Omans Credit Balance Reaches $81.6bn In August
RIYADH: Oman’s total credit balance in the banking sector grew 3.3 percent in August, reaching 31.4 billion Omani rial... Read more
Saudi Restaurant And Cafe Sales Boost August POS Spending To $15.6bn
RIYADH: Saudi Arabia’s point-of-sale spending reached around SR58.51 billion ($15.6 billion) in August, marking a 9.67... Read more
Saudi Arabias PIF Launches New Property Developer To Transform Staff Housing Market
RIYADH: Saudi Arabia’s Public Investment Fund has established a new property developer focused on housing for staff in... Read more
Saudi Arabia, China Forge Tourism Partnerships To Boost Investment, Travel
JEDDAH: Officials from Saudi Arabia and China have begun discussions to enhance tourism ties, boost investment, and expa... Read more
RCU Showcases Environmental, Social, And Economic Milestones In 1st Annual Sustainability Report
RIYADH: The Royal Commission for AlUla has unveiled its first Annual Sustainability Report, marking a milestone in the c... Read more
Saudi Startup Ecosystem Accounts For 60% Of Regional Funding In September
CAIRO: Saudi Arabia’s startup ecosystem accounted for 60 percent of the Middle East and North Africa region’s fundin... Read more
Corporate Activities Drive Saudi Bank Loans To Highest Growth Rate In 18 Months
RIYADH: Saudi bank loans reached SR2.82 trillion ($753.27 billion) in August, representing an annual growth rate of 12.1... Read more
Arab Markets See Growth In Select Exchanges Amid Overall Regional Declines In September: AMF
RIYADH: A smattering of Arab markets saw positive growth in September, despite an overall decline for the region, accord... Read more
Oil Updates – Crude Steadies, But On Track For Biggest Weekly Loss In Over A Month
LONDON: Oil futures steadied on Friday after data showed a fall in crude and fuel inventories in the US and the emergenc... Read more
Saudi Startups See Rapid Growth Amid Digital And E-commerce Boom: LinkedIn
RIYADH: Saudi Arabia’s top 10 startups are showing rapid growth and strong innovation across key sectors, including di... Read more
Consumers In Saudi Arabia Dial Up Electronics Spending, Latest POS Data Reveals
RIYADH: Consumers in Saudi Arabia spent SR247.2 million ($65.8 million) on electronics from Sept. 15 to 21, reflecting ... Read more
Oil Updates – Crude Declines As Investors Weigh Whether New China Stimulus Will Boost Demand
BENGALURU: Oil prices fell more than 1 percent on Wednesday as investors reassessed whether China’s latest stimulus pl... Read more
OPEC Boosts Long-term Oil Demand Outlook, Driven By Developing World Growth
LONDON/RIO DE JANEIRO: OPEC has raised its forecasts for world oil demand for the medium and long term in an annual outl... Read more
Saudi Arabias Non-oil Exports Climb 19% In July: GASTAT
RIYADH: Saudi Arabia’s non-oil exports surged by 19.04 percent to reach SR25.38 billion ($6.76 billion) in July, compa... Read more
Bailout: Pakistan Thanks Saudi Arabia, UAE, China For Support Ahead Of IMF Meeting
ISLAMABAD: Prime Minister Shehbaz Sharif said on Wednesday Pakistan had met the “tough conditions” set by the Intern... Read more