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The growth in earnings is driven by 11 percent lending growth and a rising interest rate environment
The startup recently announced its $6 billion Series B funding round which it will utilize to launch xAI’s first products in the market
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
Strong dollar, possible interest rate hikes are major risks to gold prices
Neo Space Group is PIF's first venture into the space sector
GACA report assesses 11 operational performance standards to enhance services and traveler experiences
Gold prices achieved a record high of $2,449.89 but have since lost over $100
The rating reflects the government's significant progress in implementing a broad-based reform agenda since 2016
Al Khateeb outlines plans to add over 250,000 hotel rooms, attract young Saudis to the industry
By 2025, the Kingdom is expected to account for 67 percent of the MENA region's total E&P expenditure
Chinese reserve buying remains a significant tailwind, driving demand and supporting gold prices
The largest share of spending (15 percent) was on beverages and food, amounted to $471.94 million
This comes as part of Round 4 of the Saudi National Renewable Energy Program (NREP)
The total value of commodity exports stood at $77.77 billion
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
