Tag: Saudi Arabia

Saudi corporate lending fuels bank loans growth to near-2 year high of 12.46%

RIYADH: Saudi Arabia’s bank loans reached SR2.88 trillion ($768.93 billion) in October, a 12.46 percent annual growth and the highest in 20 months, official...

Saudi Arabia’s Diriyah Co. set to attract new wave of investors with $500m ticket sizes

RIYADH: Saudi Arabia’s Diriyah Co. is attracting a new wave of global investors with potential ticket sizes of $500 million or more, according to the...

Saudi Arabia reveals 33.8% annual spending boost on Vision 2030 projects

RIYADH: Spending on Vision 2030 programs by Saudi Arabia has increased by an annual rate of 33.8 percent since the launch of the Kingdom’s...

Saudi Arabia boosts R&D spending to $6bn in 2023 amid Vision 2030 push 

Saudi Arabia ramped up its research and development spending to SR22.61 billion ($6.02 billion) in 2023, marking a 17.4 percent increase from the previous...

Saudi Arabia approves FY2025 budget, forecasts $27bn deficit amid expansionary spending

RIYADH: Saudi Arabia on Tuesday approved the state budget for fiscal year 2025 with revenues projected at SR1.18 trillion ($315.73 billion) and expenditure at...

Saudi Arabia’s non-oil exports surge 16.8% in Q3: GASTAT 

RIYADH: 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...

Saudi Arabia raises $910m in November sukuk offering 

RIYADH: Saudi Arabia’s National Debt Management Center has completed its riyal-denominated sukuk issuance for November, raising SR3.41 billion ($910 million), a 28.19 percent year-on-year...

Saudi Arabia’s endowment investment funds set record with over $267m in net assets

Net assets of licensed endowment investment funds in Saudi Arabia reached a record SR1 billion ($266.67 million) in 2024, marking a 29.3 percent increase...

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UAE shares end higher as outcome of US-China trade talks awaited

LONDON: Stock markets in the UAE ended higher on Monday,...