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 […]
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 […]
Fitch affirms Saudi Arabia’s ‘A+’ rating with stable outlook
Fitch Ratings has affirmed Saudi Arabia’s long-term foreign-currency issuer default rating at “A+” with a stable outlook. The agency cited the Kingdom’s strong fiscal and external balance sheets, continued growth […]
Saudi and Syrian business leaders commit to energy sector revival
Saudi and Syrian business leaders affirmed their readiness to support the redevelopment of Syria’s energy infrastructure following a high-level meeting in Riyadh. The participants presented proposals for joint projects focused […]
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 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 […]
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 […]
Saudi bank loans hit $845bn as corporate lending booms
Saudi banks’ total outstanding loans reached SR3.17 trillion ($844.7 billion) at the end of May, an annual increase of 16.28 percent, according to the latest official data. Figures released by the […]
Reforms, incentives paving way for Saudi Arabia’s rise as logistics hub
Saudi Arabia’s logistics sector is emerging as a magnet for global investment, powered by regulatory reforms, incentive schemes, and its alignment with the ambitious Vision 2030 agenda, according to industry […]
Jeddah by jet ski: How the Red Sea is powering Saudi Arabia’s new tourism economy
Once a trading port and gateway to holy cities, Jeddah’s Red Sea coast has transformed into a lively center for marine leisure, luxury tourism, and major yachting and water sports […]