Prime Highlights: Saudi Aramco hiked the price of diesel to SR1.66 ($0.44) per liter, effective January 1, 2025 which is an increase of 44.3% from January 2024. Gasoline 91 and…
Prime Highlights: 42 percent of Saudi adult’s plan to start a business within the next three years, a record level since 2016. Saudi Arabia aims at increasing the contribution of…
Prime Highlights: The country's net foreign direct investment surged by 37% to SR16 billion ($4.27 billion) in Q3 2024. Outflows of FDI stand at 74.36% year on year with respect…
Prime Highlights: BNPL services are now used by 77% of Saudi consumers to pay for essential purchases, according to a report published by Tabby recently. First-time BNPL use tends to…
Saudi Arabia's insurance industry is likely to be buoyant in 2025 with top-line revenue growth ranging between 10 percent and 15 percent, said a report by S&P Global this week.…
US companies now hope to draw into this swiftly growing market in Saudi, to be discussing new prospects there like energy transport, tourism, healthcare, Saudi-US Business Forum held recently in…
The members of OPEC+ agreed to extend the voluntary cuts by three more months for an attempt to stabilize the world oil market. The resolution came after a virtual meeting…
The move by Crown Prince Mohammed bin Salman in Saudi Arabia into unveiling the National Red Sea Sustainability Strategy is an ambitious effort put out to protect marine ecosystems as…
On Tuesday, Saudi Arabia's Cabinet, headed by Crown Prince Mohammed bin Salman, approved the Kingdom's state budget for the fiscal year 2025. The budget projects revenues of SR1.18 trillion ($315.73…
Saudi Arabia's mega-project NEOM will be presented as a generational investment with a long-term horizon, Minister of Investment Khalid Al-Falih said. "This is not for a short period of time,"…
