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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 Arabia Opens Airspace to Over 1,300 Daily Flights During Regional Crisis

Saudi Arabia opens airspace to over 1,300 daily flights during regional crisis, responding quickly to the sharp rise in transit traffic. As tensions escalated...

Kiswa of the Kaaba Replaced in Saudi Arabia to Begin Islamic Year 1447

Saudi Arabia began the Islamic year 1447 AH with the ceremonial replacement of the Kiswa of the Kaaba in Makkah. Meanwhile, the General Presidency...

Saudi Arabia’s Non-Oil Exports Surge by 24.6% Despite Trade Surplus Decline

Saudi Arabia’s non-oil exports surge by 24.6%, showing solid progress in its economic diversification efforts. However, the Kingdom’s overall trade surplus dropped sharply during...

Gulf Airspace Reopened After Iran Strike Disrupts Regional Flights

Gulf airspace reopened after a sudden closure caused by Iran’s missile strike on a US military base in Doha. The strike led to a...

New Oil Discovery in Saudi Arabia and Kuwait Boosts Global Energy Supply

New oil discovery in Saudi Arabia and Kuwait has sparked global attention. Both countries jointly revealed a significant find in the Partitioned Zone. According...

Gulf Banks 2025 Rankings Spotlight Top Gulf Financial Institutions

The Gulf Banks 2025 rankings project is rapidly gaining attention throughout the Gulf Cooperation Council (GCC) region. This ambitious initiative evaluates over 60 banks...

POS Spending Surges in Saudi Arabia Before Eid

POS spending in Saudi Arabia rose sharply before Eid, climbing 33% to SR15.5 billion. This surge in transactions reflects a strong rise in consumer...

Saudi Insurance Market Mergers to Accelerate Amid Regulatory Push

Saudi insurance market mergers to accelerate as new regulations tighten capital requirements and intensify competition. Fitch Ratings expects faster consolidation across the sector. The Saudi...

Saudi Arabia Retail Growth Pushes Riyadh Mall Rents Higher

Saudi Arabia retail growth continues to accelerate, especially in Riyadh. Rising demand pushes mall rents up by 4 percent in just one year. Riyadh holds...

Non-oil exports in Saudi Arabia jump 13.4%

Nonoil exports in Saudi Arabia rose sharply in the first quarter of the year. The General Authority for Statistics (GASTAT) revealed a 13.4% increase...

Saudi Arabia Expat Remittances Surge with Digital Transfer Growth

Saudi Arabia expat remittances jumped to $4.13 billion, reaching their highest level in nearly nine years. This rise shows strong financial activity by foreign...

Saudi POS Transactions Stay Above $3 Billion

Saudi POS transactions stayed strong, holding above $3 billion for a second week. Despite a drop in weekly totals, spending remained high, according to...
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