FeaturedFinanceSaudi Vision 2030: Kingdom’s Hail region gears up for increased investment opportunitiesIFM CorrespondentAugust 7, 2024 by IFM CorrespondentAugust 7, 2024 Minister of Investment Khalid Al-Falih said that Prince Abdulaziz expressed his idea for Hail's competitive advantages in a post on X... Read more
FeaturedOil & GasSaudi non-oil business activity stumbles in May amid order slowdownIFM CorrespondentJune 11, 2024 by IFM CorrespondentJune 11, 2024 The non-oil economy was valued at 1.7 trillion Saudi Riyals at constant prices, driven by steady growth in exports, investment and consumer spending... Read more
FeaturedTradingSaudi Arabia sees 59% surge in commercial registrationsIFM CorrespondentApril 15, 2024April 14, 2024 by IFM CorrespondentApril 15, 2024April 14, 2024 The percentage of young Saudis who registered as commercial establishments in the Kingdom was 38%... Read more
EconomyMagazineSaudi’s 2030 PUSHIFM CorrespondentJune 6, 2023June 6, 2023 by IFM CorrespondentJune 6, 2023June 6, 2023 The crude petroleum and natural gas activities contributed 32.7% to the Saudi economy... Read more
FeaturedOil & GasFall in oil output to slow down Saudi GDP growth in 2023?IFM CorrespondentMay 19, 2023 by IFM CorrespondentMay 19, 2023 The non-oil revenues increased by 9% in Q1 2023 while oil revenues declined by 3%, as per the Saudi government stats... Read more
EconomyFeaturedSaudi’s low inflation rate a lesson for G20 countriesWebAdminNovember 11, 2022 by WebAdminNovember 11, 2022 The newest prediction from the IMF predicts that Saudi Arabia's GDP will rise 7.6% this year after accelerating by 3.2% last year... Read more
EconomyFeaturedSaudi Arabia to attract FDI worth SAR388 bn annually under National Investment StrategyIFM CorrespondentOctober 12, 2021October 12, 2021 by IFM CorrespondentOctober 12, 2021October 12, 2021 The annual domestic investment is expected to increase to SAR1.7 tn by 2030... Read more
EconomyFeaturedSaudi Arabia’s inflation rate increases in April to 5.3%WebAdminMay 24, 2021 by WebAdminMay 24, 2021 The increase is primarily due to the rise in food and transport prices... Read more
EconomyFeaturedSaudi Arabia’s economy contracts by 3.3% in Q1Pritam BordoloiMay 11, 2021 by Pritam BordoloiMay 11, 2021 The overall GDP was further affected by a 12% decline in ongoing crude oil production cuts... Read more
EconomyFeaturedSaudi Arabia announces $263.91 bn budget for 2021Pritam BordoloiDecember 16, 2020 by Pritam BordoloiDecember 16, 2020 The Kingdom will spend 7% less than estimated spending for this year... Read more