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RIYADH: Bank transfers from Saudi Arabia to the UAE have faced unusual delays in recent weeks, raising concerns among companies and individuals operating between the two largest Arab economies. According to people familiar with the
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RIYADH: Saudi Arabia’s capital market assets under management surpassed SR1.2 trillion ($320 billion) in 2025, registering an 18 percent increase, according to official figures. The annual report released by the Kingdom’s Capital Market Authority showed
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RIYADH: Saudi Arabia has opened subscriptions for its June issuance of the government-backed “Sah” savings sukuk, offering an annual return of 4.60 percent, up from 4.56 percent in the previous month. In a post on
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RIYADH: Companies listed across the Gulf Cooperation Council posted a record $67.9 billion in net profits in the first quarter of 2026, up 15.5 percent year on year, driven by stronger energy and banking sector
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Riyadh Saudi Arabia’s national airline, Saudia, ranked first worldwide for departure and arrival punctuality in May, according to a report by aviation analytics company Cirium cited by the Saudi Press Agency. This is the second
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JEDDAH: Oman’s producer price index fell 3.9 percent in the first quarter of 2026 compared with the same period a year earlier, according to official data. The decline was primarily driven by an 11.3 percent
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RIYADH: A series of venture capital, funding, acquisition, and leadership announcements marked the post-Eid week across the Middle East and North Africa’s startup and technology ecosystem. Deals spanned impact investing, telecom-backed venture capital, autonomous logistics,
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RIYADH: Serviced apartments and other hospitality facilities in Saudi Arabia saw their first year-on-year decline in the fourth quarter of 2025, while hotel prices experienced their steepest drop in five quarters. This indicates that the
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LONDON: The International Energy Agency sharply cut its forecasts for global oil supply and demand growth, saying both are now expected to fall from 2025 levels as war in the Middle East disrupts oil flows
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RIYADH: The Managing Director of the International Monetary Fund, Kristalina Georgieva, affirmed that the strength of the Gulf states’ economic fundamentals contributed to supporting the stability of the region’s economies during the war between the
