Saudi Arabia announces $5bn in Syria investments
A Saudi delegation visiting Damascus on Wednesday announced investment and partnership deals valued at $5 billion to help rebuild war-battered Syria. The delegation of some 150 investors and representatives of the Saudi public and private sectors, led by Investment Minister Khalid Al-Falih, attended a forum in Damascus. “The announced investments, valued at SR19 billion (about $5 […]
Saudi POS value holds above $3bn for 4th consecutive week
Hotel spending in Saudi Arabia surged by 2.1 percent in the week ending July 19, driving total point-of-sale transactions to SR12.19 billion ($3.25 billion), even as most other sectors saw declines. Total POS value remained above the $3 billion mark for the fourth consecutive week despite a 7.1 percent weekly drop, underscoring the resilience of […]
Saudi non-oil exports climb 6% to $8.29bn: GASTAT
Saudi Arabia’s non-oil exports, including re-exports, reached SR31.11 billion ($8.29 billion) in May, marking a 6 percent increase compared to the same month in 2024, official data showed. Preliminary figures released by the General Authority for Statistics showed that the UAE remained the top destination for the Kingdom’s non-oil products, with exports to the Emirates […]