Saudi Arabia’s real GDP grows 5% in Q3: GASTAT
Saudi Arabia’s economy grew 5 percent in the third quarter from a year earlier, driven by strong gains in both oil and non-oil sectors, official data showed. According to flash estimates from the General Authority for Statistics, oil activities grew 8.2 percent, while non-oil output expanded 4.5 percent and government activities increased 1.8 percent during the […]
PIF set to achieve goal of reaching $1tn in assets by year-end: Al-Rumayyan
Yasir Al-Rumayyan, governor of the Public Investment Fund, said the fund’s assets have tripled since 2015, adding the fund’s goal is to reach $1 trillion by the end of this year, “and we are very close to achieving it.” The PIF has been the cornerstone of Saudi Vision 2030, with its workforce expanding from around […]
In sweeping UN speech, Saudi FM demands end to Gaza genocide, lays out vision for regional peace
Saudi Arabia’s foreign minister on Saturday called for immediate global intervention to stop the genocide in Gaza, defended the multilateral system, and outlined the Kingdom’s strategy for regional stability, environmental sustainability and economic growth. Prince Faisal bin Farhan told the 80th UN General Assembly that Saudi Arabia’s “is proud to be a founding member of […]
Saudi Arabia’s FDI net inflows rise 14.5% in Q2
Saudi Arabia’s foreign direct investment net inflows climbed 14.5 percent year on year to SR22.8 billion ($6.1 billion) in the second quarter, signaling a steady appetite for the Kingdom’s reform-driven economy. The figure, released by the General Authority for Statistics, compared with SR19.9 billion a year earlier. On a quarterly basis, net inflows dipped 3.5 […]
Saudi AUM hits record $295bn, on track for $500bn by 2030: S&P Global
Saudi Arabia’s asset management industry grew 12 percent annually from 2015 to 2024, with total assets reaching nearly $295 billion by the first quarter of 2025, according to S&P Global. In its latest analysis, the credit rating agency noted that the Kingdom’s asset management sector is set to maintain its upward trajectory, supported by robust […]
Crown prince leads Saudi, Arab condemnation of Israel’s ‘criminal’ Doha attack Previous
Saudi Arabia on Tuesday strongly condemned what it described as a “brutal Israeli aggression” against Qatar following an attack on the capital Doha, which Israel said was a strike targeting Hamas officials in the city. In a statement, the Ministry of Foreign Affairs denounced the strike as “a flagrant violation of international law and the […]
Prince Faisal co-chairs Saudi-Tunisian committee to enhance political cooperation Previous
Prince Faisal bin Farhan, Saudi Arabia’s minister of foreign affairs, co-chaired the fourth session of the Saudi-Tunisian Follow-up and Political Consultation Committee with his Tunisian counterpart, Mohamed Ali Al-Nafti, in the capital Tunis on Tuesday. The meeting discussed relationships and common issues between Riyadh and Tunis, the Saudi Press Agency reported. The two sides emphasized […]
Saudi Arabia opens debt market to crowdfunding, tightens governance of special purpose entities
Saudi Arabia’s Capital Market Authority approved a regulatory framework enabling licensed firms to offer sukuk and debt instruments through crowdfunding platforms, expanding financing access and diversifying funding sources. The framework, effective immediately, applies to institutions licensed for “arranging” activities and follows an experimental phase that began in the second quarter of 2021. The authority introduced […]
Saudi Arabia sees record 144% rise in new mining exploration licenses in H1
Saudi Arabia issued a record number of new mining exploration licenses in the first half of 2025, marking a 144 percent year-on-year rise, official data showed. A total of 22 licenses were issued during the period, up from just nine in the same period last year, reflecting growing investor interest and the government’s push to […]
Two-state solution conference poised to convene at UN as famine spreads in Gaza
‘ As the international community braces for the two-state solution conference in New York on July 28-29, co-chaired by Saudi Arabia and France, expectations are high for renewed political will to end decades of conflict and push forward a viable peace. The conference arrives amid worsening humanitarian conditions in Gaza and a historic diplomatic shift: […]