Shujaa al-Baqmi
Business 131 Saudi Companies Achieve $22 Mn Profits in 9 Months

131 Saudi Companies Achieve $22 Mn Profits in 9 Months

The financial results of the first nine months of 2018 for 131 Saudi companies, which are listed in the local stock market, were announced on Friday. The…

Shujaa al-Baqmi (Riyadh)
Business Saudi Revenues Grow 57% during Q3 2018

Saudi Revenues Grow 57% during Q3 2018

Saudi Arabia's government revenues hit SAR223.26 billion (USD59.5 billion) for the third quarter — an increase of 57 percent compared to the same period last…

Shujaa al-Baqmi (Riyadh)
Business Saudi Govt. Spending Increases 25% at End of Third Quarter

Saudi Govt. Spending Increases 25% at End of Third Quarter

In a new sign that confirms the strength and vitality of the Saudi economy, non-oil revenues jumped 48 percent by the end of the third quarter of 2018 compared…

Shujaa al-Baqmi (Riyadh)
Business Saudi POS Transactions up 28% in September

Saudi POS Transactions up 28% in September

Point-of-sale (POS) transactions in Saudi Arabia rose 28 percent to SAR19.3 billion (USD5.1 billion) in September from SAR15.1 billion (USD4 billion) a year…

Shujaa al-Baqmi (Riyadh)
Business Saudi Arabia Gives Foreigners Opportunity to Invest in 4 New Sectors

Saudi Arabia Gives Foreigners Opportunity to Invest in 4 New Sectors

Saudi Arabia decided to allow foreign investors to invest in several new sectors, including recruitment offices, audiovisual services, land transport, and real…

Shujaa al-Baqmi (Riyadh)
Business SABB, Alawwal Agree Merger to Create Third Largest Bank in Saudi Arabia

SABB, Alawwal Agree Merger to Create Third Largest Bank in Saudi Arabia

The Saudi British Bank (SABB) and Alawwal Bank have approved a merger agreement, they said in a joint statement. The merger will create the Kingdom’s third…

Shujaa al-Baqmi (Riyadh)
Business Saudi Stocks Resume Trade Activity, Jump 137 Pts

Saudi Stocks Resume Trade Activity, Jump 137 Pts

Saudi stock market gains jumped on Tuesday with trade activity resuming after a two-day holiday celebrating the Kingdom’s 88th National Day. Jumping 137…

Shujaa al-Baqmi (Riyadh)
Business Saudi Finance Minister: Economic Indicators Have Shown Positive Reforms

Saudi Finance Minister: Economic Indicators Have Shown Positive Reforms

Saudi Finance Minister Mohammed bin Abdullah Al-Jadaan said in a speech on the occasion of the 88th anniversary of the Saudi National Day that the positive…

Shujaa al-Baqmi (Riyadh)