Saudi Arabia stocks were lower after the close on Wednesday, as losses in the Telecoms & IT, Hotels & Tourism and Real Estate Development sectors led shares lower. At the close in Saudi Arabia, the …
Saudi Arabia stocks lower at close of trade; Tadawul All Share down 1.30%
Saudi Arabia stocks were lower after the close on Wednesday, as losses in the Telecoms & IT, Hotels & Tourism and Real Estate Development sectors led shares lower. At the close in Saudi Arabia, the …
Saudi Arabia Needs Pricier Oil to Balance Its Budget, IMF Says
The International Monetary Fund expects Saudi Arabia won’t balance its budget if oil is below $80 a barrel, a revision that means the kingdom will move back into fiscal deficit after its first surplus …
Saudi Arabia opens new Salmani-style mall in Riyadh
The new hub will feature a five-star hotel, 22 luxury stores, 15 F&B outlets, seven cinemas, and an international food market. Saudi Arabia opens new Salmani-style mall in Riyadh. General …
Saudi economy edging closer to reducing dependence on oil –IMF official
Government-led reforms and the growth of private investment in new sectors will help support non-oil economic growth in Saudi Arabia amid an expected sharp slowdown in overall growth this year, a …
The Country Where Bankers’ Pay Is Booming: Saudi Arabia
Even as the global financial community contends with layoffs and lower bonuses, banking jobs remain plentiful and salaries are surging in one unexpected corner of the world: Saudi Arabia.Most Read …
Hajj pilgrims can take $1200 with them: Bangladesh Bank
A hajj pilgrim can carry $1200 or equivalent amount in foreign currency for their entire trip to Saudi Arabia, the Bank has …
Saudi Arabia’s construction contracts rose 35% to over $51bln in 2022
The total value of contract awards in Saudi Arabia in 2022 reached about 192.4 billion Saudi riyals ($51.3 billion), a 35 percent surge year-on-year (YoY), the US-Saudi Business Council (USSBC) said …
World’s Top Steelmaker Signs Deal for Saudi Arabian Steel Plant
China’s Baoshan Iron & Steel Co. has joined forces with Saudi Aramco and the kingdom’s sovereign wealth fund to set up a steel plant in the Middle Eastern nation as the two countries deepen commercial …
UN Chief Hosts Meeting on Afghanistan Crisis
Envoys from nearly two dozen countries, including United States, China, Russia, Saudi Arabia, Pakistan, Iran, India, Qatar and Britain, are participating in discussions …