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Residential rental deals in Saudi Arabia surge 137% in June
Residents in Saudi Arabia have been benefiting from the availability of more housing options as the number of residential rental deals surged 137 percent in June compared to the same month in 2022.
The rental index revealed that more…
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Saudi Arabia achieves strong growth across all sectors in Q1: ministry
Saudi Arabia achieved strong growth across all sectors despite global economic headwinds, with non-oil and oil business activities contributing significantly to the Kingdom’s real gross domestic product in the first quarter of 2023,…
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Prince Mohammed bin Salman holds talks with the Prime Minister of Japan in Jeddah
Saudi Crown Prince and Prime Minister Prince Mohammed bin Salman received, at the royal court at the Peace Palace in Jeddah, on Sunday evening, Japanese Prime Minister Fumio Kishida.…
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Oil Updates — crude slides more than 1% as Chinese GDP dents demand hopes
Oil dropped by more than 1 percent on Monday after weaker than expected Chinese economic growth fueled concern over demand in the world’s second-biggest oil consumer.
China’s gross domestic product grew 6.3 percent year on year in the…
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Robotics registrations in Saudi Arabia surge 52% to hit over 2k in Q2
Saudi Arabia is witnessing unprecedented growth in the robotics sector, with an increasing number of technology firms seeking registration to engage in commercial activities in the Kingdom.
According to the Minister of Commerce’s summary…
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Saudi Arabia sees soaring demand for halal products in a sign of wider global market growth for the…
The growth of halal medicines, cosmetics and even sportswear is fueling an economic boom that is reaching far beyond Saudi Arabia, and the wider Middle East.
Global product launches with halal claims jumped by 19 percent from 2018 to…
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ACWA Power signs deal with Chinese-Saudi consortium for desalination plant construction
A huge desalination plant on the Red Sea coast is a step closer to being built after a Chinese-Saudi consortium was awarded the construction contract for the SR2.54 billion ($677 million) project.
Saudi firm ACWA Power — the company…
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Saudi Arabia funds $20m electricity project in Rwanda
Saudi Arabia is providing a soft loan of $20 million to fund an electricity project in Rwanda that would help boost the country’s social and economic development, the Saudi Press Agency reported on Tuesday.
The agreement was signed…
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Saudi Arabia, Turkiye aim to strengthen economic, urban development cooperation
Saudi Arabia and Turkiye aim to further strengthen their cooperation in the fields of economy, urban development and city planning, as top ministers from both sides met in Ankara on Tuesday.
During the meeting, Saudi Minister of…
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Saudi Arabia signs the document of accession to the Treaty of Amity and Cooperation in Southeast…
Today, Wednesday, the Saudi Minister of Foreign Affairs, Prince Faisal bin Farhan bin Abdullah, signed the document of accession of the Kingdom of Saudi Arabia to the Treaty of Amity and Cooperation in Southeast Asia (TAC), at the…
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