Saudi Arabia

How fiscal policy, increased public spending are shaping GCC economic resilience in 2025

Total public spending in GCC countries is projected to reach $542.1 billion in 2025 

Addleshaw Goddard strengthens Middle East operations with new office in ADGM

The move marks a significant milestone in Addleshaw Goddard's strategic growth across the Middle East

Saudi Arabia closes June 2025 issuance of sukuk program at $627.8 million

The sukuk issuance was divided into five tranches, each with different maturities and sizes 

Non-oil activities in Saudi Arabia surge by 5.3 percent in 2024, reports GASTAT

Non-oil growth indicates positive trends across various economic sectors in Saudi Arabia for 2024

Saudi Arabia’s GACA, U.K. forge one-stop security deal to streamline procedures for passengers

Streamlining procedures eliminates re-screening, reducing wait times and optimizing airline scheduling efficiency 

Will green hydrogen become the future of GCC energy exports?

The GCC, with its abundant and low-cost solar energy resources, is set to become a leading producer of green hydrogen

Saudi Arabia’s PIF launches its first commercial paper program to enhance funding flexibility

The commercial paper program carries credit ratings of P-1 from Moody’s and F1+ from Fitch

Younger Saudi CEOs on the rise: Korn Ferry highlights leadership shift in new report

The analysis is based on publicly available data from CEO succession events among the top 100 publicly listed companies on the Tadawul exchange

Saudi Arabia welcomes 116 million tourists in 2024, achieves $75.7 billion in tourism spending

Inbound tourism spending totaled SAR168.5 billion, up 19 percent from the previous year

Saudi Arabia launches massive summer 2025 tourism campaign to attract global visitors

Saudi Arabia's “Color Your Summer” invites visitors to explore six key destinations that offer a seamless blend of nature, adventure, and culture

Saudi Arabia’s bank credit hits over $833 billion by April 2025 with 16.5 percent YoY growth

Quarterly growth of 5 percent indicates continued positive momentum in the banking sector for 2025.

Madinah’s tourism sector posts 18.7 percent growth as visitor numbers surge to 18 million

The growth in Madinah's tourism sector aligns with Saudi Arabia's broader strategy for attracting 150 million visitors by 2030