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Stocks and Markets
Saudi Arabia’s Industrial Production Index rose 1.6 percent in July, compared to the same month last year, driven by a surge in manufacturing activity
Saudi Arabia’s inflation is projected to drop to 1.7 percent in 2024, revised down from 2 percent, driven by robust non-oil sector growth and lower prices in key sectors
President Masoud Pezeshkian said in a video published on Tuesday that fuel subsidies made no sense in Iran, a major oil producer with a struggling economy that has faced protests in the past over price hikes.
Saudi Arabia’s international trade surpassed $130.84bln, with merchandise exports totaling $78.53bln, comprising 60% of the overall trade.
Oil prices paused recent advances to trade in a range on Tuesday, after a surge of more than 7 percent in the previous three sessions
RIYADH: Egypt’s economy is showing signs of recovery, as the government’s recent efforts to restore macroeconomic stability have started to yield positive results, the International Monetary Fund said.
Issuance demonstrates company’s ability to diversify funding sources to support its long-term strategic growth plans and objectives
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