The World Bank raises its growth forecast for the UAE economy to 3.9% and 4.1% in 2024 and 2025, respectively.
The World Bank said, in a recent report on the latest economic developments in the Middle East and North Africa ...
Tag: Economy of Saudi Arabia
Saudi Capital Market Authority: Unprecedented growth in managed assets to $232 billion in 2023
Abdullah bin Ghannam, Undersecretary of the Saudi Capital Market Authority for Finance and Investment, explained that the Authority attaches the ...
An investment exceeding 500 million riyals.. Saudi “SITE” acquires 10% of a company specializing in cybersecurity
The agreement allows the two partners to transfer advanced cybersecurity technologies, such as: Extended Detection and Response technology Firewalls Intrusion ...
Saudi Arabia aims to recycle 95% of waste, which will contribute to the gross domestic product by $32 billion
The Ministry stressed the Kingdom’s environmental system’s efforts to achieve sustainable development goals, through well-thought-out plans and strategies in all ...
Saudi Arabia: Tourism revenues jump 132 percent to $40 billion in the first half of 2023
Inbound tourism achieved historic numbers in the first half of 2023, recording a remarkable growth of 142 percent in the ...
New orders raise the growth of non-oil business activities in Saudi Arabia to a 4-month high
The Kingdom's seasonally adjusted Riyad Bank Purchasing Managers' Index (PMI) rose to 58.4 in October from 57.2 in September, well ...
Saudi Finance Minister: The non-oil economy will grow 6% in 2023 and 2024
Al-Jadaan explained, in statements he made at the “Future Investment Initiative” conference held in Riyadh, that Saudi Arabia is focusing ...
South Korea signs an oil storage agreement with Saudi Aramco
The agreement was announced in a press conference published on the South Korean National Oil Corporation blog as South Korean ...
With investments estimated at $500 million, Hyundai is building the first car factory in the region in Saudi Arabia
Yoon was speaking in Riyadh, where the Public Investment Fund and Hyundai signed the agreement. A joint statement stated that ...
Saudi Ports and SGP sign a contract worth one billion riyals to establish a logistics zone in Dammam
For his part, the Saudi Minister of Transport and Chairman of the Board of Directors of the General Ports Authority, ...
