The increase in corporate lending comes amid a marked shift in banks’ exposure to the public sector over the past 12 months, according to Capital Economics. The share of commercial bank credit to the ...

Electronic payments accounted for 79 % of total retail payments in 2024, up from 70% in 2023, said the Saudi Central Bank (SAMA). Increasing e- ...

These innovative and advanced digital payment solutions align with the objectives of Saudi Vision 2030 to reduce reliance on cash and boost payment digitalization. SAMA will continue expanding payment ...

Rise from 2% to 2.3% Housing still biggest driver Food price rises add to hike Headline inflation in Saudi Arabia hit a 20-month high in March, the General Authority for Statistics has ...

The sector recorded a 16% year-on-year increase, driven by higher interest income and resilient lending activity.

Saudi Arabian coffee chain Barn’s has started work on an initial public offering in Riyadh as it seeks to expand its footprint in the Middle East.

The collapse of prices to four-year lows in early April are set to increase the country’s reliance on debt markets to service a widening budget deficit, and once again raise questions over the ...

The International Monetary Fund (IMF) has affirmed Saudi Arabia's leading position in the number of data centers among Gulf Cooperation Council (GCC) countries, reflecting the Kingdom’s significant ...

The International Monetary Fund (IMF) underscored Saudi Arabia's leading position in the number of data centers among Gulf ...

The amount of money circulating in the Saudi economy hit a historic high by the end of February 2025, reaching over SAR 3 ...

Stock markets in the Gulf ended higher on Thursday led by a strong surge in Saudi Arabia, a day after U.S. President Donald ...

Saudi Arabia needs oil at more than $90 a barrel to balance its budget. Goldman Sachs this week lowered its Brent crude price forecast for 2025 to $62 a barrel.