Saudi Arabia’s annual inflation rate rises to 1.5%: GASTAT
Saudi Arabia’s annual inflation rate reached 1.5 percent in June compared to the same month last year, driven primarily by rising housing costs, according to the latest data. The report from the General Authority for Statistics highlighted that the 8.4 percent increase in the prices of housing, water, and electricity, as well as gas, and other […]
UK Prime Minister praises Saudi Crown Prince for leadership in Middle East stability
Saudi Crown Prince and Prime Minister Mohammed bin Salman and the UK’s new Prime Minister Keir Starmer spoke by telephone on Monday. During the conversation, the Crown Prince congratulated Prime Minister Starmer on his recent appointment. Starmer thanked the Crown Prince for his congratulations and reported on his first days in government. Moreover, the Crown […]
Saudi Arabia leads GCC IPO market with $2.1bn raised in first half of 2024: Markaz
Saudi Arabia led the Gulf Cooperation Council’s initial public offering market in the first half of 2024, raising $2.1 billion in what was an annual increase of 141 percent, an analysis has revealed. In its latest report, Kuwait Financial Center, also known as Markaz, noted that the Kingdom saw 19 offerings in the six months to the end of […]
Saudi ambassador to Egypt presents credentials to President El-Sisi
Saleh Al-Husseini, Saudi Ambassador to Egypt, presented his credentials to President Abdel Fattah El-Sisi in Cairo on Sunday. During the ceremony, Ambassador Al-Husseini conveyed greetings from Custodian of the Two Holy Mosques King Salman and Crown Prince and Prime Minister Mohammed bin Salman to President El-Sisi. He also extended their wishes of continued progress and […]