Input your search keywords and press Enter.
The activity of the non-oil private sector in Saudi Arabia accelerated during the month of February to the highest level in 8 years, in light of the increase in demand associated with the improvement of economic conditions. Purchasing managers’ index data released on Sunday, by “S&P Global” in cooperation…
Moody’s, the credit rating agency, has revised its forecasts for economic growth in Saudi Arabia for the years 2023 and 2024. Moody’s said that raising its forecast for growth in the Kingdom reflects expectations that non-oil private sector activity will remain strong. Moody’s added that it expects the GDP growth…
Saudi Arabia signed on Tuesday a deposit agreement with the Central Bank of Yemen in the amount of one billion dollars, in implementation of the directives of the Custodian of the Two Holy Mosques King Salman bin Abdul-Aziz Al Saud and the Saudi Crown Prince Muhammad bin Salman. The…
Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah said that the Kingdom’s economy was the fastest growing in the world in 2022. Bin Farhan said, on the sidelines of the Munich Security Conference 2023 in the Federal Republic of Germany, that for the first time, the Kingdom’s gross…
The Saudi Kingdom participates in the celebration of World Cities Day, which falls on October 31 of each year. This day aims to enhance the interest of the international community in implementing the upcoming urban agenda at the global level. It also seeks to raise awareness of how digital innovations…
Saudi Arabia started on Monday the second phase of localization of more catering and supermarket professions. This step will be implemented following a one-year grace period. The second phase entails restricting Saudis from working in retail stores by 100% in the position of “section supervisor” and 50% in the positions…
Saudi Finance Minister Mohammed Al-Jadaan stressed the need to raise the pace of coordination among the Gulf Cooperation Council (GCC) countries to reach economic unity by 2025. This came during a virtual meeting of the Gulf Ministers of Finance and Economy, which reviewed the progress made in issues related to…
Saudi Finance Minister Muhammad Al-Jadaan said that the Kingdom has used SAR 1 trillion from reserves. He added during an interview with the Al-Arabiya channel that the Kingdom’s government does not want to increase the responsibilities of individuals and the business sector through the 2022 budget. In a preliminary statement…
Mohammed Al-Tuwaijri, Vice Chairman of the Board of Directors of the Saudi National Development Fund, said that the fund is not for profit but aims to directly achieve sustainability, and its goals are all developmental. Al-Tuwaijri statements came during the Budget Forum 2022 on Monday, during the first session entitled…
Dr Fahd bin Abdullah Al-Mubarak, Governor of the Saudi Central Bank SAMA, stated that the Saudi economy had undergone numerous reforms. Those have contributed to changing the economy’s structure, diversifying it, and maximising the Kingdom’s comparative advantages, whether in terms of natural resources, geographical location, human capabilities, infrastructure, and technology.…
LEADERS MENA MAY 2023