Browsing: Saudi Arabia

RIYADH: Saudi Arabia has solidified its status as a leading force in the global construction industry, demonstrating remarkable performance in the second quarter of 2024.

RIYADH: Saudi Arabia’s seasonally adjusted real gross domestic product grew by 1.4 percent in the second quarter of 2024, compared to the previous three months, driven by non-oil activities, official data showed.  

Saudi Arabia recorded a budget deficit of SR15.34 billion ($4.09 billion) in the second quarter of 2024, bringing the year’s first-half shortage to 35 percent

RIYADH: Petrochemical giant Saudi Basic Industries Corp. saw an 84 percent year-on-year surge in net profit to SR2.18 billion ($564 million) in the second quarter of 2024, driven by higher margins and new zakat regulations. 

Chief of the King Salman Humanitarian Aid and Relief Center Abdullah bin Abdulaziz Al-Rabeeah met Palestinian Minister of State for…

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

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

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.

LONDON: The London Metal Exchange has approved the Red Sea port city of Jeddah in Saudi Arabia as a warehouse delivery point for copper and zinc, it said on Monday.

Kingdom working to secure access to lithium and other minerals for battery and electric vehicle manufacturing