The main Saudi market index continued its weekly gains, rising by 0.44% to the level of 10664.04 points, for the sixth consecutive week. The Abu Dhabi market index rose by 0.33% to the level of 10186.71 points, and the Dubai market index rose by 1.09% to the level of 3349.40 …
Read More »Inflation in Saudi Arabia rose to 3.3% in December
Government data showed on Sunday that the annual inflation rate in Saudi Arabia rose to 3.3 percent in December from 2.9 percent in November, with prices rising again, mainly driven by housing costs. The General Authority for Statistics in Saudi Arabia said that prices jumped 0.3 percent on a monthly …
Read More »Saudi Arabia announces an increase in real GDP for the third quarter by 8.8%
Riyadh on December 11th The real GDP of the Kingdom of Saudi Arabia for the third quarter of the year 2022 increased by 8.8% compared to what it was during the same period in the previous year 2021, according to what was announced by the General Authority for Statistics in …
Read More »Saudi Arabia and China sign the comprehensive strategic partnership agreement
Riyadh – The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and Prince Muhammad bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, received Chinese President Xi Jinping, and an official session of talks was held between the two sides, during which they exchanged …
Read More »Important alert from the UAE Consulate in Jeddah
The Consulate General of the UAE in Jeddah called on the citizens of the country to exercise caution due to the heavy rain in the city of Jeddah. And she stressed the need to follow the safety instructions issued by the Saudi authorities. The consulate called on the mission to …
Read More »The Saudi Center for Commercial Arbitration opens its first regional headquarters in Dubai
The Saudi Center for Commercial Arbitration announced the opening of its first regional headquarters in the (DIFC) area of Dubai, to provide distinguished dispute settlement services to local and foreign business sectors in the UAE, and all companies operating in the Middle East. The center said that it was keen …
Read More »RIYADH: The Saudi king directed the acting foreign minister to head the kingdom’s delegation at the Algeria summit
The Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, directed the acting Saudi Foreign Minister, Prince Faisal bin Farhan, to head the Kingdom’s delegation to the Arab Summit in the People’s Democratic Republic of Algeria.
Read More »Media In From the archive: Prince Mohammed bin Salman’s praise for the leaders, thought and effort of the UAE
Saudi Energy Minister: OPEC + is doing what is necessary to ensure market stability
Saudi Energy Minister Prince Abdulaziz bin Salman said today, Friday, that the OPEC + group is doing what is necessary to ensure that oil markets are stable and sustainable. This came in response to questions regarding the recent decision by OPEC + to cut oil production by two million barrels …
Read More »Saudi Arabia sets a maximum amount of $1 billion to buy back bonds
A disclosure to the London Stock Exchange showed on Wednesday that Saudi Arabia has set one billion dollars as the maximum amount accepted in a tender to buy back bonds due between 2023 and 2026. On Tuesday, Saudi Arabia sold conventional bonds and sukuk for five billion dollars, after demand …
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