Author: Steven Sahiounie

RIYADH: The Saudi economy has demonstrated resilience, marked by sustained growth in non-oil sectors and a globally low annual inflation rate of 1.6 percent, as per an official report. This was highlighted during the latest meeting of the Council of Economic and Development Affairs, where discussions covered crucial reports and topics. Among these was the Ministry of Economy and Planning’s quarterly analysis of international and local economic performance in the first quarter of 2024. The analysis delved into global economic growth trends and their potential implications for the Kingdom. Meanwhile, the council, also known as CEDA, reviewed the Strategic Management…

RIYADH: Saudi Arabia’s pursuit of a sustainable manufacturing hub gains momentum as Alat partners with Lenovo Group to establish a facility and invest $2 billion through zero-coupon convertible bonds. 

RIYADH: Saudi banking sector’s loans increased to SR2.68 trillion ($715.56 billion) in April, marking an 11 percent increase compared to the same month in 2023, official data showed. 

RIYADH: Saudi Arabia’s Public Investment Fund has been named the world’s most valuable sovereign wealth with a brand value of $1.1 billion, according to an analysis. 

Children’s products sold by the Chinese-founded online shopping giant Shein contained toxic substances in amounts hundreds of times above acceptable levels, the government of South Korea’s capital Seoul said Tuesday.

Iraq’s oil ministry on Tuesday called for meeting “as soon as possible” with the Kurdistan region’s ministry of natural resources and international companies operating there to reach a deal on resuming oil exports via a pipeline to the Turkish port of Ceyhan.

Kuwait said Wednesday its refining capacity had reached a record 1.8 million barrels per day as it inaugurated one of the region’s biggest refineries which started operating at full capacity in recent months.

Doha – The visit of HH the Amir Sheikh Tamim bin Hamad Al-Thani to the Hellenic Republic is of a new dimension, in light of the steady development of relations between the State of Qatar and the Hellenic Republic

Both ministers explored avenues to deepen economic cooperation in trade, industry, and investment,while also addressing key regional and global issues

This decrease coincides with a significant downturn of 10.9% YoY in exports, valuing at a total of $3.57 billion