Latest news and articles about Saudi economy from NEX English
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.
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>.
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 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.
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 authorities announced that the kingdom's foreign reserves cover imports for two full years, exceeding global averages. This step reflects the strength and stability of the Saudi economy amid global challenges.
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.
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.
Jazan Port for basic and transformative industries has announced enhancements to Saudi Arabia's logistics capabilities, contributing to improved trade and maritime transport in the Red Sea. This strategic project reflects Saudi Vision 2030 aimed at bolstering the national economy.
Saudi Arabia recorded a significant increase in service exports, rising by <strong>16.8%</strong> to reach <strong>66.1 billion Saudi Riyals</strong> in the fourth quarter of <strong>2025</strong>. This growth reflects the country's ongoing efforts to diversify its economy and reduce reliance on oil.
The Saudi financial market index, TASI, has continued its upward trend for the fifth consecutive week, reflecting a notable improvement in economic performance. This rise indicates growing investor confidence in the market and enhances their profits.
The National Program for Combating Commercial Concealment reported the seizure of 71 suspected cases in March 2026, with violators referred to the relevant authorities. This initiative is part of a broader effort involving 2,611 inspections across the kingdom.
The Saudi Riyal has experienced a new increase, reaching <strong>27 piastres</strong> during mid-bank transactions on Thursday, April 2, 2026. This marks the second rise in a short period, reflecting financial market volatility and its impact on currencies.
PIL Global Shipping has announced the expansion of its operations at Jeddah Islamic Port, reflecting its commitment to strengthening its presence in the Saudi market. This expansion is part of the company's strategy to meet the growing demand for shipping services in the region.
The Saudi Stock Market Index (TASI) has seen a significant rise, reaching its highest level in nearly eight weeks, indicating an improvement in market performance. This increase comes at a critical time for the Saudi economy as investors seek to capitalize on available opportunities.
The 'Tourism Vision' group held its inaugural meeting in Mecca to discuss the financial budget and strategic direction for the upcoming phase. The meeting aims to enhance tourism in the holy city and develop new plans to attract visitors.
Data from the Saudi Central Bank reveals that investments by Saudi banks in treasury bonds rose to <strong>658.2 billion riyals</strong> in February 2026, marking an increase of <strong>5.2 billion riyals</strong> compared to the previous month. This growth reflects a <strong>9%</strong> annual increase, indicating rising confidence in the Saudi economy.
International Gulf Bank - Saudi Arabia has successfully completed the issuance of additional Tier 1 capital bonds worth <strong>$500 million</strong>. This move reflects the bank's strategy to strengthen its capital base and support sustainable growth.
Saudi petrochemical companies have seen a significant rise in their stock prices due to the escalating military conflict in the Middle East. This increase reflects the direct impact of regional crises on financial markets.
The Saudi Ports Authority announced a significant increase in cargo handling in August, with a rise of <strong>26.57%</strong> compared to the same month last year. This surge reflects an improvement in the commercial and logistical activities within the Kingdom.
The Saudi parallel stock market index, known as 'Nomo', saw a significant increase of <strong>32.65 points</strong>, reaching <strong>22,751.82 points</strong>. In contrast, the main index closed down by <strong>13.93 points</strong> at <strong>11,076.40 points</strong>.
Dr. Musaed Al-Rasheedi's articles in the Economic Newspaper provide in-depth analyses of significant economic issues, focusing on the challenges and opportunities facing the Saudi economy. His insights are crucial for understanding the current economic landscape.
Dr. Musfer Bin Jarallah's articles in the Economic Journal provide valuable insights into current economic issues affecting Saudi and Arab economies. He highlights the challenges and opportunities faced by these economies in a rapidly changing global landscape.
The Saudi central bank's reserves grew by <strong>5.3%</strong> annually, reaching <strong>$461 billion</strong> by the end of last year, driven by foreign investments. This growth reflects an increase of approximately <strong>$23 billion</strong>.
Amid unprecedented global turmoil, the Saudi economy stands out as a model of resilience and adaptability, largely due to proactive economic policies. This flexibility is crucial as supply chains face significant pressure from the closure of the Strait of Hormuz.