Saudi Arabia

Saudi NEOM’s $8.4 billion largest green hydrogen plant solidifies Kingdom’s sustainable future

The plant is set to provide clean energy on a large scale globally, marking a major milestone in sustainable energy production

Residential Q1 sales transactions up by 77 percent year-over-year in Riyadh

Prime office rents in Riyadh rose 14.5 percent, while Grade A and B rents increased 11.8 percent and 10.3 percent

Saudi Arabia gold prices fall, global rates decline as U.S. economy growth slows in Q1, inflation data awaited

U.S. economy grew 1.3 percent in Q1 of 2024, significantly slower than 3.4 percent in Q4 of 2023

What is QIWA KSA: A comprehensive guide

QIWA is a platform aiming to enhance the electronic services provided to the labor sector 

Saudi banks see 11 percent increase in loans in April, surpassing $715 billion driven by corporate activities

Personal loans constituted 47 percent of banks' total lending, while corporate loans made up the remaining 53 percent

Lucid and EVIQ collaborate to establish high-speed EV charging infrastructure in Saudi Arabia

The move will facilitate easier access to charging solutions and support the wider adoption of EVs

Saudi Arabia gold prices dip, global rates decline on stronger dollar ahead of key economic data

First-quarter GDP data expected to reveal resilience in the U.S. economy, impacting rate cut expectations

Saudi Arabia gold prices decline, global rates dip as traders reduce rate cut expectations

Fed officials say the central bank needs to wait for significant progress on inflation before cutting interest rates

Saudi banks witness 8 percent surge in Q1 earnings, reaching $4.97 billion

The growth in earnings is driven by 11 percent lending growth and a rising interest rate environment

Saudi Arabia emerges as key investor in Elon Musk’s $24 billion startup xAI

The startup recently announced its $6 billion Series B funding round which it will utilize to launch xAI’s first products in the market

Saudi Arabia’s non-oil sector projected to grow 4.8 percent in 2024, 5.2 percent in 2025: Report

The Kingdom's GDP is expected to expand by 2.3 percent in 2024 and accelerate to 5.8 percent in 2025, the report said

Saudi Arabia gold prices decline, global rates dip as focus shifts to U.S. inflation data

Strong dollar, possible interest rate hikes are major risks to gold prices

Saudi Arabia’s King Khalid airport tops GACA rankings: Report

GACA report assesses 11 operational performance standards to enhance services and traveler experiences

Saudi Arabia gold prices rise, global rates recover from 2-week low ahead of U.S. inflation data

Gold prices achieved a record high of $2,449.89 but have since lost over $100

Saudi Arabia maintains ‘A1’ credit rating with positive outlook amid successful economic reforms: Report

The rating reflects the government's significant progress in implementing a broad-based reform agenda since 2016

Saudi Arabia commits $800 billion to tourism, aims for 10 percent sector contribution to economy by 2030: Minister

Al Khateeb outlines plans to add over 250,000 hotel rooms, attract young Saudis to the industry

Saudi Arabia’s E&P investments to reach $7 billion in 2025: Report

By 2025, the Kingdom is expected to account for 67 percent of the MENA region's total E&P expenditure

Saudi Arabia gold prices decline further, global rates eye largest weekly drop in 8 months

Chinese reserve buying remains a significant tailwind, driving demand and supporting gold prices

Point-of-sale spending in Saudi Arabia reaches $3.1 billion: Report

The largest share of spending (15 percent) was on beverages and food, amounted to $471.94 million

Saudi Arabia signs 1,100MW wind power deals with Japanese consortium

This comes as part of Round 4 of the Saudi National Renewable Energy Program (NREP)

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 gold prices slip, global rates continue decline after Monday’s record high

Traders are currently pricing in a 73 percent chance of an interest rate cut in November

102 agreements worth over $20 billion signed at Saudi Arabia’s Future Aviation Forum 2024

GACA launches first aviation sector report for Saudi Arabia highlighting contributions of $53 billion