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 […]
Saudi Arabia leads Arab nations in condemning Israel’s Gaza electricity cut
Saudi Arabia led other Arab nations Qatar and Jordan in condemning Israel’s decision to cut electricity supply to the war-battered Gaza Strip, calling in separate statements for the international community […]
Tadawul approves Morgan Stanley Saudi Arabia as market maker for 8 listed securities
Tadawul has approved Morgan Stanley Saudi Arabia to serve as a market maker for eight securities on the main trading platform and the parallel index, Nomu. The decision allows the […]
PIF launches Saudi Arabia’s first duty-free company to boost travel retail market
Saudi Arabia’s Public Investment Fund has launched Al Waha Duty Free Operating Co. as part of its strategy to capture a larger share of the Kingdom’s travel retail market, contributing […]
Saudi Aramco posts $106.2bn profit for 2024
Saudi energy giant Aramco reported a net profit of SR398.42 billion ($106.2 billion) in 2024, despite challenging market conditions, including lower prices for crude oil, refined products, and chemicals. In […]
Saudi Arabia’s non-oil sector maintains strong growth, latest PMI report shows
Saudi Arabia’s non-oil private sector continued its strong growth in February, driven by strong customer demand, increased hiring, and a positive economic outlook. According to the latest Riyad Bank Purchasing […]
Saudi, Lebanese leaders reaffirm commitment to Taif Agreement and Lebanon’s sovereignty
Leaders of Saudi Arabia and Lebanon emphasized the importance of enhancing Arab cooperation and coordinating positions on regional and international issues, Saudi state news agency SPA reported on Teusday. Both […]
Saudi defense minister meets senior US officials in Washington
Saudi Defense Minister Prince Khalid bin Salman met with US Secretary of State Marco Rubio at the State Department on Tuesday. The pair reviewed Saudi-US relations and the shared vision […]
New Riyadh Metro station opens to the public
A new station on the Riyadh Metro opens to the public at 6 a.m. on Wednesday morning. The Royal Commission for Riyadh City said Qasr Al-Hokm is one of four […]
