Mohammed al-Mutairi
Business Saudi Stock Market (Tadawul) (AFP)

How Will Gulf Stock Markets Perform this Summer?

Financial analysts and market experts predict a downturn for Gulf stock markets this summer. They foresee lower stock values, reduced trading volumes, sectoral…

Mohammed al-Mutairi (Riyadh)
Business The Al-Qasr project, one of the projects of Dar Al Arkan Real Estate Development Company in Riyadh (Reuters)

Saudi Real Estate Activities Record Deals Worth $170Bn Since Beginning of 2024

Real estate activities in Saudi Arabia continued to grow since the beginning of 2024, recording more than 280,000 transactions worth more than $170 billion …

Mohammed al-Mutairi (Riyadh)
Business Saudi Crown Prince Mohammed bin Salman holds a video call with Japanese Prime Minister Fumio Kishida on the sidelines of the Saudi Arabia-Japan Vision 2030 Forum. (SPA)

Saudi Crown Prince Emphasizes Kingdom’s Commitment to Stable Oil Supplies to Japan

Prince Mohammed bin Salman, Crown Prince and Prime Minister of Saudi Arabia, underscored on Tuesday the Kingdom’s commitment to maintaining the supply of crude…

Mohammed al-Mutairi (Riyadh) Asharq Al Awsat (Tokyo)
Business One of the traders monitors the performance of stocks in the financial market (AFP)

Saudi Banks Profit from Rising Lending, Deposit Volumes

Financial analysts connect the 8.2% increase in net profits for Saudi banks in the first quarter of 2024 to strong lending, higher demand for loans, and…

Mohammed al-Mutairi (Riyadh)
Business A general view of Riyadh, Saudi Arabia. (Asharq Al-Awsat)

Riyadh’s Population Rise to 15 Million Helps Shift City towards Independent Economy

Real estate experts said that Riyadh’s goal to increase its population by about 15 million people in 2030 will contribute to its transformation into a city…

Mohammed al-Mutairi (Riyadh)
Business Tech companies will continue to see their profits grow thanks to their efforts to raise their operational efficiency. (SPA)

Digital Transformation, Technical Development Boost Profitability of Saudi Tech Firms in 2023

Financial analysts have linked the growth of net profits of Saudi application and technology services companies by 22 percent during 2023 with the Kingdom’s…

Mohammed al-Mutairi (Riyadh)
Business The real estate sector in Saudi Arabia is heading towards recovery. (Photo: SPA)

Expansion Plans, High Returns Raise Profits of Saudi Real Estate Companies

Experts said that the real estate sector in Saudi Arabia is heading towards recovery thanks to the implementation of expansion plans, improved operating…

Mohammed al-Mutairi (Riyadh)
Business SABIC recorded the highest loss among companies in the sector. (SABIC website)

Saudi Oil Companies Incur Losses in 2023 Due to Slow Global Demand, Falling Product Prices

Analysts said that the large losses recorded by oil companies listed on the Saudi Stock Exchange (Tadawul) were due to the slowdown in the global economy,…

Mohammed al-Mutairi (Riyadh)