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Press Dossier   News Category    Economy   
Saudi banks post 5.4% loan growth in Q1 as lending accelerates
Net loans and advances across the Saudi Arabia’s 10 largest listed banks rose by 5.4 percent in the first quarter of 2025, underscoring robust lending momentum at the start of the year.
Riyadh leads Saudi Arabia’s commercial real estate growth with 23% rise in office rents
Saudi Arabia’s commercial real estate sector is witnessing exponential growth, with rents for Grade A office spaces in the Kingdom’s capital reaching SR2,700 ($719.95) per sq. meter by the end of March, an analysis showed.
Saudi Arabia’s PIF assets rise 18% to $1.15tn as portfolio firms drive growth
Saudi Arabia’s Public Investment Fund boosted its total assets to SR4.32 trillion ($1.15 trillion) by the end of 2024, an 18 percent increase compared to the previous year, according to a disclosure filed with the London Stock Exchange.
Saudi Arabia imposes anti-dumping duties on stainless steel imports from China, Taiwan
Saudi Arabia is set to impose final anti-dumping duties on imports of steel and stainless steel pipes originating from China and Taiwan, effective June 30, for a period of five years.
22,000 obtain exit permit as rule takes effect from July 1
The decision to force expatriates working in the private sector to obtain an exit permit with the prior approval of their employers comes into effect on Tuesday, July 1. The measure has been introduced for the first time in Kuwait to join other Gulf states, barring the UAE. Previously, private sector employees could leave the country at any time without permits.
CBK: Broad money supply declines 0.3%
The Central Bank of Kuwait (CBK) announced on Monday that the broad money supply (M2) recorded a slight monthly decline of 0.3 percent in May, reaching KD 41.7 billion (approximately $137.6 billion).
Saudi FDI net inflows jump 44% in Q1 to $5.9bn
Saudi Arabia attracted SR22.2 billion ($5.9 billion) in net foreign direct investment in the first quarter of 2025, up 44 percent year on year, driven by rising inflows and sharply lower capital outflows.
Saudi Arabia eyes untapped opportunities in Mauritania, Morocco
Saudi Arabia is strengthening its trade and investment ties with Africa as more than 30 top investors and officials visit Mauritania and Morocco to explore opportunities across multiple sectors
Oman’s GDP grows 4.7% as non-oil sectors expand
Oman’s gross domestic product at current prices grew by 4.7 percent year on year in the first quarter of 2025, reaching 10.53 billion Omani rials ($27.3 billion), compared with 10.06 billion rials during the same period in 2024.
Saudi unemployment rate hits historic low of 2.8% in Q1: GASTAT
Saudi Arabia’s overall unemployment rate fell to a record low of 2.8 percent in the first quarter of 2025, down 0.7 percentage points from the previous quarter, official data showed.
Saudi IPO proceeds hit $2.8bn in H1 as flynas leads market activity
Saudi Arabia’s equity capital market maintained strong momentum in the first half of 2025, with six companies raising a combined $2.8 billion through initial public offerings on the main Tadawul exchange.
Closing Bell: Saudi main index rises to close at 11,202
Saudi Arabia’s Tadawul All Share Index rose on Sunday, gaining 134.37 points, or 1.21 percent, to close at 11,202.64.
Gulf Bank offers safe deposit box service at Kuwait Airport T1
As part of its ongoing commitment to providing integrated banking solutions that enhance customer experience and align with their modern lifestyles, Gulf Bank has announced the launch of its Safe Deposit Box service at its branch located in the Arrivals Hall – Terminal 1 of Kuwait International Airport.
Growing Saudi film industry driving job creation, economic growth
Since lifting the cinema ban in 2018, Saudi Arabia has rapidly transformed its film industry into a key engine of job creation and economic diversification.
Battery cost drops and govt drive help Kingdom achieve EV goals
A rapid decline in battery prices and critical mineral costs, along with effective government initiatives, are expected to help Saudi Arabia achieve its goal of electrifying 30 percent of vehicles in Riyadh by 2030, according to experts.
$38m Saudi loan to boost Tunisia’s southern regions
Saudi Fund for Development CEO Sultan Al-Marshad signed a new development loan agreement with Tunisian Minister of Economy and Planning Samir Abdelhafidh to finance the Oasis Hub Project in southern Tunisia.
