Manufacturing, mining sectors drive Saudi industrial growth to 3.1%: GASTAT
Saudi Arabia’s Industrial Production Index expanded by 3.1 percent year on year in April, driven by strong growth in the manufacturing, mining, and quarrying industries, official data showed. According to […]
Saudi commercial bank profits jump 16% in April, topping $2bn before zakat, tax
Saudi Arabia’s banking sector extended its winning streak in April, posting SR7.77 billion ($2.07 billion) in pre-zakat and tax profits, a 16 percent increase compared to the same month last […]
Saudi carrier flynas to expand operations across 4 hubs, official says
Saudi Arabia’s low-cost carrier flynas is set to expand operations across its four main hubs — Riyadh, Jeddah, Madinah, and Dammam — as part of an ambitious growth plan, according […]
Saudi Aramco secures $5bn in bond sale to bolster financial flexibility
Saudi Aramco has raised $5 billion through a three-tranche bond issuance under its Global Medium-Term Note Program, the company said. The senior notes, which were priced on May 27 and […]
Saudi Arabia’s economic growth to outstrip US, UK, France in 2026: OECD
Saudi Arabia’s real gross domestic product is projected to grow by 2.5 percent in 2026, a rate that surpasses forecasts for the US, Germany, the UK, and France, according to an […]
Saudi airline flynas’ IPO oversubscribed by nearly 350%
Saudi low-cost carrier flynas finalized its initial public offering share allocation at SR80 ($21) per share, the top of its indicated range, following robust demand from institutional and retail investors. […]
PIF-backed D360 bank eyes global investors for Series A round
Saudi Arabia’s Public Investment Fund-backed digital bank D360 is in early talks with potential global investors as it prepares for a Series A funding round planned for the second half […]
Mining, entertainment sectors eye 100bn in investments by 2030
Saudi Arabia is steadily progressing in its journey to attract $100 billion in foreign direct investments by the end of this decade, with the Kingdom heavily focusing on securing funds […]
Saudi Arabia and Qatar to provide financial support for Syrian state employees
Saudi Foreign Minister Prince Faisal bin Farhan Al Saud and Syrian Foreign Minister Asaad Hassan al-Shibani attend a press conference in Damascus, Syria May 31, 2025. (Reuters) Syria’s interim […]
UAE, China, India among top destinations for Saudi Arabia’s non-oil goods: GASTAT
The UAE emerged as the leading destination for Saudi Arabia’s non-oil exports during the first quarter of 2025, with shipments valued at SR21.32 billion ($5.68 billion), marking a 33.91 percent […]
