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Read more about the article Saudi Arabia’s non-oil economy grows 4.9% in Q2: GASTAT

Saudi Arabia’s non-oil economy grows 4.9% in Q2: GASTAT

  • Post author:fred
  • Post published:September 11, 2024
  • Post category:Finance

Saudi Arabia’s non-oil activities expanded 4.9 percent year-on-year in the second quarter of 2024, driven by gains in the financial and insurance sectors, official data showed. According to data from…

Continue ReadingSaudi Arabia’s non-oil economy grows 4.9% in Q2: GASTAT
Read more about the article Saudi Arabia’s top banks see 17% earnings surge to $5.2bn in Q2

Saudi Arabia’s top banks see 17% earnings surge to $5.2bn in Q2

  • Post author:fred
  • Post published:August 31, 2024
  • Post category:Finance

Saudi Arabia’s top 10 listed banks saw an annual surge in earnings of 17 percent in the second quarter of 2024, to reach SR19.54 billion ($5.21 billion). According to data…

Continue ReadingSaudi Arabia’s top banks see 17% earnings surge to $5.2bn in Q2
Read more about the article 153,000 Saudis secure private sector jobs in first half of 2024

153,000 Saudis secure private sector jobs in first half of 2024

  • Post author:fred
  • Post published:August 31, 2024
  • Post category:Finance

Director General of the Human Resources Development Fund Turki bin Abdullah Al-Jawini said that the fund has assisted more than 153,000 Saudi men and women in securing employment in the…

Continue Reading153,000 Saudis secure private sector jobs in first half of 2024
Read more about the article Most Gulf markets rebound as Fed calms investor nerves

Most Gulf markets rebound as Fed calms investor nerves

  • Post author:fred
  • Post published:August 31, 2024
  • Post category:Finance

Most stock markets in the Gulf rebounded on Tuesday as comments from the Federal Reserve officials soothed investor nerves, following the previous session's global sell-off on fears of a possible…

Continue ReadingMost Gulf markets rebound as Fed calms investor nerves
Read more about the article Egypt posts 6.1% primary budget surplus for 2023/24

Egypt posts 6.1% primary budget surplus for 2023/24

  • Post author:fred
  • Post published:August 31, 2024
  • Post category:Finance

Egypt achieved a primary budget surplus of 6.1 percent in the fiscal year 2023/24, bolstered by a landmark sale of coastal land to the UAE, said the country’s finance minister.…

Continue ReadingEgypt posts 6.1% primary budget surplus for 2023/24
Read more about the article Saudi Aramco to pay record dividends despite dip in profits

Saudi Aramco to pay record dividends despite dip in profits

  • Post author:fred
  • Post published:August 31, 2024
  • Post category:Finance

Saudi Arabia’s state-owned oil company is on track to grow its dividends by 30% this year to a new high of $124bn (£98bn) despite reporting weaker profits in the last…

Continue ReadingSaudi Aramco to pay record dividends despite dip in profits
Read more about the article Aramco CEO expects demand growth in the second year

Aramco CEO expects demand growth in the second year

  • Post author:fred
  • Post published:August 31, 2024
  • Post category:Finance

Saudi Aramco Chief Executive Amin Nasser said on Tuesday he expected oil demand growth of between 1.6 and 2 million barrels per day (bpd) in the second half of this…

Continue ReadingAramco CEO expects demand growth in the second year
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