Saudi Arabia

Beyond payments: How Mastercard is fueling transformation and driving inclusion

Great strides have been made in advancing digital transformation and building a robust payment ecosystem across the region

Localization rates for jobs in Makkah’s tourism sector reach 40 percent

The number of Saudi women working in the sector saw a 37 percent increase in 2024 so far

Saudi Arabia’s industrial production rises 1.1 percent in April on manufacturing surge: Report

Saudi Arabia sees 7.7 percent annual surge in manufacturing activity in April 2024

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

Retail investors now hold 0.76 percent of Saudi Aramco shares

Domestic institutional investors now hold around 0.89 percent of the company's shares

Saudi Arabia’s corporate sukuk, debt capital market grows 7.9 percent annually since 2019

Market sees surge in liquidity with a traded value of SAR2.5 billion in 2023

Saudi drivers poised for 85 percent battery-electric vehicles adoption by 2035: Study

Currently, around 70 percent of the country's population have expressed moderate to strong interest in owning BEVs 

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 PIF successfully prices inaugural $831 million sterling-denominated bonds

Offering includes a GBP300 million tranche with a 5-year coupon and a GBP350 million tranche with a 15-year coupon

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 banks’ deposits grow 5.9 percent in Q1 2024, outpacing 3.5 percent loan growth: Report

The report shows remarkable growth in operating income (+3.8 percent) mainly on the back of higher fee income

Saudi Arabia issues 127 regional HQs licenses for companies in Q1, up 477 percent YoY

MISA processed during the quarter 445 investor visit visa applications, enabling overseas businesses to explore opportunities

King Abdul Aziz Port in Dammam maintains operational excellence, handles 292,612 containers in May 2024

Mawani's infrastructure improvements align with the National Transport and Logistics Strategy

Saudi Arabia’s services exports rise 40 percent, exceeding $48 billion in 2023

Recovering tourism sector contributed 74 percent of total services exports in 2023

Saudi Aramco’s $12 billion offering sees strong demand, value could rise to $13.1 billion

The banks on the Aramco offering will take institutional orders until Thursday and will set the price of the shares the following day

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