Saudi banks post 3.7% loan growth in Q3 amid rising credit demand: report
Saudi Arabia’s banking sector recorded a 3.7 percent sequential increase in loans and advances in the third quarter of 2024, driven by a 4.4 percent surge in corporate and wholesale […]
Nine major deals worth $9.3bn signed at Riyadh WIC
Nine transformative investment deals under Saudi Arabia’s Global Supply Chain Resilience Initiative (GSCRI), valued at over $9.3 billion, were unveiled on Tuesday at the 28th World Investment Conference (WIC) in […]
Saudi Arabia announces $340bn spending for FY2025
Saudi Arabia’s Ministry of Finance today (November 26) announced the state budget for FY 2025 with revenues projected at SAR1.18 trillion ($315.7 billion) and expenditure at SAR1.28 trillion ($340 billion). […]
King Salman inaugurates Riyadh Metro
The much-awaited Riyadh Metro, the backbone of Saudi capital’s public transport network, was inaugurated on Wednesday (November 27) by King Salman bin Abdulaziz Al Saud. King Salman viewed an introductory […]
Moody’s upgrades Saudi Arabia’s rating on economic diversification
Global credit ratings agency Moody’s upgraded Saudi Arabia’s rating to “Aa3” from “A1” on Friday, citing the country’s efforts to diversify beyond its oil economy. The world’s leading oil exporter […]
Riyadh Metro to kick off first phase on Nov 27, includes 3 lines
On November 27, Saudi Arabia will mark a significant milestone in its urban transformation with the launch of the first phase of the Riyadh Metro. The metro features six routes […]
Riyadh Metro: 5 ways it will boost transport in Saudi’s biggest city
On November 27, 2024, Riyadh will witness a significant milestone with the inauguration of the first phase of its metro system. This initial launch will see three of the six […]
Saudi Tourism Authority launches Ramlah Company for Tourist Trips and Resorts
Saudi Tourism Authority (STA) has inaugurated the Ramlah Company for Tourist Trips and Resorts to organize activities in Hail, one of the featured destinations of the Saudi Winter Season. The […]
Saudi Arabia forms new committee to spur private sector role in petrochemicals
Saudi Arabia has established its first-ever national committee for energy and petrochemicals under the Federation of Saudi Chambers, aimed at enhancing private sector participation in these key industries. With investments […]
Saudi Arabia’s non-oil exports surge 16.8% in Q3: GASTAT
Saudi Arabia’s non-oil exports reached SR79.48 billion ($21.17 billion) in the third quarter of 2024, a rise of 16.76 percent compared to the same period in 2023, according to official […]
