Saudi Economy

Saudi Arabia begins $186 mn Jeddah logistics corridor project Fibre2fashion08:19
Life in Saudi Arabia: Part 22 June 2025 North East Bylines06:18
Is Saudi Arabia falling behind in the crypto race without unified GCC regulations? DeFi Planet15:21
Cenomi Retail says strategic investor to acquire up to 49.95% stake Argaam16:57
Oil market: Surprises with 548,000 bpd output hike in August; what analysts said The Times of India05:42
Enhancing capacity and logistics flow, minister Al-jasser lays foundation stone for logistics… PR Newswire (Press Release)17:08
Global tourism surging ahead of Economic Growth, with visits to hit 30 billion by 2034 Business Wire (Press Release)00:02

Latest News

In the last 4 hours

Garuda Diplomacy: Prabowo Ends Overseas Trip on a High Note Jakarta Globe16:09

In the last 6 hours

Saudi Alalamiah showcases machines in São Paulo Brazil-Arab News Agency14:08

In the last 8 hours

Snoonu says Jahez acquisition to improve operational performance Argaam12:20

Yesterday

Saudi sweets brand aims to break into Brazil Brazil-Arab News Agency21:20 15-Jul-25

Saudis have B2B day with Brazilians Brazil-Arab News Agency19:59 15-Jul-25

U.S.-Cuba Relations Council on Foreign Relations18:54 15-Jul-25

GASTAT: Inflation remains stable at 2.3% in June Saudi Gazette12:07 15-Jul-25

Saudi Inflation Rate Remains Stable at 2.3% in June 2025 Asharq Al-Awsat11:31 15-Jul-25

India signs multiple phosphate agreements World Fertilizer09:00 15-Jul-25

Middle East Startups Double Fundraising to Defy Broad Slowdown Mint06:19 15-Jul-25

Mint Primer: What India is now doing to avoid a fertilizer shock Mint01:08 15-Jul-25

In the last 7 days

Riyadh’s $8 Billion Solar Surge Leaves Oil Strategy Untouched OilPrice.com23:56 14-Jul-25

Middle East Gas Exports Soar to Meet Global Demand OilPrice.com22:44 14-Jul-25

Why Aramco Can’t Win Under Trump’s Oil Price Doctrine OilPrice.com17:29 14-Jul-25

The hidden power in your kitchen: Why scientists are studying palm oil's secret vitamin Saudi Gazette16:25 14-Jul-25

GJEPC targets Saudi Arabia to grow gems and jewellery exports The Hindu15:26 14-Jul-25

Dar wa Emaar enhances homeownership experience and reinforces commitment to quality of life in Saudi Arabia Saudi Gazette13:42 14-Jul-25

Al-Majdouie Peugeot launches the strongest offers this summer Saudi Gazette12:50 14-Jul-25

Saudia posts 7.2% passenger growth in H1 2025, leads global punctuality Saudi Gazette11:49 14-Jul-25

4 Factors Behind the Decline of Saudi Stock Market in H1 2025 Asharq Al-Awsat10:46 14-Jul-25

China’s June Crude Imports Jump as Iranian and Saudi Volumes Surge OilPrice.com10:43 14-Jul-25

As China chokes the tap, Saudi emerges as India’s fertiliser ally The Economic Times10:40 14-Jul-25

Despite pressure from US, India buys huge amount of oil from this country, not Iraq, Saudi… DNA India09:28 14-Jul-25

WTI moves below $67.50 due to Oil output increase, tariff tensions FXstreet05:18 14-Jul-25

Saudi banking sector assets hit $1.2 trillion in 2024 Saudi Gazette21:25 13-Jul-25

PIF launches Tasama to boost Saudi business services sector Saudi Gazette15:59 13-Jul-25

