes concludes advisory on Cenomi retail’s sale of a portfolio of fashion brands to Abdullah Al-Othaim Fashion

In December 2023, Cenomi Retail acquired 100 percent of the share capital of Innovative Outfit Trading Company

Egypt’s Modern Gas to develop $533K subsidiary in Saudi Arabia

Egypt’s Modern Gas to develop $533K subsidiary in Saudi Arabia

Modern Gas generated revenues of $55.2 million in 2023

Saudi Arabia’s crude exports dip 0.2 percent in January

Saudi Arabia’s crude exports dip 0.2 percent in January

OPEC+ extends output cuts amid market dynamics and global demand predictions

Saudi Arabia’s mineral wealth estimated at $2.4 trillion

Saudi Arabia’s mineral wealth estimated at $2.4 trillion

Exploitation licenses in the Kingdoms mining sector soared by 138 percent

Gold prices in Saudi Arabia show slight increase ahead of Fed meeting

Gold prices in Saudi Arabia show slight increase ahead of Fed meeting

Gold holds above $2,150 support level

Oil prices hold near four-and-a-half month high on reduced exports, market caution

Oil prices hold near four-and-a-half month high on reduced exports, market caution

Surging prices fueled by refinery activity, China demand, and Middle East disruptions

Saudi Arabia’s banks experience boost in profits with 3.1 percent increase in net interest margin

Banking & Finance

Saudi Arabia’s banks experience boost in profits with 3.1 percent increase in net interest margin

The operating income grew by 9.5 percent

Saudi Arabia’s tourism sector attracts $13 billion in investments, eyes $85 billion in revenue

Hospitality & Tourism

Saudi Arabia’s tourism sector attracts $13 billion in investments, eyes $85 billion in revenue

Kingdom positions itself as a premier travel destination with ambitious growth plans

Economic and social reforms bolster Saudi Arabia’s stable credit ratings, says S&P Global

Economic and social reforms bolster Saudi Arabia’s stable credit ratings, says S&P Global

The non-oil sector investment key to sustaining 3.3 percent annual GDP growth over 2024-2027

Gold prices in Saudi Arabia drop as traders turn cautious ahead of Fed meeting

Gold prices in Saudi Arabia drop as traders turn cautious ahead of Fed meeting

Prices sank below $2,150

Saudi Arabia’s non-oil economy reaches 50 percent of real GDP

Saudi Arabia’s non-oil economy reaches 50 percent of real GDP

Private investment and robust exports drive record-breaking expansion

Investments in 11,670 Saudi factories reach $410 trillion by January

Investments in 11,670 Saudi factories reach $410 trillion by January

A total of 152 new industrial licenses were issued in January

Gold sets to break three-week winning streak on inflation worries

Gold sets to break three-week winning streak on inflation worries

The precious metal struggles to overcome resistance level of $2,200

Housing costs propel Saudi Arabia’s inflation to 1.8 percent in February

Housing costs propel Saudi Arabia’s inflation to 1.8 percent in February

Subcategory prices for housing, water, electricity, gas, and fuels rose 8.5 percent YoY

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

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

Gold dips as dollar strengthens, traders await additional U.S. data

Gold dips as dollar strengthens, traders await additional U.S. data

Copper prices cooled down after reaching 11-month highs

Construction begins on Al-Urubah Park, Riyadh’s largest green space project

Construction begins on Al-Urubah Park, Riyadh’s largest green space project

More than 600,000 trees and shrubs will be planted, covering 65 percent of the park area

Saudi Arabia’s PIF inches closer to $1 trillion in assets

Saudi Arabia’s PIF inches closer to $1 trillion in assets

Strategic acquisitions and diversification drive growth trajectory

Gold dips slightly as traders await key U.S. inflation report

Gold dips slightly as traders await key U.S. inflation report

Last week, gold reached near record-high levels