Najran region’s business registrations jump 56% amid Saudi investment push
Saudi Arabia’s Najran region has recorded a 56 percent increase in commercial registrations over the past five years, signaling expanding economic activity and growth potential in the southern province.
Health, military spending lift Saudi ICT contracts to $10bn
Saudi Arabia’s health, military, and infrastructure sectors led an 18.75 percent rise in government information and communications technology contracts in 2024, reaching SR38 billion ($10.13 billion), official data showed.
Saudi Arabia to see 700% surge in millionaire inflows in 2025: Henley & Partners
Saudi Arabia is projected to attract 2,400 high-net-worth individuals in 2025, marking a sharp increase from the 300 millionaires estimated to have relocated to the Kingdom in 2024.
Closing Bell: Saudi main index rises to close at 11,068
Saudi Arabia’s Tadawul All Share Index rose on Thursday, gaining 94.29 points, or 0.86 percent, to close at 11,068.27.
IMF raises Saudi growth forecast to 3.5% for 2025, outstripping global average
The International Monetary Fund has revised up its forecast for Saudi Arabia’s economic growth in 2025, raising it to 3.5 percent from the 3 percent projected in April.
Saudi Arabia’s non-oil exports climb 24.6% in April: GASTAT
Saudi Arabia’s non-oil exports saw an annual rise of 24.6 percent in April, reaching SR28.36 billion ($7.56 billion) thanks to a sharp increase in re-exports and a strong performance in chemicals and plastics.
Education sector leads weekly POS surge with 666% value spike despite overall drop
Saudi Arabia’s point-of-sale spending in the education sector saw a weekly rise of 666 percent to reach SR193.26 million ($51.53 million) by June 21, according to official data.
Closing Bell: Saudi benchmark index edges higher to close at 10,974
Saudi Arabia’s main stock index closed slightly higher on Wednesday, as gains in select industrial and infrastructure stocks offset broader market weakness.
Amir hails final exam plan, congratulates outstanding students
HH the Amir Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah on Wednesday praised the success of the education ministry’s final examination plan for senior high school students to close out the 2024/2025 academic year.
Saudi Arabia raises $628m in June sukuk offering
Saudi Arabia’s National Debt Management Center has completed its June issuance under the government’s riyal-denominated sukuk program, raising SR2.355 billion ($628 million).
Mawani names Al-Mazroua as new president
Saudi Ports Authority has appointed Suliman bin Khalid Al-Mazroua as its new president, effective June 29, as part of its push to strengthen leadership and advance key strategic goals.
Major Gulf markets jump after Israel-Iran ceasefire
Major stock markets in the Gulf advanced in early trade on Tuesday with risk appetite improving after US President Donald Trump said Iran and Israel had agreed to a ceasefire.
Saudi Arabia, Bahrain launch 2nd phase of industrial integration
Saudi Arabia and Bahrain have launched the second phase of their industrial integration initiative, aiming to boost bilateral trade, investment, and cross-border supply chain cooperation.
Petcare and snacking support Saudi consumer spending resilience: NielsenIQ
Consumer spending in Saudi Arabia remained resilient in the year to March, with outlays on low-cost goods rising 3.3 percent, according to a new report by NielsenIQ.
Closing Bell: TASI rises 2.37% to close at 10,964
Saudi Arabia’s Tadawul All Share Index rose 254.04 points, or 2.37 percent, to close at 10,964.28 on Tuesday.
Oman’s sovereign fund nets $4.1bn profit with disciplined, future-focused strategy: Report
Oman’s sovereign wealth fund posted a record profit of 1.59 billion Omani rials ($4.1 billion) in 2024 and grew its assets above 20 billion rials, Global SWF reported.
Fitch affirms Abu Dhabi rating at ‘AA’ with stable outlook
Abu Dhabi’s long-term foreign-currency rating has been affirmed at “AA” with a stable outlook by Fitch, supported by the emirate’s robust fiscal surpluses, vast sovereign assets, and low debt levels.
Saudi Arabia’s non-oil industrial production up 5.3% in 2024: GASTAT
Saudi Arabia’s non-oil industrial activities posted robust growth of 5.3 percent in 2024, highlighting the success of the Kingdom’s economic diversification efforts under Vision 2030.
