Latest news and articles about الاقتصاد السعودي from NEX English
Cash liquidity in Saudi Arabia has seen a significant rise, reaching <strong>$876.85 billion</strong> by the end of February, marking an increase of <strong>8.4%</strong> compared to the previous month. This growth reflects improvements in the country's economic and financial conditions.
Naki Water Company has unveiled its expansion plans in the Saudi market to meet the growing demand for bottled water. This initiative aims to enhance its market share and broaden its service offerings.
Bank Arab National has recorded a 4% increase in profits during the first quarter of 2023, reaching <strong>1.36 billion Saudi Riyals</strong>. This reflects a strong performance amid current economic conditions.
Saudi exports are projected to experience significant growth by 2025, supported by an increase in goods and services. This growth reflects an improvement in the country's economic performance and is expected to play a crucial role in enhancing the national economy.
In 2025, Saudi non-oil exports reached a historic value of <strong>624 billion riyals</strong>, marking an annual growth of <strong>15%</strong>. This increase reflects the success of the Kingdom's efforts to diversify its economy.
In February 2026, expatriate remittances in Saudi Arabia fell by 2%, totaling 12.55 billion Riyals, marking the lowest level in 15 months. This decline reflects the economic challenges faced by foreign workers.
The General Authority for Statistics in Saudi Arabia reported that the number of workers in tourism activities reached <strong>1,030,574</strong> in the fourth quarter of last year, marking a <strong>6.6%</strong> increase compared to the previous year. Additionally, the number of licensed hospitality facilities rose to <strong>5,937</strong> establishments.
Saudi Arabia recorded a non-oil trade surplus of <strong>6.13 billion riyals</strong> with Gulf countries in January 2026, marking a significant increase of <strong>106%</strong> compared to the same month last year. The total trade between Saudi Arabia and Gulf countries reached approximately <strong>23 billion riyals</strong>.
On Sunday, April 14, 2026, the Saudi Riyal showed notable stability in financial markets, trading at approximately <strong>3.75 riyals</strong> against the US dollar. This stability coincides with a bank holiday that affects trading activities in the Kingdom.
Investor confidence in the cash supply of the Saudi economy is rising, with reports indicating significant growth despite regional challenges. This growth reflects the Kingdom's ability to face economic difficulties.
Saudi Arabia has announced the restoration of full capacity for its East-West pipeline, achieving a production capacity of <strong>7 million barrels per day</strong>. This milestone enhances the kingdom's ability to export oil amid global challenges.
The governor for investment reported that the improved performance of major companies has played a significant role in driving the Saudi index upward. This improvement reflects market stability and enhances investor confidence.
The Business Confidence Index in Saudi Arabia recorded 52.1 points in March 2026, indicating ongoing optimism in the private sector despite a 14.2% decline from February. This index reflects companies' confidence in the stability and growth of economic activity.
The Al-Ula governorate announced that Saudi saffron has received a 'first-class' rating according to ISO 3632 standards, reflecting the Kingdom's commitment to diversifying agricultural crops. This achievement follows successful trials that demonstrated the region's soil and climate suitability for high-quality saffron cultivation.
The Saudi stock index experienced a slight increase of 4.17 points, reaching 11343.17 points, with trading valued at 5.4 billion Saudi Riyals. Approximately 271 million shares were traded, with 70 companies seeing gains while 188 companies faced declines.
The World Bank has provided positive forecasts for the Saudi economy, predicting a decrease in the budget deficit this year while the kingdom achieves the highest growth rate among Gulf countries, despite the repercussions of the war in Iran.
The World Bank has issued positive forecasts for the Saudi economy, predicting that the budget deficit will be halved by 2026, with a current account surplus of 3.3%. This comes amidst geopolitical and economic pressures affecting the region.
The Saudi Riyal experienced a notable decline at the start of trading on Thursday, April 9, 2026, raising questions about the reasons behind this drop. This change comes at a sensitive time for the Saudi economy.
The Saudi Riyal has shown significant stability at the close of trading on Wednesday, April 8, 2026. Prices remained steady compared to previous days, indicating a balanced market situation.
The Saudi stock index experienced a significant rise of <strong>251 points</strong>, reaching new levels with trading exceeding <strong>8.4 billion riyals</strong>. This increase reflects an improvement in the Saudi market's performance and positive investor expectations.
Saudi Basic Industries Corporation (SABIC) has announced new strategies aimed at enhancing its production capacity and meeting the growing demand in local and international markets. This initiative reflects the company's commitment to strengthening its market position amidst significant industrial transformations in the Kingdom.
Saudi Arabia has announced its commitment to coordinate with Gulf Cooperation Council (GCC) countries to support the stability of the tourism sector. This initiative is part of the Kingdom's efforts to enhance tourism as a fundamental pillar of the national economy.
The Saudi Public Investment Fund has signed memorandums of understanding with three leading international asset managers to enhance its global investments. This move is part of the fund's strategy to diversify its investment portfolio and increase its returns.
The Saudi Minister of Transport emphasized the need to facilitate shipping movement amid current economic challenges in the region. He stated that improving transport infrastructure is essential for enhancing trade and efficiency in shipping operations.
On Tuesday, April 7, 2026, the Saudi Riyal showed relative stability across six local banks, with varying prices among these financial institutions. The Saudi Riyal is a significant currency in the Arab market, influencing various commercial and tourism transactions.
The total assets of the Saudi banking sector reached approximately <strong>4.96 trillion riyals</strong> by the end of <strong>2025</strong>, reflecting rapid expansion in the kingdom's financial landscape. This growth was fueled by strong demand for institutional financing linked to infrastructure and development projects.
The main Saudi stock index experienced a slight decline today, with trading volume reaching <strong>4.4 billion riyals</strong>. This drop comes at a time when the market is witnessing notable fluctuations, reflecting a cautious sentiment among investors.
The Saudi Financial Market Authority (CMA) has announced a new regulatory framework that allows Special Purpose Acquisition Companies (SPACs) to be listed on the parallel market (Nomu). This initiative aims to diversify investment products and enhance market liquidity.
The Board of Directors of Riyad Bank has approved a capital increase of <strong>33.33%</strong>, raising the total capital to <strong>40 billion riyals</strong> to enhance financial stability and support operational activities.
Shareholders of Riyad Bank have approved a capital increase to <strong>40 billion Riyals</strong>, reflecting the bank's commitment to enhancing its financial capabilities and sustainable growth.