Saudi Arabia's point-of-sale transactions recorded an 11.9 percent growth in the last week of September to total SR13.3 billion, or US$3.4 billion. The food and beverage sector topped the list…

Trade between China and the Arab League has been growing with the past two decades since a deepened economic cooperation was ushered in after the China-Arab States Cooperation Forum was…

Saudi non-oil exports grew significantly in July, increasing 19.04% to SAR 25.38 billion, or $6.76 billion, the General Authority for Statistics said in data compiled today.  Chemical and allied industries…

Cement sales rebounded in a fairly mild fashion during Q2 2024 for Saudi Cement, as cement sales rose to 1.8% in the same quarter of the previous year, whereas it…

Regional and international collaboration is crucial for tackling environmental issues, particularly in rehabilitating degraded lands, according to Mansour Al-Mushaiti, Saudi Arabia’s Vice Minister of Environment, Water, and Agriculture. Al-Mushaiti made…

Saudi banks granted SR7.07 billion ($1.9 billion) in new residential mortgage loans in July, reflecting a 33% increase from June, according to data from the Saudi Central Bank (SAMA). The…

Saudi banks' real estate loans reached SR816.83 billion ($217.82 billion) in the second quarter of 2024, marking a 12% year-on-year increase, according to data from the Saudi Central Bank (SAMA).…

Saudi Arabia's point-of-sale (POS) transactions experienced a significant 20.4% increase between August 25 and 31, driven primarily by a surge in the telecommunications sector. According to the Saudi Central Bank…

Saudi Arabia has introduced a new factory development consultant licensing service, a strategic move aimed at bolstering the country's industrial sector. The initiative, unveiled by the Ministry of Industry and…

Saudi Aramco and Sumitomo Chemical Co. have agreed to waive $1 billion in debt owed by Petro Rabigh, marking a significant step in the refinery’s upgrade and turnaround strategy. According…