Saudi Arabia

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

Saudi Arabia set to launch new air carrier later this year: GACA Vice President

The move falls in line with the country's ambitious plan to reach 250 global destinations by 2030

Saudi Arabia gold prices dip, global rates down ahead of Fed meeting minutes

Gold prices held above the $2,400 key level ahead of potential interest rate cuts later this year

Future Aviation Forum 2024 seals 47 agreements worth $19 billion

The Saudi aviation sector contributed $53 billion to the country's economy and supported around 958,000 jobs nationwide

Saudi Arabia gold prices dip, global rates decline from record high on stronger dollar

The dollar index rose 0.1 percent, making greenback-priced bullion less attractive to holders of other currencies

Saudi Arabia’s e-commerce market projected to hit $44 billion by 2030

The sector is predicted to experience a 13.5 percent annual growth, surpassing the global average of 11.2 percent

Saudi Arabia sees 20 percent surge in passengers in 2024 at 111 million

Number of flights increased to over 37 million last year, according to GACA President

Saudi Arabia’s crude oil exports hit 9-month high, reaching 6.413 million bpd in March

Data also showed that Saudi refineries' crude throughput fell in March by 0.115 million bpd to 2.560 million bpd

Saudi Arabia’s Aramco inks three agreements with U.S. companies for lower-carbon energy solutions

Agreements align with Aramco's ambition to achieve net zero Scope 1 and Scope 2 greenhouse gas emissions

Aviation sector contributes $53 billion to Saudi GDP: Report

The sector supports 241,000 jobs, with a further estimated 717,000 jobs in the tourism sector

Saudi Arabia gold prices rise, global rates hit record high of $2,440.49 on rate cut bets

The dollar index maintained its downward trend, declining 0.03 percent on Monday

Saudi Arabia’s Ministry of Industry issues 12 new mining licenses in March 2024

The licenses cover 10 building materials quarry licences, one mineral ores surplus licence, and one reconnaissance licence

Saudi Arabia, U.S. forge roadmap for cooperation in energy with focus on sustainability

Roadmap builds on the 2022 Partnership for Advancing Clean Energy Agreement

Saudi Arabia, China ink two key deals to boost Kingdom’s housing sector

Agreements to develop and raise the quality of residential projects across the Kingdom

Saudi Arabia gold prices rise, global rates on track for second weekly gain

Dollar index declined almost 0.6 percent this week, making gold more affordable for holders of other currencies

Saudi Arabia’s holdings in U.S. treasuries surge to $135.9 billion

This represents a 3.66 percent rise compared to the previous month

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

U.K. second largest foreign investor in Saudi Arabia with $16 billion in investment shares

Saudi minister highlights the Kingdom's status as the fastest-growing economy over the past six years

Saudi Arabia gold prices down, global rates rise on cooling U.S. inflation

U.S. consumer prices increased less than expected in April, which supported bullion

$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