Non-oil economy drives growth as Saudi GDP rises 2.8%

Followed by finance and construction Oil GDP edges up 0.05% in Q3 Saudi Arabia has reported a 2.8 percent increase in real GDP for the third quarter of 2024, with non-oil activities driving the ... Read More

Moody’s upgrades Saudi Arabia’s rating on economic diversification

The rating agency revised the country’s outlook to stable from positive, citing uncertainty regarding global economic conditions ... Read More

Saudi Arabia Cuts Spending to Reform Economy Amid Lower Oil

Saudi Arabia outlined plans to trim spending in 2025 after overshooting targets this year in an effort to progress a trillion-dollar economic transformation plan. Expenditure will fall to 1.285 ... Read More

Saudi Arabia Sets ‘Deficit by Design’ Policy for Economic Growth

Saudi Arabia is expecting to run budget deficits in coming years as a trade off for investing in ways to secure long-term benefits for the non-oil sector. Read More

Saudi Arabia Splashes the Cash To Clean Up Its Image

The kingdom's large-scale construction projects include a 110-mile long linear city described by its developers as " a revolution in urban living." ... Read More

Economic growth to be in Russia, China, India and Saudi Arabia — Putin

Russian President Vladimir Putin forecasts that economies of Russia, China, India and Saudi Arabia will demonstrate ... world order," in which various economic systems may coexist, Ryabkov said ... Read More