Browsing: Economy

The Saudi government had forecast the deficit for 2023 with lower crude production and prices weighing on revenue

The UAE non-oil businesses reported only a slight rise in their staffing levels during January as strong demand and business optimism failed to translate into greater hiring

The CBJ estimates showed that the national economy is capable of achieving a growth rate of 2.6 per cent in 2023

The financial figures highlight robust year-on-year growth, reinforced by a multi-disciplinary approach that binds together world-leading expertise and integrated capabilities

The achievement comes on the back of a record-setting year in 2023, with Dubai Trade registering 32.6 million transactions

California’s oil output a century ago amounted to it being the fourth-largest crude producer in the U.S., and spawned hundreds of oil drillers, including some of the largest still in existence

This upbeat forecast underscores the Kingdom’s ongoing economic growth and prosperity, bolstered by its influential leadership on both regional and international stages

The envoy pointed out the importance of increasing tourism between both countries which in turn con-tributes to strengthening of people-to-people ties

Nakat affirmed that the World Bank would seek strong partnership with Kuwait to transform the country into an international hub for commerce

CAIRO: Saudi Arabia is establishing itself as a regional business hub, drawing startups from various sectors and enhancing its commercial stature.