French renewable energy companies are about to invest in Saudi Arabia

The Saudi Minister of Investment, Khalid Al-Falih, said in an interview with Al-Arabiya that there are several tracks for French investment in the Kingdom, including the energy and petrochemical sectors, which is an existing field in Saudi Arabia. He added that the French company Total has one of the largest industrial investment projects in the … Read more

Al-Gosaibi Group expects to restore its activities and return to the debt market

The Algosaibi family keeps most of its operating business as part of a deal with creditors and will eventually look to win it back by returning to the credit market, according to Simon Charlton, the Saudi conglomerate’s chief restructuring officer. “It’s clear that we need to restructuring procedureThere are many steps we need to take … Read more

This is the best selling car in Saudi Arabia

The National Center for Industrial Development, in its semi-annual report for the year 2021, expected the sales of the automotive sector in the Kingdom of Saudi Arabia, a growth car sales By 24% over the next five years in the Kingdom, and by 36% at the level of the Gulf Cooperation Council countries. The center … Read more

Saudi Arabia.. A significant drop in education and housing prices brings inflation close to zero

The data of the Saudi General Authority for Statistics showed indicators that reflected the significant decline in education and housing prices in Saudi Arabia, which pushed inflation rates to near zero in August. Contrary to the trends (Inflation rateGlobally, the consumer price index in Saudi Arabia slowed down in August to 0.3% on an annual … Read more

A new expansion in the non-oil Saudi economy at the beginning of the third quarter

The latest data from the Purchasing Managers’ Index (PMI) indicated a new expansion in the non-oil Saudi economy at the beginning of the third quarter of this year, after production witnessed a sharp growth, supported by a strong increase in new business flows. However, the PMI report, released today, stated that employment levels rose only … Read more

A new expansion in the non-oil Saudi economy at the beginning of the third quarter

The latest data from the Purchasing Managers’ Index (PMI) indicated a new expansion in the non-oil Saudi economy at the beginning of the third quarter of this year, after production witnessed a sharp growth, supported by a strong increase in new business flows. However, the PMI report, released today, stated that employment levels rose only … Read more

Saudi net foreign assets increased by 34 billion riyals in June

Saudi Arabia’s net foreign assets rose 2% in June, rebounding slightly from their lowest level in more than a decade, supported by higher oil prices. Worship Total reserve assets in the central bank At a value of 34 billion riyals last month, according to the monthly report of the Central Bank issued on Saturday. Net … Read more

International Monetary Fund: Saudi Arabia’s economy is recovering well

The International Monetary Fund says that the Saudi economy is recovering well, and production is supposed to remain in line with the OPEC + agreement, and public investments will compensate for the negative impact on growth. The Kingdom’s non-oil economy grows by 4.3% The International Monetary Fund confirmed, on Thursday, that “the Saudi economy is … Read more