Saudi Arabia announced its first quarter budget report for 2026, revealing a deficit of <strong>126 billion riyals</strong>. This deficit highlights the economic challenges facing the country amid changing global conditions.
Tesla has announced an increase in its spending plans to over <strong>$25 billion</strong> by <strong>2026</strong>, reflecting its commitment to expanding operations and boosting production. This move comes as the company seeks to strengthen its position in the electric vehicle market.
American Express has announced plans to boost its marketing and technology spending as customer expenditures on air travel decline significantly. This announcement was made by CEO Stephen Squeri during an interview on Bloomberg's Open Interest program.
A recent report reveals that Saudis are spending more than <strong>220 million riyals</strong> daily in cafes and restaurants, reflecting a growing social lifestyle in the kingdom. These figures also indicate a recovery in the hospitality sector.
Reports indicate that Saudis are leading a surge in last-minute bookings for Summer 2026, with spending expected to reach <strong>32 billion riyals</strong>. This increase reflects new trends in both domestic and international tourism.
Reports indicate that three Saudi clubs excelled during the summer transfer window, ranking among the top ten highest-spending clubs globally. This achievement reflects the significant development in Saudi football and enhances its status on the international sports stage.
The Egyptian Minister of Culture announced a set of alternatives aimed at balancing government spending and the continuation of cultural services. This initiative comes amid the economic challenges facing the country.