Browsing: Economy

The number of Saudi workers in the private sector rose from 1.7mln in 2019 to over 2.3mln in 2024, while the unemployment rate decreased to 6.7% in the first quarter of 2024

The proliferation of supermarkets and specialty stores has provided consumers with a broader range of options and competitive pricing

Strong non-oil growth in Q2 has put Saudi Arabia on track to record an overall gross domestic product (GDP) growth of 1.2% in 2024, according to data by S&P Global Market Intelligence

ADDED aims to empower entrepreneurs to ensure they can benefit from the wide array of opportunities in Abu Dhabi’s economy

Saudi oil revenues came in at 212.99 billion riyals in the same quarter, up 18% compared with the same quarter a year earlier

Total revenue for the second quarter was down 12.4% compared to the prior year period

Starbucks’ revenue fell one percent in the April-June period as customer traffic weakened in the US and China.

US-based credit rating agency Fitch has warned of an imminent default in Ukraine, announcing in a statement on Wednesday that it had further downgraded Kiev’s credit rating. 

SEOUL — Saudi Vice Minister of Commerce and CEO of the National Competitiveness Center (NCC) Dr. Eman Al-Mutairi noted that the Kingdom allows 100% foreign ownership in most business sectors, a significant factor in attracting international investment.

SINGAPORE: Oil prices fell on Tuesday, extending losses from the previous session amid concerns about demand in China, the world’s largest crude importer, while the market shrugged off the risk of conflict escalating in the Middle East.