IMF cuts Saudi growth outlook to 3.1% in 2026 on regional conflict spillovers
Saudi Arabia’s economic growth is expected to slow in 2026 before rebounding in 2027, as regional conflict disrupts…
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Saudi Arabia’s economy
Fitch affirms Saudi Arabia’s ‘A+’ credit rating with stable outlook
Fitch Ratings has affirmed on Friday Saudi Arabia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘A+’…
S. Arabia’s real GDP up by 2.8% YoY in Q3 ’24
Saudi Arabia's real GDP increased by 2.8 per cent year-on-year (YoY) and 0.9 per cent quarter-on-quarter (QoQ) in…
IMF further cuts forecasts for S. Arabia’s economy this year
The International Monetary Fund (IMF) lowered on Tuesday its growth outlook for Saudi Arabia to 1.5 per cent in…
S. Arabia’s non-oil exports rise by 8.2% in May
Saudi Arabia's non-oil exports, including re-exports, experienced an 8.2 per cent rise compared to the same month…
S. Arabia 2nd in ’24 VC rankings
Saudi Arabia achieved the second position in emerging-market venture capital for the first half of 2024, closely…
Saudi non-oil activity grows at slowest pace since ’22 – PMI
The non-oil business activity in Saudi Arabia expanded at its weakest pace in 2 1/2 years in June, a recent survey…
S. Arabia’s FDI surges by 5.6% in Q1 ’24
Saudi Arabia experienced a significant boost in foreign direct investments (FDI) in the first quarter of 2024, with…
S. Arabia’s inflation edges up to 1.6% in April – GASTAT
Saudi Arabia's inflation rate rose to 1.6 per cent in April 2024, driven by higher prices for housing, utilities,…
OECD cuts Saudi Arabia’s growth forecast in ’24, ’25
Saudi Arabia’s economy will contract by 0.2 per cent in 2024, said the Organisation for Economic Co-operation and…
Saudi Arabia records SAR13b FDI in Q4 -’23
Saudi Arabia saw a net inflow of foreign direct investment (FDI) totalling more than SAR 13 billion during the…
S. Arabia’s economy shrinks in Q4 ’23
Saudi Arabia’s economy shrank in the fourth quarter after it continued to reduce oil output in an effort to raise…
S. Arabia’s inflation drops to 1.5% in December
Consumer Price Index (CPI) showed that the country’s annual inflation rate slightly declined by 1.5 per cent.
Saudi Arabia’s GDP grows by 8.7% in 2022
Saudi Arabia's real gross domestic product (GDP) rose by 8.7 percent in 2022 and 5.5 percent in the fourth quarter…
Saudi Arabia reportedly revises its ambitious plans to change its economy
Saudi Arabia is revising its major reform strategy just over a year after its launch, extending the timeline of…
IMF calls on Saudi Arabia to depend less on oil
As dropping oil prices and high public spending erode Saudi Arabia's reserves, the International Monetary Fund on…
Saudi Banks Register High Growth Despite Euro Zone Crisis
The Saudi Arabian banking industry registered an impressive growth despite the euro zone crisis and it is estimated…
Saudi Central Bank Left Interest Rates Unchanged
Saudi Arabia's central bank has decided to keep its key interest rates unchanged in June, as it still sees…