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Saudi Arabia Industrial Output Rises in February on Mining and Oil Growth

Saudi Arabia’s industrial output growth accelerated in February, reflecting strong performance in mining and manufacturing sectors. The Industrial Production Index reached 114.6, up from...
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Gulf Banks Face Q1 2026 Profit Challenges Amid Regional Conflicts

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Arab Economies Face Massive Losses Amid West Asia Conflict, Trade Disruptions, and Rising Unemployment

Arab economies’ losses are worsening as the ongoing conflict in West Asia continues to affect trade, jobs, and growth. According to UN analysts, these...
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Riyadh Evacuation Alert: KAFD Cleared Amid Potential Iranian Missile and Drone Threats

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Saudi Arabia Industrial Output Rises in February on Mining and Oil Growth

Saudi Arabia’s industrial output growth accelerated in February, reflecting strong performance in mining and manufacturing sectors. The Industrial Production Index reached 114.6, up from...

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Saudi Arabia Industrial Output Rises in February on Mining and Oil Growth

Saudi Arabia’s industrial output growth accelerated in February, reflecting strong performance in mining and manufacturing sectors. The Industrial Production Index reached 114.6, up from...

Gulf Banks Face Q1 2026 Profit Challenges Amid Regional Conflicts

Gulf banks earnings are facing challenges in the first quarter of 2026 due to regional conflicts and shrinking lending margins. Analysts expect year-on-year declines...

Arab Economies Face Massive Losses Amid West Asia Conflict, Trade Disruptions, and Rising Unemployment

Arab economies’ losses are worsening as the ongoing conflict in West Asia continues to affect trade, jobs, and growth. According to UN analysts, these...

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Saudi Islamic finance drives strong global growth

Saudi Arabia continues to lead in global Islamic finance. The Saudi Islamic finance market is growing fast, backed by Vision 2030. Strong sukuk activity...

Saudi Arabia Tourist VAT Refund Begins

Saudi Arabia now allows tourists to claim back the 15% Value Added Tax (VAT) they pay during their visit. The Saudi Arabia VAT refund system, launched...

Saudi Arabia IP Reforms Boost Global Innovation Ranking

Saudi Arabia IP reforms continue to strengthen the Kingdom’s position in the global innovation landscape. The country recently moved up in the Global Intellectual...

Saudi Arabia Leads GCC Fixed Income Market in Q1 with Strong Debt Issuance

Saudi Arabia bonds dominated the GCC fixed income market in the first quarter. The Kingdom raised $31.01 billion from 41 bond and sukuk deals,...

Quiqup Expands Logistics Network to Saudi Arabia

Quiqup expands logistics network again, and this time Saudi Arabia takes center stage. The UAE-based logistics company launched its core services in the Kingdom....

Saudi E-commerce Sales Jump 45% in January, Surpassing $5.5bn

In January 2025, Saudi Arabia e-commerce growth hit a record 45%, surpassing $5.5 billion in total sales. This rise highlights the country’s rapid move...

Comoros Secures Energy Future with Murabaha Financing Boost

Comoros has taken a major step toward energy stability with a new financial agreement supported by Saudi Arabia. The International Islamic Trade Finance Corporation...

Saudi Arabia Boosts Private Jobs in Strong Growth Quarter

Saudi Arabia’s non-oil private sector saw significant growth between January and March 2025. As demand increased and business activity expanded, companies created jobs at...

Saudi Arabia’s Al Rajhi Bank Contributes 5.90 Million Riyals for Charity

Al Rajhi Bank has contributed a substantial 5.90 million riyals to this year's National Campaign for Charity Work. This was carried out as part...

Saudi Arabia Approves Over SR3bn Ramadan Aid to Beneficiaries

Saudi Arabia has approved a major initiative to support social security beneficiaries during Ramadan. The leadership of King Salman and Crown Prince Mohammed bin...

Saudi Real Estate Sector Booms Due to Population Growth, Tourism, and Reforms

Saudi Arabia’s real estate market is experiencing significant growth, driven by factors such as a rising population, increasing tourism, and favorable government reforms. These...

Saudi Arabia Confirms Four-Day Eid Al Fitr Holiday for Private Sector Employees

Saudi Arabia has officially announced a four-day break for private and non-profit sector employees in celebration of Eid Al Fitr. This decision allows workers...
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