Saudi Arabia

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

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