Browsing: Economy

The surge has been attributed to capital pouring into Bitcoin and Ethereum from institutional investors

Banque Saudi Fransi completed the issuance of additional tier-one sukuk, raising SR3 billion ($810 million) under its SR8 billion capital program. 

Total exports amounted to around 30.2 billion riyals in July and imports reached an estimated 10.1 billion riyals

Deal was obtained from a diverse global syndicate of 23 financial institutions spanning Europe, the US, the Middle East and Asia

Saudi Arabia’s point-of-sale transactions dipped to SR11.6 billion ($3.09 billion) between Aug. 18 and 24, reflecting a 14.1 percent decrease from the previous week, official data showed.

Saudi Arabia’s private sector is considered to play an important role in the development of the northern province of Hail

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.

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.