Latest news and articles about commercial sector from NEX English
The relevant authorities in the commercial sector have announced their readiness to meet the expected increase in purchasing power from pilgrims and visitors during the Hajj season. This comes as part of comprehensive preparations to ensure their needs for goods and services are met.
Saudi Arabia has announced new strategies aimed at enhancing the competitiveness of the commercial sector and increasing private sector growth by 2025. These plans are part of the Saudi Vision 2030, which seeks to diversify the national economy and reduce dependence on oil.
The General Authority for Statistics in Saudi Arabia reported a decline in real estate prices by <strong>1.6%</strong> in the first quarter of <strong>2026</strong>, primarily driven by a decrease in the residential sector. Meanwhile, the commercial and agricultural sectors experienced notable growth.
The President of the Indonesian Automotive Industry Association, Budi Guly Ardiqa, emphasized that the commercial sector is the main driver of growth in the automotive industry during the opening of the GIICOMVEC 2026 exhibition in Jakarta.
Yemeni Minister of Information, Muammar Al-Eryani, warns of the repercussions of the Houthi decision to cancel over <strong>4225</strong> commercial agencies in their controlled areas. This move is seen as a serious escalation against the private sector amid a suffocating economic crisis.
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, has announced a new support package worth <strong>one billion dirhams</strong> aimed at boosting the emirate's commercial sector. This initiative comes as part of the government's efforts to support local businesses and stimulate economic growth.