Saudi economy
Saudi Arabia Announces Massive King Salman Stadium With Over 90,000 Seating Capacity
Sports and Eneterainment - Published date: .
Construction of the King Salman Stadium in Saudi Arabia is scheduled for completion in the fourth quarter of 2029 Read more
Saudi Arabia Extends Coronavirus Stimulus Package But Narrows Scope
Middle East Business News - Published date: .
The initiative, which was due to expire in October, will now continue until January and will support half of all Saudis ... Read more
Abu Dhabi Reveals Huge Surge In Saudi Trade Deals
Middle East Business News - Published date: .
The value of non-oil trade in goods between Abu Dhabi and Saudi Arabia over the past decade hits $134.5bn, just slightly... Read more
Saudi Arabia To 'assess All Options' To Boost Economy After Coronavirus Impact
Middle East Business News - Published date: .
Commerce Minister says gov't is reing what is 'best for the people and the nation and its interests' Read more
Are Green Bonds The Future For The Gulf Or Just A Gimmick?
Middle East Business News - Published date: .
Analysts ponder the rise of green bonds in a region known for oil wells, tankers and sprawling natural-gas plants Read more
Saudi Central Bank Chief Says No Time To Relax After Coronavirus Crisis
Middle East Business News - Published date: .
Ahmed Alkholifey, head of the Saudi Arabian Monetary Authority, says he is confident the country's economy will weather ... Read more
Saudis Voice Concerns About Higher Taxes, Rising Costs
Middle East Business News - Published date: .
Euromoney virtual investor conference is dominated by Saudis anxious about higher taxes and rising costs Read more
Saudi Arabia Spends $57bn To Soften Economic Blow Of Covid-19
Middle East Business News - Published date: .
Over 650,000 people have directly benefited from the measures, according to the kingdom's Ministry of Finance Read more
Saudi Central Banker Says 'too Early' To Call Recovery V-shaped
Middle East Business News - Published date: .
Ahmed Alkholifey said some foreign banks have delayed opening in the kingdom because of the virus Read more
UAE Shows Signs Of Recovery With Return To Business Growth
Middle East Business News - Published date: .
Saudi Arabia, by contrast, saw a sustained deterioration in overall business conditions, according to IHS Markit's Purch... Read more
How Saudi Arabia's $15.6bn Bank Merger Would Stack Up
Middle East Business News - Published date: .
The National Commercial Bank-Samba merger would create a banking giant in terms of loans with almost a 30% market share... Read more
Saudi's Samba Group CEO Expects U-shaped Recovery After 'triple Jeopardy' Of Crises
Middle East Business News - Published date: .
Samba Financial Group CEO Rania Nashar expects a fully recovery by the end of 2021 Read more
Saudi Central Bank Affirms Commitment To Currency Peg Against Dollar
Middle East Business News - Published date: .
Saudi Arabian Monetary Authority to maintain exchange rate at 3.75 riyals to the dollar Read more
Saudi Inflation Set To Rise On Higher Consumer Spending In 2020
Middle East Business News - Published date: .
Jadwa Investment forecasts 1.7% inflation rate in Gulf kingdom this year as non-oil economy is expected to expand Read more
Why Saudi Aramco's IPO Is No Ordinary Share Sale
Middle East Business News - Published date: .
Key questions answered on Saudi oil giant's IPO ahead of its launch next month Read more
Is $1.7trn A Fair Valuation Of Saudi Aramco?
Middle East Business News - Published date: .
Some money managers believe the energy giant is worth less than the valuation target of Saudi Arabia's Crown Prince Moha... Read more
Aramco Said To Tap Saudi Billionaires For Major IPO Orders
Middle East Business News - Published date: .
Olayan family and Prince Alwaleed Bin Talal among big names reportedly negotiating deals to buy stock in Aramco Read more
Saudi Aramco's Lavish Dividends Seen Stretching Finances In Oil Slump
Middle East Business News - Published date: .
To lure investors, Aramco has promised a bumper dividend payment of at least $75bn a year Read more
$1.4trn: How Far Apart Banks Are On Aramco IPO Valuation
Middle East Business News - Published date: .
Among 16 banks that offered an Aramco valuation, the range in estimates ran from $1.1trn at the bottom right up to $2.5t... Read more
Some Saudis Mull Selling Homes To Invest In Aramco IPO
Middle East Business News - Published date: .
From tapping lenders to selling personal assets, Saudis are scrambling to raise cash to invest in Aramco stocks Read more