Tag: Saudi Arabia’s

Saudi Arabia’s holdings in US treasuries at $135.6bn in November

Kingdom’s holdings in US treasuries increased by 5.85 percent in November compared to the same month in 2023 Saudi Arabia is only GCC country to...

Saudi Arabia’s economy to expand by 3.7% in 2025: Mastercard Economics Institute

Kingdom’s robust growth in the non-oil sector signifies the nation’s steadily progressing economic diversification journey Tourism sector is expected to remain a bright spot for...

Saudi Arabia’s inflation holds steady at 2% in November: GASTAT 

On a monthly basis, the consumer price index rose slightly by 0.3 percent from October GASTAT revealed a 1.4 percent year-on-year increase in Saudi Arabia’s...

Saudi Arabia’s fintech demand offers growth prospects for UK firms: London Lord Mayor

RIYADH: UK-based fintech firms have an opportunity to address rising demand for fintech services in Saudi Arabia, according to the Lord Mayor of London.  Speaking...

Saudi Arabia’s non-oil economy to grow 4.4% in 2025: PwC

Kingdom’s non-oil economy expanded by 3.8% in first half of 2024 Saudi Arabia is aligning its economic diversification efforts with sustainability goals RIYADH: Saudi Arabia’s non-oil...

Saudi Arabia’s demand for apartments pushes new mortgages over $16bn

RIYADH: Banks in Saudi Arabia granted SR60.92 billion ($16.24 billion) in residential mortgages in the first nine months of 2024, an annual rise of 4.88...

Saudi Arabia’s official reserves reach $457bn, up 4%

RIYADH: Saudi Arabia’s official reserve assets reached SR1.71 trillion ($456.97 billion) in September, marking a 4 percent increase year-on-year, according to new data. Figures released by...

Biban 24 concludes with $9bn in deals, boosting Saudi Arabia’s SME sector

Biban 24 marked a landmark achievement for Saudi Arabia’s entrepreneurial framework Several financing agreements were signed with local banks, amounting to over SR15 billion RIYADH: Agreements...

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Dubai unveils new $410m economic support package for businesses 

Dubai approved a new 1.5 billion dirham ($410 million)...