IMF projects 3% growth for Saudi economy in 2025
Saudi Arabia’s real gross domestic product is expected to grow by 3 percent in 2025, with further acceleration to 3.7 percent in 2026, according to the latest World Economic Outlook […]
Saudi crown prince meets with Indian PM Modi in Jeddah
Saudi Crown Prince Mohammed bin Salman received Indian Prime Minister Narendra Modi at Al-Salam Palace in Jeddah on Tuesday evening. An official reception ceremony was held for Modi and the […]
Saudi Arabia, Indonesia sign key agreements to boost trade and mining cooperation
Saudi Arabia and Indonesia have signed a series of memoranda of understanding aimed at enhancing bilateral trade and expanding cooperation in the mining sector. As part of an official visit […]
Saudi defense minister arrives in Tehran for an official visit
Saudi Minister of Defense, Prince Khalid bin Salman, arrived on Thursday in the Iranian capital, Tehran, on an official visit, the Saudi Press Agency reported. During the visit, Prince Khalid […]
Saudi banks extend $2.4bn in home loans in Feb.; demand broadens across nationals and expats
Saudi Arabia’s banks issued SR8.91 billion ($2.37 billion) in new residential mortgages to individuals in February — a 28.33 percent annual increase, according to official data. Figures from the Saudi […]
Saudi Arabia launches $266m program to promote eco-friendly projects
Saudi Arabia has unveiled a new environmental financing initiative worth SR1 billion ($266.6 million), supported by Riyad Bank, to encourage private sector participation in sustainable and eco-friendly projects. Abdulrahman Al-Fadhli, […]
Saudi Arabia’s inflation holds steady at 2% in February: GASTAT
Saudi Arabia’s inflation held firm at 2 percent year on year in February, driven largely by rising housing costs, official data showed. According to the General Authority for Statistics, the […]
Saudi Arabia’s top body reviews economic performance, global outlook
Saudi Arabia’s Council of Economic and Development Affairs hosted a virtual meeting to discuss financial performance and global developments, focusing on improving public sector contributions. Operating under the Council of […]
Global trade hits record $33tn in 2024, growing by 3.7%: UNCTAD
Global trade reached a record high of $33 trillion in 2024, marking a 3.7 percent increase from the previous year, driven by an uptick in the services sector. According to […]
Saudi Arabia, Ukraine issue joint statement as talks kick off in Jeddah
Saudi Arabia and Ukraine issued a joint statement Tuesday following the visit of Ukraine President Volodymyr Zelensky to the Kingdom, the Saudi Press Agency reported. Saudi Arabia expressed hope that […]
