News
Expat remittances drop to SR12. 5 billion in February, lowest in 15 months
4+ hour, 43+ min ago (347+ words) RIYADH " Remittances of expatriates in the Kingdom recorded a decrease of two percent in February 2026, reaching SR12. 55 billion, compared to the same period in 2025. This is the lowest figure in 15 months, according to the latest data released by the Saudi Central…...
Jazan Municipality implements 28 development projects worth SR546 million in Farasan Islands
2+ day, 19+ hour ago (193+ words) FARASAN " Jazan Municipality has revealed 28 projects either completed or currently underway in the Farasan Islands, including hotels and residential and industrial sites, with a total cost of SR546 million. The completed projects include 19 municipal initiatives valued at SR398 million, while nine others…...
Saudi Industrial Production Index rises by 9% in February
3+ day, 5+ hour ago (591+ words) RIYADH " The Industrial Production Index in Saudi Arabia recorded an increase of 8. 9 percent during the month of February 2026 compared to the same month of the previous year. This was driven by growth in mining and quarrying, manufacturing, and water supply,…...
Saudi FDI net inflows surge 90% to SR48. 4 billion in Q4 2025
1+ week, 5+ day ago (141+ words) RIYADH " Saudi Arabia's foreign direct investment (FDI) net inflows surged 90% year-on-year in the fourth quarter of 2025, reaching SR48. 4 billion, according to data from the General Authority for Statsitics (GASTAT). The sharp increase was reflected on a quarterly basis, with net inflows…...
Saudi Arabia's exports of services jump 17% to SR 66 billion in 4 Q 2025
1+ week, 6+ day ago (690+ words) RIYADH " Saudi Arabia's total value of exports of services recorded an increase of 16. 8 percent, reaching SR 66. 1 billion during the fourth quarter of 2025, compared to SR56. 6 billion in the same period of 2024. According to the international trade statistics, released by the General…...
Oil rises above $115 and Asia shares slide as Iran war escalates
1+ week, 6+ day ago (466+ words) LONDON " Global oil prices jumped to their highest level in nearly two weeks on Monday morning while stocks fell sharply in Asian markets as the US-Israel war on Iran escalates on multiple fronts. The price of Brent crude rose by…...
Al-Falih: Saudi economy posts 80% growth since launch of Vision 2030
5+ mon, 3+ week ago (201+ words) Minister of Investment Khalid Al-Falih emphasized that the Saudi economy has recorded cumulative growth of 80 percent since the launch of Vision 2030, despite the fluctuations in oil prices during that period. Saudi Gazette report RIYADH " Minister of Investment Khalid Al-Falih emphasized…...
Saudi imports rise 5% to SR247. 7 billion in Q4 2025
3+ week, 40+ min ago (195+ words) RIYADH " Saudi Arabia's merchandise imports rose to approximately SR247. 7 billion in the fourth quarter of 2025, marking a 5% increase compared to the same period in 2024, according to data from the General Authority for Statistics. The increase represents the highest quarterly growth rate…...
S&P Global affirms Saudi Arabia's credit rating at A+ with a stable outlook
4+ week, 1+ day ago (558+ words) RIYADH " Credit rating agency S&P Global affirmed Saudi Arabia's credit rating at A+ with a stable outlook. According to its latest report, the affirmation with a stable outlook reflects the Kingdom's strong policy flexibility, including its ability to shift…...
Saudi Arabia's trade surplus exceeds SR22 billion in November 2025, posting 70% annual growth
1+ mon, 3+ week ago (285+ words) RIYADH " Saudi Arabia's trade balance recorded a surplus of SR22. 3 billion during November 2025, achieving an annual growth rate of 70. 2 percent. This records an increase of SR9. 2 billion compared to the same period in 2024, when the surplus reached SR 13. 1 billion, according to the…...