Saudi Arabia: 21,000 violators of laws held in a week Gulf News15:58 13-Jul-25

Saudi graduates see record job market entry in 2024 Saudi Gazette17:39 12-Jul-25

Saudi complying fully with voluntary OPEC+ target: Energy ministry Kuwait Times16:01 12-Jul-25

Saudis Ask OPEC Watchers for Data Change to Abide by Quota Rigzone12:40 12-Jul-25

Saudi-GCC non-oil trade surplus achieves 203% annual growth: Gastat Gulf Today12:27 12-Jul-25

Saudis Ask OPEC Watchers for Data Change to Meet Quota Mint20:54 11-Jul-25

Saudi Arabia's Production Increase Sparks Credibility Concerns OilPrice.com17:36 11-Jul-25

Abraham Accords: Syria and Lebanon Facing the Test of the Arab Concert Reset Dialogues on Civilizations17:10 11-Jul-25

Both Russia and the Houthis Are Escalating Attacks OilPrice.com16:15 11-Jul-25

Saudi Arabia skilled worker visa update for July 2025, check complete process inside Daily Ausaf14:22 11-Jul-25

Saudi Oil Exports to China Set to Hit Two-Year High in August OilPrice.com10:09 11-Jul-25

Saudi Arabia boosts China oil exports to over 2-year high in August, Sinopec ramps up intake Invezz06:53 11-Jul-25

Lifting sanctions on Syria exposes their cruel intent Responsible Statecraft05:17 11-Jul-25

Traders Weigh OPEC+, Tariffs, and Resilient Demand OilPrice.com00:29 11-Jul-25

Saudi-GCC Non-Oil Trade Surplus Achieves 203% Annual Growth Asharq Al-Awsat00:04 11-Jul-25

Annual growth of Saudi – GCC non-oil trade surplus soars 203% in April Saudi Gazette18:09 10-Jul-25

Jakarta-Riyadh Convergence: Prabowo’s Saudi Outreach and the Pursuit of Foreign Investment The Diplomat15:20 10-Jul-25

Qatar Exports strengthens presence of Qatari companies in Saudi market The Peninsula14:49 10-Jul-25

GASTAT: Industrial Production Index rises by 1.5% in May Saudi Gazette14:14 10-Jul-25

Lulu launches new hypermarket in Jeddah Saudi Gazette20:05 9-Jul-25

Saudi energy minister: oil and gas will remain indispensable despite expansion of renewable energy Saudi Gazette18:54 9-Jul-25

Saudi Awwal Bank named best bank in Saudi Arabia for 2025 by Euromoney for financial performance and innovation Saudi Gazette15:29 9-Jul-25

SASO urges vehicle importers to verify compliance before shipping to Saudi Arabia Saudi Gazette15:21 9-Jul-25

Saudi Arabia begins $186 mn Jeddah logistics corridor project Fibre2fashion08:19 9-Jul-25

Jahez to acquire 76.6% stake in Qatar’s Snoonu Argaam07:05 9-Jul-25

Life in Saudi Arabia: Part 22 June 2025 North East Bylines06:18 9-Jul-25

In the last month

Saudi Govt Discusses Efforts to Bolster Global Economic Growth Asharq Al-Awsat23:42 8-Jul-25

Tihama extends JWT-Wunderman merger deadline to 2025-end Argaam15:07 8-Jul-25

Saudi Arabia’s Crude Oil Exports Jumped by 400,000 Bpd in April OilPrice.com15:03 8-Jul-25

XDS Datacentres signs 15-year deal to host 10MW of AI workloads in Saudi’s Desert Dragons facilities Saudi Gazette13:02 8-Jul-25

Profit at Saudi’s PIF dips to $6.9bn as assets, revenue rise Salaam Gateway22:18 7-Jul-25

Oil Gains on Saudi Price Hike Rigzone21:17 7-Jul-25

Moyasar unveils MPG: A landmark in Saudi Arabia’s digital payment evolution Saudi Gazette19:14 7-Jul-25

