Saudi Arabia to record a budget surplus of $24bn in 2022

The government attaches great importance to enhancing the support and social protection system and accelerating the pace of strategic spending on Vision programs and major projects to support economic…

Saudi Arabia to record a budget surplus of $24b in 2022

The government attaches great importance to enhancing the support and social protection system and accelerating the pace of strategic spending on Vision programs and major projects to support economic…

Saudi budget surplus is calculated on $76 for brent price

Real GDP growth is forecasted to increase by nearly eight percent year-on-year in 2022 and 3.1 percent year-on-year in 2023, according to Al-Rajhi Capital.RIYADH: Based on the government budget figur…

Saudi Arabia sees fastest GDP growth in 10 years

And in September, the GCC central banks, including Saudi Arabia, raised their interest rates in alignment with the 75 basis points rise announced by the US Federal Reserve.The growth has led the Inter…

Germany OKs arms sales to Saudi Arabia

Germany OKs arms sales to Saudi Arabia

The reports emerged after German Chancellor Olaf Scholz returned from a trip to Saudi Arabia, the United Arab Emirates (UAE) and Qatar.New export licenses Robert Habeck, Germany economy minister and…

Saudi Arabia launches $10bn food security plan: Minister

Speaking at a meeting of G20 agriculture ministers in Indonesia, Abdulrahman Al-Fadhli said the Kingdom will continue its role in helping stabilize the global food production supply chain.RIYADH: Saud…