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Saudi Real GDP Surges 5% in Q3 2025

GASTAT released on Thursday its flash estimates for the Kingdom's real GDP for the third quarter of 2025
GASTAT released on Thursday its flash estimates for the Kingdom's real GDP for the third quarter of 2025
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Saudi Real GDP Surges 5% in Q3 2025

GASTAT released on Thursday its flash estimates for the Kingdom's real GDP for the third quarter of 2025
GASTAT released on Thursday its flash estimates for the Kingdom's real GDP for the third quarter of 2025

Saudi Arabia’s General Authority for Statistics (GASTAT) released on Thursday its flash estimates for the Kingdom's real GDP for the third quarter of 2025, showing robust expansion.

Real GDP grew by 5.0%, compared to the same period last year, as oil activities grew by 8.2%, non-oil activities by 4.5%, and government activities by 1.8%, GASTAT said.

Seasonally adjusted real GDP grew by 1.4% compared to the second quarter of 2025, as oil activities grew by 3.1%, non-oil activities by 0.6%, and government activities by 0.7%.

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Business

Gold, Silver Hit Records After US Probe Targets Fed

FILE - An employee of Pro Aurum gold house lifts 1 Kg silver bars of 999.9 purity besides 1 Kg gold bars in the safe deposit boxes room in Munich, Germany, Friday, April 25, 2025. (AP Photo/Matthias Schrader, File)
FILE - An employee of Pro Aurum gold house lifts 1 Kg silver bars of 999.9 purity besides 1 Kg gold bars in the safe deposit boxes room in Munich, Germany, Friday, April 25, 2025. (AP Photo/Matthias Schrader, File)
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Gold, Silver Hit Records After US Probe Targets Fed

FILE - An employee of Pro Aurum gold house lifts 1 Kg silver bars of 999.9 purity besides 1 Kg gold bars in the safe deposit boxes room in Munich, Germany, Friday, April 25, 2025. (AP Photo/Matthias Schrader, File)
FILE - An employee of Pro Aurum gold house lifts 1 Kg silver bars of 999.9 purity besides 1 Kg gold bars in the safe deposit boxes room in Munich, Germany, Friday, April 25, 2025. (AP Photo/Matthias Schrader, File)

Gold and silver surged to record highs after the US Justice Department targeted the Federal Reserve in an investigation, fueling fears over the bank's independence and raising demand for safe haven assets.

Gold vaulted toward $4,600 an ounce and silver approached $85 for the first time after Fed chair Jerome Powell warned a potential criminal indictment is part of President Donald Trump's pressure campaign on monetary policy decisions.

Business

Saudi Arabia, Japan Sign Memorandum on Peaceful Use of Space

The Saudi Space Agency signed a memorandum of cooperation with the Japanese government on the peaceful use of outer space. (SPA)
The Saudi Space Agency signed a memorandum of cooperation with the Japanese government on the peaceful use of outer space. (SPA)
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Saudi Arabia, Japan Sign Memorandum on Peaceful Use of Space

The Saudi Space Agency signed a memorandum of cooperation with the Japanese government on the peaceful use of outer space. (SPA)
The Saudi Space Agency signed a memorandum of cooperation with the Japanese government on the peaceful use of outer space. (SPA)

The Saudi Space Agency signed a memorandum of cooperation with the Japanese government on the peaceful use of outer space on the sidelines of the Saudi-Japan Ministerial Investment Forum.

The memorandum was signed with Japan’s Cabinet Office, the Ministry of Education, Culture, Sports, Science and Technology, and the Ministry of Economy, Trade and Industry, the Saudi Press Agency reported on Monday.

Minister of Communications and Information Technology and Chairman of the Board of the Saudi Space Agency Abdullah Alswaha represented the agency during the signing.

The move underscores the Kingdom’s commitment to enhancing international cooperation in peaceful space activities and supporting strategic partnerships in the sector. It aims to establish a framework for cooperation in space science and technology, capacity building, and the exchange of expertise, contributing to the development of the space sector and promoting the peaceful uses of outer space.

The Saudi Space Agency affirmed that the agreement builds on the Kingdom’s ongoing efforts to strengthen international partnerships in the space sector and to play an active role in shaping a global space ecosystem that supports research and innovation and serves humanity.

Business

Saudi-Canadian Business Forum Explores Opportunities to Strengthen Investment

The Saudi-Canadian Business and Investment Forum was held on Sunday. (SPA)
The Saudi-Canadian Business and Investment Forum was held on Sunday. (SPA)
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Saudi-Canadian Business Forum Explores Opportunities to Strengthen Investment

The Saudi-Canadian Business and Investment Forum was held on Sunday. (SPA)
The Saudi-Canadian Business and Investment Forum was held on Sunday. (SPA)

The Saudi-Canadian Business and Investment Forum was held on Sunday in Riyadh under the “Invest Saudi” umbrella, with the participation of Minister of Investment Eng. Khalid Al-Falih, Canadian Minister of International Trade Maninder Sidhu, and several senior officials and representatives from major companies in both countries.

The forum reviewed prospects for investment partnerships across a number of key sectors, including digital transformation, infrastructure, defense, and other areas of mutual interest, with a focus on strengthening cooperation and increasing investment flows between Saudi and Canadian companies, the Saudi Press Agency reported.

Six memoranda of understanding were signed during the forum in the fields of communications, information technology, cybersecurity, education, and manufacturing. In addition, private-sector workshops were held to facilitate dialogue between investors, exchange expertise, and explore opportunities for joint ventures and long-term cooperation.