HONOR returns to Esports World Cup as Official Smartphone Partner for 2025 Saudi Gazette15:10 7-Jul-25

Saudi Awwal Bank signs on as mentor in the MEP Sustainability Champions Program Saudi Gazette13:49 7-Jul-25

stc group advances to “A” in MSCI ESG ratings, strengthening global sustainability position Saudi Gazette13:29 7-Jul-25

Russia invites Saudi Arabia to join development of standards for oil, gas equipment Interfax International10:23 7-Jul-25

OPEC+ agreed to increase crude oil production more than analysts expected, which w... UkrAgroConsult09:25 7-Jul-25

Saudi Arabia arrests 17,863 illegal residents in a week Gulf News02:55 7-Jul-25

Cenomi Retail says strategic investor to acquire up to 49.95% stake Argaam16:57 6-Jul-25

Is Saudi Arabia Falling Behind in the Crypto Race Without Unified GCC Regulations? DeFi Planet15:21 6-Jul-25

Egypt-BRICS trade rises in ’24 – CAPMAS Amwal Al Ghad14:37 6-Jul-25

Saudi Arabia’s Booming Tourism Fuels Hotel Bookings and Local Hiring Asharq Al-Awsat09:47 6-Jul-25

Oil market: Surprises with 548,000 bpd output hike in August; what analysts said The Times of India05:42 6-Jul-25

Saudi Arabia hits record 2.48 million in private jobs Gulf News11:05 5-Jul-25

Enhancing Capacity and Logistics Flow, Minister Al-Jasser Lays Foundation Stone for Logistics… PR Newswire (Press Release)17:08 4-Jul-25

OPEC+ Is Hunting for Market Share OilPrice.com15:46 4-Jul-25

Saudi Aramco Could Raise $4 Billion From Power Plant Sales OilPrice.com15:46 4-Jul-25

Saudi Arabia's path to transition, part 1: Energy diversification Petroleum Economist10:45 4-Jul-25

Prabowo Eyes Future Use of Saudi Arabia's Taibah Airport for Hajj Departures Tempo05:37 4-Jul-25

Global Tourism Surging Ahead of Economic Growth, With Visits to Hit 30 Billion by 2034 Business Wire (Press Release)00:02 4-Jul-25

Emerging Threats to Public Health Council on Foreign Relations17:37 3-Jul-25

A Gateway to Sustainable Gulf Renaissance Oman Observer17:33 3-Jul-25

Profiting From Pain: Pakistan’s Migrant Workers Deserve Rights, Not Just Remittances – OpEd Eurasia Review17:31 3-Jul-25

HR Ministry: Saudization instrumental in employing 2.5 million citizens in private sector Saudi Gazette15:59 3-Jul-25

Alkhorayef Commercial Company partners with XSQUARE Technologies to elevate logistics automation in Saudi Arabia Saudi Gazette14:02 3-Jul-25

Business conditions improve sharply as hiring growth surges in S. Arabia Gulf Today12:08 3-Jul-25

Saudi Arabia and Indonesia Ink $27 Billion Worth of Oil and Energy Deals OilPrice.com09:04 3-Jul-25

UAE’s Burjeel buys physiotherapy center in Saudi Arabia Argaam07:13 3-Jul-25

Israel-US plan $200m quantum fund with UAE, Saudi Arabia Globes15:46 2-Jul-25

Elm, One sign MoU to enhance strategic partnership and support local content in communications and marketing sector Saudi Gazette13:18 2-Jul-25

Saudi-Lebanese operation foils smuggling of five million amphetamine pills The National10:37 2-Jul-25

The global tourism market will grow to $15 trillion, with China spending the most on holidays UNN.ua10:05 2-Jul-25

Saudis Led Surge in OPEC Stalwarts' Oil Exports Last Month Rigzone08:51 2-Jul-25

Maaden finalizes takeover of Alcoa, AWA shares in affiliates Argaam06:59 2-Jul-25

