Saudi Arabia ready to mine the future as it looks beyond oil

The oil giant has access to vast mineral resources, occupies a strategic geographical position and is hoping to establish an investment-friendly environment as it continues its path of economic ... Read More

Non-oil economy drives growth as Saudi GDP rises 2.8%

Followed by finance and construction Oil GDP edges up 0.05% in Q3 Saudi Arabia has reported a 2.8 percent increase in real GDP for the third quarter of 2024, with non-oil activities driving the ... Read More

Neom is a '50-plus-year plan,' says Saudi Arabia's finance minister

Saudi Arabia's finance ... The Saudi economy has contracted in recent years as the changes take place and global oil prices have declined. In 2022, Saudi Arabia was the fastest-growing G20 economy ... Read More

Saudi Arabia Cuts Spending to Reform Economy Amid Lower Oil

Saudi Arabia outlined plans ... to progress a trillion-dollar economic transformation plan. Expenditure will fall to 1.285 trillion riyals ($342 billion), the Finance Ministry said on Tuesday ... Read More

Saudi Arabia threatens to destabilize Russian economy

Saudi Arabia could plunge the Russian economy into crisis by flooding the oil market and sending oil prices crashing. According to Business Insider , the kingdom has suggested that crude prices ... Read More

Saudi Arabia courts growing number of foreign investors

Saudi Arabia has been courting a growing number of foreign investors, offering abundant opportunities for the Gulf’s largest economy and complicating its diplomatic allegiances. French President ... Read More

Saudi Arabia Cuts Spending to Reform Economy Amid Lower Oil

(Bloomberg) -- Saudi Arabia outlined plans ... a decline in the level of crude, Finance Minister Mohammed Al-Jadaan told reporters. “The Saudi economy has reached a stage where oil market ... Read More