Saudi Vision 2030 puts government performance at heart of economic growth drive, says minister
Saudi Arabia’s Vision 2030 prioritizes enhancing the performance of government bodies and institutions across the public, private, and non-profit sectors, recognizing their vital role in driving economic growth, according to the Kingdom’s economy minister.
Saudi crude output inches up to 9m bpd: JODI
Saudi Arabia pumped 9 million barrels per day of crude in April, a 0.54 percent month-on-month increase, according to the latest data from the Joint Organizations Data Initiative.
Saudi Arabia unveils 2nd phase of industrial incentives to attract high-value investment
Saudi Arabia has launched the second phase of its standardized industrial incentives program, aimed at boosting competitiveness and strengthening the Kingdom’s trade balance, a senior official said.
Digital transformation to boost Saudi industrial productivity by up to 25%, says Aramco CEO
Integrating digital technologies is set to increase Saudi Arabia’s industrial productivity by 15 to 25 percent, according to Aramco President and CEO Amin Nasser.
Closing Bell: TASI rises 1.3% as market breadth remains positive
Saudi Arabia’s Tadawul All Share Index rose 1.29 percent to close at 10,710.24 on Monday, supported by broad-based gains across sectors.
Oman to be first Gulf country to impose personal income tax
Oman will become the first country in the Gulf to impose a personal income tax, as the oil producer works to diversify its revenue stream.
Oman’s insured non-oil exports reached $159m in Q1
Oman’s insured non-oil exports reached 61.2 million Omani rials ($159 million) in the first quarter of 2025, marking a 6 percent increase from the same period last year, according to Credit Oman.
Saudi culture sector to triple GDP share to $48bn by 2030, says minister
Saudi Arabia plans to raise the cultural sector’s contribution to gross domestic product to 3 percent — or SR180 billion ($48 billion) — by 2030, up from under 1 percent, according to Minister of Culture Prince Badr bin Abdullah bin Farhan.
Gulf visitor spending to hit $224bn by 2034, GCC-Stat says
Visitor spending in Gulf Cooperation Council nations is projected to reach $223.7 billion by 2034, driven by economic diversification, mega-projects, infrastructure upgrades, and relaxed visa policies, new data showed.
Saudi Arabia surpasses 116m tourists in 2024, exceeds goal for 2nd year
Saudi Arabia welcomed 116 million tourists in 2024, exceeding its annual visitor target for the second year in a row, the official data showed.
Closing Bell: Saudi main index edges down 0.34% to close at 10,574
Saudi Arabia’s Tadawul All Share Index edged lower on Sunday, falling 36.44 points, or 0.34 percent, to close at 10,574.27.
Most Gulf markets trade up, unfazed by rising regional tensions as US strikes Iran
Most stock markets in the Gulf were trading higher on Sunday, relatively unscathed by escalating tension in the region following US strikes on Iranian nuclear sites, as investors assessed the potential economic impact of the conflict.
Giga-projects power 6.4% jump in Saudi Arabia’s Q1 cement sales to 13.4m tonnes
Cement sales in Saudi Arabia climbed 6.4 percent year on year in the first quarter of 2025 to 13.4 million tonnes, driven by a construction surge tied to Vision 2030 megaprojects.
Formula 1 turbocharges Saudi economic diversification drive
Saudi Arabia is accelerating its push to diversify its economy by turning to major international events such as Formula 1, as the Kingdom uses global motorsports to support its non-oil goals.
ABK Kuwait-Egypt reports strong results for first quarter of 2025
Al Ahli Bank of Kuwait – Egypt (ABK-Egypt), reported strong Q1 2025 financial results with Net Profit standing at EGP 1.3 billion, reflecting an increase of 42.3 percent for March 31, 2025 compared to same period last year after excluding foreign exchange revaluation impact. Net Interest Income grew 26.2 percent to reach EGP 1.8 billion compared to EGP 1.4 billion in the same period of the last year.
Closing Bell: Saudi main index rises to close at 10,610
Saudi Arabia’s Tadawul All Share Index rose on Thursday, gaining 19.58 points, or 0.18 percent, to close at 10,610.71.
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