Saudi Arabia raised crude exports in June, Kpler data shows Business Recorder, Pakistan17:25 1-Jul-25

Foreign Trade Authority leads Saudi negotiating team in second round of GCC-Japan FTA Talks Saudi Gazette15:51 1-Jul-25

Prabowo Jets Off to Saudi Arabia for Hajj, Investment Talks with MBS Jakarta Globe12:46 1-Jul-25

Trade unions take Saudi Arabia to UN labour body over exploitation and deaths of migrant workers North East Bylines11:55 1-Jul-25

WTI moves above $64.50 due to odds of Saudi Arabia raising August Oil prices for Asia FXstreet09:40 1-Jul-25

Saudi PIF’s Assets Surge to Over SAR4.3 Trillion in 2024, Driven by Strong Revenues and Strategic Growth Asharq Al-Awsat01:09 1-Jul-25

GAC OKs Almarai’s acquisition of Pure Beverages Argaam19:05 30-Jun-25

Saudi Pif reports 60% profit drop as inflation, low oil prices bite Al-Monitor17:18 30-Jun-25

Major Asian Importers Land More US, Saudi Crude Energy Intelligence15:23 30-Jun-25

Alkhaleej Training ends Adhwaa Al-Hedaya acquisition deal without agreement Argaam15:01 30-Jun-25

Saudi wealth fund net profit tumbles 60% in 2024 Yahoo! US14:08 30-Jun-25

Saudi non-oil growth forecast to slow in 2025 Middle East Economic Digest13:52 30-Jun-25

Saudi Arabia's unemployment drops to record low Gulf News12:34 30-Jun-25

Potential for Russian agricultural exports to Saudi Arabia estimated at $1.4 bln by 2030 - Agroexport Interfax International12:11 30-Jun-25

Saudi Arabia Boosts Appeal as Foreign Investment Inflows Surge 44% Asharq Al-Awsat09:12 30-Jun-25

Saudi Women Propel Unemployment to Record Lows Asharq Al-Awsat08:41 30-Jun-25

Saudi Riyal to PKR rate today – 30 June 2025 SAMAA06:25 30-Jun-25

Saudi Arabia arrests over 13,500 illegals in one week Gulf News03:14 30-Jun-25

Saudi Arabia imposes final anti-dumping duties on imports of steel pipes from China and Taiwan Saudi Gazette22:51 29-Jun-25

Italy-Saudi Arabia, meeting of civil defence officials Ansa17:36 29-Jun-25

AICTEC inks MoU to acquire stake in Signmax for SAR 3M Argaam14:35 29-Jun-25

Saudi Arabia's net foreign direct investment falls 7% in Q1 Gulf Today11:46 29-Jun-25

Saudi unemployment drops to record low of 6.3% in Q1 2025 Saudi Gazette10:48 29-Jun-25

Saudi Investors Explore Investment Opportunities in Mauritania and Morocco Asharq Al-Awsat00:30 29-Jun-25

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16 Jul 16:09

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About our Saudi Economy news

Latest news on Saudi Arabia's economy, with all the breaking news on the largest economy in the Middle East. Saudi Arabia is the world's leading oil exporter, making petroleum exports the backbone of its economy. The country possesses approximately 16% of the world's proven petroleum reserves and is also one of the world's largest producers of natural gas.

In recent years, Saudi Arabia has been working to diversify its economy, reduce its dependence on oil revenues, and create more employment opportunities for its rapidly growing population. The service sector, including banking and finance, tourism, and retail, is a major contributor to the Saudi Arabian economy, accounting for around 50% of the country's GDP.

Saudi Arabia is a member of the Gulf Cooperation Council (GCC) and the World Trade Organization (WTO). It has a well-developed infrastructure, including a modern transportation system, telecommunications network, and energy infrastructure. The country's currency is the Saudi riyal (SAR), and the central bank is the Saudi Arabian Monetary Authority (SAMA).

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