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Saudi Arabia on road to becoming data-driven economy
Saudi Arabia’s journey in turning raw information into valuable insights is evolving, as the General Authority for Statistics continues to carry out surveys and censuses.
At the Future Real Estate Forum in Riyadh, Fahad Al-Dossari,…
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Saudi insurance sector grows 22% with health as primary driver
Saudi insurance firms saw a 22 percent increase in gross written premiums, totaling SR48.96 billion ($13.05 billion) for the nine months ending in September 2023, surpassing the previous year’s corresponding period.
The latest data from…
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Dubai’s economy records 3.3% growth in first 9 months of 2023
Dubai’s economy recorded a 3.3 percent growth in the first nine months of 2023, as stated by the emirate’s Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al-Maktoum.
The figures indicate steady progress toward the goal of the Dubai…
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Saudi, Moroccan private sectors agree to increase cooperation in various sectors
Representatives of the Saudi and Moroccan private sectors on Sunday agreed on a joint strategy to boost cooperation and integration between the Kingdom and Morocco, the Saudi Press Agency reported.
A business delegation, comprising…
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Kuwait’s annual CPI rises 3.37% in December 2023
Kuwait’s annual consumer price index registered a 3.37 increase in December 2023, compared to the same period the previous year, driven by high prices in several major sectors.
The country’s monthly CPI also saw a rise of 0.3 percent in…
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Jabal Omar obtains license for 2nd tower of Jumeirah hotel in Makkah
Makkah-bound worshippers can expect improved accommodations as Jabal Omar Development Co. has obtained a license for the second tower of its five-star hotel.
In a stock market filing, the Saudi developer announced that it has received…
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NDMC’s $9.6 billion move set to bolster Saudi Arabia’s resilience
Saudi Arabia’s National Debt Management Center has unveiled its Annual Borrowing Plan Report for 2024, outlining the Kingdom’s strategies for financing in the coming year.
The NDMC’s commitment to effective debt management is highlighted…
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Saudi Arabia’s money supply grows 7% in November; bank lending hits $690bn
Saudi Arabia’s money supply saw an annual increase of 7.44 percent in November 2023 as it reached SR2.67 trillion ($712 billion), according to the Kingdom’s central bank.
Bank loans surged to SR2.59 trillion, marking a 10.14 percent…
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Saudi ministry, KAUST sign strategic partnership to accelerate environmental sustainability
The Saudi Ministry of Environment, Water and Agriculture and the King Abdullah University of Science and Technology on Saturday signed a strategic partnership agreement to accelerate innovation and sustainability in environmental and…
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Saudi gaming sector set to gain 150 esports centers
Saudi Arabia’s gaming industry is poised for a major uplift with UAE-based esports network True Gamers planning to establish 150 centers in the Kingdom.
Established in 2019, the company aims to make video gaming more accessible by…
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