Mohammed al-Mutairi

Mohammed al-Mutairi
Business Saudi Arabia allocated a sum of 7.8 billion dollars to host the global fair (AFP)

Expo 2030 to Boost Vital Sectors in Saudi Arabia

Economic analysts anticipate that Riyadh’s successful bid to host the Expo 2030 world fair will catalyze a significant boost in Saudi Arabia’s economy,…

Mohammed al-Mutairi (Riyadh)
Business Saudi Exchange (Tadawul) announced that Single Stock Options (SSOs) contracts will be available to trade as of Monday. (SPA)

Single Stock Options Contracts Help in Developing Saudi Market, Attracting Investors

The Saudi Exchange (Tadawul) launched on Monday single stock options (SSOs) contracts, the newest offering in its derivatives market. The new offerings…

Mohammed al-Mutairi (Riyadh)
Business The profits of real estate sector companies in Saudi Arabia jumped by 153 percent during the first nine months of 2023. (SPA)

Saudi Real Estate Profits Jump 153% at End of 3rd Quarter

The profits of real estate sector companies in Saudi Arabia jumped by 153 percent during the first nine months of 2023, compared to the same period last year,…

Mohammed al-Mutairi (Riyadh)
Business The agreement is evidence of the strength of the Saudi economy and its importance on the global economic map (Reuters)

Saudi-China Currency Swap Deal Strengthens Bilateral Trade Exchange

The Saudi Central Bank and its Chinese counterpart, the People’s Bank of China, have announced the signing of a currency swap agreement totaling 50 billion…

Mohammed al-Mutairi (Riyadh)
Business An investor walks past the logo of the Saudi Stock Exchange (Tadawul) in Riyadh. (AFP)

Rising Subscriptions, Digital Banking Boost Saudi Telecom Profits in Q3

Telecommunications companies listed on the Saudi stock market (Tadawul) achieved a 43% growth in their quarterly profits during Q3 of 2023, reaching SAR 5.7…

Mohammed al-Mutairi (Riyadh)
Business Saudi banks register high profitability in the third quarter of 2023. (SPA)

Deposits, Loans Raise Saudi Banks’ Profits in 3rd Quarter

Saudi banks achieved SAR 18 billion ($4.8 billion) in profits at the end of the third quarter of 2023 - the highest quarterly profits in their history - due to…

Mohammed al-Mutairi (Riyadh)
Business Traders in one of the Saudi stock exchange halls (SPA)

Anticipated Surge in Saudi Corporate Profits

The anticipated rise in profits of companies listed on the Saudi financial market in the banking, communications, and healthcare sectors during Q3 of 2023 can…

Mohammed al-Mutairi (Riyadh)
Business An aerial view of the Saudi capital, Riyadh (Reuters)

Saudi Real Estate Market Deals Confirm Solidity despite Surrounding Factors

The Saudi real estate market recorded deals worth more than 214 billion riyals ($57 billion) during the first nine months of this year, according to real…

Mohammed al-Mutairi (Riyadh)