Prime Highlights: Saudi Arabia’s total government revenues in 2024 reached SR1.26 trillion ($336 billion), marking a 4% year-on-year increase, exceeding budget estimates by 7%. Non-oil revenues contributed significantly, accounting for…
Prime Highlights: Saudi Arabia’s Industrial Production Index (IPI) saw a 2.1% annual increase in December 2024, driven by manufacturing and waste management sectors. The manufacturing sector recorded a 6.3% year-on-year…
Prime Highlights: Rasm, a Saudi property management firm, is exploring potential global partnerships to strengthen its market presence and drive growth in the Kingdom’s real estate sector. CEO Artin Malatjalian…
Prime Highlights: Umm Al Qura for Development and Construction is launching an IPO to raise funds for its SR100 billion ($26.6 billion) Masar project in Makkah. The project will include…
Prime Highlights: Saudi Arabia’s stock market (TASI) rose by 3.39% in December 2024, closing at 12,037 points with an average daily trading value of SR5.2 billion ($1.3 billion). Dubai Financial…
Prime Highlights: Saudi Arabia's insurance sector saw a 16.9% year-on-year revenue increase in Q3 2024, driven by growth in motor, property, and medical coverage. Medical insurance revenues rose by 13.6%,…
Prime Highlights: Foreigners can now invest in Saudi-listed companies owning real estate in Makkah and Madinah, opening new avenues for investment in the Kingdom's capital market. Foreign investors can acquire…
Prime Highlights: Saudi Arabia’s non-oil exports surged 19.7% year-on-year in November, totaling SR26.92 billion ($7.18 billion), reflecting progress in economic diversification. Chemical products led export growth, making up 24% of…
Prime Highlights: Saudi Arabia's education sector saw a 91.5% increase in spending, reaching SR220.76 million ($58.8 million) between January 12-18, 2025, driven by students returning to school after the midyear…
Prime Highlights: Saudi Arabia's reserves at the central bank, SAMA, reached SR1.69 trillion ($450.31 billion) in November 2024, marking a 2.8% year-on-year increase. Foreign assets, including currency deposits and foreign…
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