GASTAT: Inflation Rate in the Kingdom Reaches 2.0% in November
According to the General Authority for Statistics (GASTAT), the annual inflation rate in the Kingdom of Saudi Arabia reached 2.0% in November 2024. The Kingdom has the lowest inflation rates among the G20 countries. The Consumer Price Index (CPI) reflects changes in prices paid by consumers for a fixed basket of goods and services consisting […]
GCC and Japan Conclude First Round of Free Trade Agreement Negotiations
The first round of negotiations on a free trade agreement between the Gulf Cooperation Council (GCC) and Japan concluded in Riyadh on December 12. Representing the Kingdom at the negotiations was the General Authority of Foreign Trade (GAFT). Discussions covered a range of topics, including goods, services, rules of origin, customs procedures, general provisions, digital […]
Finance Ministry Concludes Participation in International Public Sector Accounting Standards Board Meetings
The Ministry of Finance concluded its participation in the meetings of the International Public Sector Accounting Standards Board (IPSASB), hosted by the Kingdom December 10-13, 2024, in Riyadh. According to a press release issued by the Finance Ministry today, the meeting participants discussed the strategic directions for 2024-2028 and reviewed the progress in the adoption […]
Foreign Ministry Expresses Saudi Arabia’s Condemnation and Denunciation of Israeli Occupation Forces Bombing of Al-Nuseirat Camp in Central Gaza
The Ministry of Foreign Affairs expresses the Kingdom of Saudi Arabia’s condemnation and denunciation of the Israeli occupation forces bombing of Al-Nuseirat Camp in central Gaza. The Kingdom affirms that the occupation forces’ repeated violations of international law and international humanitarian law, along with their continued targeting of innocent civilians, are a direct consequence of […]