Wages in the hospitality sector rose sharply, with hotels and restaurants increasing staff pay by 8.5% in the year to April, well above the 3.5% inflation rate...
In April 2025, the CBRT raised its policy rate to 46%, emphasising that tight monetary conditions will be maintained until a sustained decline in inflation is achieved...
Saudi's economy grew in the first quarter, supported by activity in the non-oil sector as the Gulf nation pushes on to diversify away from hydrocarbons, under the ambitious Vision 2030 agenda...