According to the statistical figures, During the Fourth Quarter Saudi trade with the GCC region almost hit $14.8bn during the previous year. Meanwhile, the data showed, the magnitude of trade among the Kingdom of Saudi Arabia and other Gulf Cooperation Council (GCC) regions rose 13% a year before. The trade scale grew to SR6.363bn ($1.7bn), […]
In a critical move to understand Riyadh secures IMF’s regional developing stature in the worldwide money-related scene. Meanwhile, the Universal Money-related Finance (IMF) is balanced to build up its territorial base camp in Riyadh taking after the endorsement of the Saudi Cabinet. Furthermore, This point of interest choice not as it were reflects the Kingdom’s
With Ministry approval, the Nitaqat Saudization initiative now recognizes foreign investors as Saudis.. The Saudi Gazette reported that, according to the ministry’s Qiwa platform, these individuals will be considered on par with nationals in determining Saudization percentage Under the Nitaqat program, widows of non-Kingdom residents and offspring of local women married to non-Saudis are treated
Foreign investors will be regarded as Saudi nationals. Read More »
Saudi Non-Oil Economy have achieved a historic milestone and create a landmark by earning 50% of revenue from GDP in the year 2023, which breaks the record for previous years. As stated by General Authority’s analysis for statistics data presented by Ministry of Economy and Planning. The figures showed that GDP valued 1.7 trillion riyals
Saudi Non-Oil Economy Achieved Historical Milestone and Hits Record $453 Billion Read More »
In the holy month Ramadan’s Venture Surge an unexpected twist, the Middle East and North Africa witnessed a huge increase in funding for startups, defying the usual slow business pace. Meanwhile, The Saudi Venture Capital Co., a government investment entity, declared a whopping $30 million funding in the Olive Rock Partners Fund I. Additionally, This
Ramadan’s Venture Surge: Regional Startups Thrive with Capital Influx Read More »
S&P Reiterates Saudi Arabia’s Global Ratings, an international rating agency, has rechecked Saudi Arabia’s foreign and local currency sovereign credit ratings at ‘A/A-1’ with a Stable Outlook. Therefore, This avouchment reflects the Kingdom’s commitment to economic and social reforms in recent years. So, the aim is to enhance its economic resilience and bolster the non-oil
S&P Reiterates Saudi Arabia’s Resilient AA-1 Rating Read More »
