Skip to main content
Skip to footer
Traders are currently pricing in a 73 percent chance of an interest rate cut in November
GACA launches first aviation sector report for Saudi Arabia highlighting contributions of $53 billion
The move falls in line with the country's ambitious plan to reach 250 global destinations by 2030
Gold prices held above the $2,400 key level ahead of potential interest rate cuts later this year
The Saudi aviation sector contributed $53 billion to the country's economy and supported around 958,000 jobs nationwide
The dollar index rose 0.1 percent, making greenback-priced bullion less attractive to holders of other currencies
The sector is predicted to experience a 13.5 percent annual growth, surpassing the global average of 11.2 percent
Number of flights increased to over 37 million last year, according to GACA President
Data also showed that Saudi refineries' crude throughput fell in March by 0.115 million bpd to 2.560 million bpd
Agreements align with Aramco's ambition to achieve net zero Scope 1 and Scope 2 greenhouse gas emissions
The sector supports 241,000 jobs, with a further estimated 717,000 jobs in the tourism sector
The dollar index maintained its downward trend, declining 0.03 percent on Monday
The licenses cover 10 building materials quarry licences, one mineral ores surplus licence, and one reconnaissance licence
Roadmap builds on the 2022 Partnership for Advancing Clean Energy Agreement
Agreements to develop and raise the quality of residential projects across the Kingdom
Dollar index declined almost 0.6 percent this week, making gold more affordable for holders of other currencies
This represents a 3.66 percent rise compared to the previous month
The deal seeks to harmonize policies and legislation, and facilitate expertise exchange to address transport and logistics challenges
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
Saudi minister highlights the Kingdom's status as the fastest-growing economy over the past six years
U.S. consumer prices increased less than expected in April, which supported bullion
An Education Task Force will be also established to promote cooperation in higher education
Program rehabilitated of over 100 heritage sites and museums in 2023
SEVEN spearheads 21 entertainment projects across 14 cities, with investments exceeding $13.33 billion
