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  • Saudi Arabia’s non-oil economy grows 4.9% in Q2: GASTAT

    According to data from the General Authority for Statistics (GASTAT), and published by Arab News, the financial, insurance, and business services sectors surged 7.1 percent in the second quarter compared to the same period last year.

  • Hitting the beat: Why Anderson .Paak filmed ‘K-Pops!’ in Saudi Arabia’s AlUla

    Produced by US outfit Stampede Ventures with backing from Live Nation Productions, the comedy- drama project spent three days shooting in Saudi Arabia’s AlUla region in May 2024, taking advantage of the country’s attractive financial incentives, striking locations and increasingly skilled local crews.

  • Saudi Arabia executes three citizens for inciting terrorism

    According to the ministry, the three nationals were accused of “providing support to terrorist entities, communicating with them, adopting a terrorist approach that permits the shedding of blood, money, and honor, and inciting people to carry out terrorist acts with the aim of undermining the security and stability of society.

  • Saudi GDP declines by 0.3% in Q2 2024

    Saudi Arabia’s real GDP declined by 0.3% in the second quarter of 2024 compared to the same period in 2023, according to the General Authority for Statistics (GASTAT). Oil activities fell by 8.8% year-on-year (YoY), while non-oil activities increased by 4.9% YoY. Additionally, government activities grew by 3.8% YoY.

  • Saudi trades in US equities fall to $15.61B in Q2 2024

    Saudi investors executed sell and buy transactions on US equities of SAR 58.6 billion through capital market institutions in Q2 2024, a year-on-year (YoY) fall of about SAR 1.25 billion, or 2%. Saudi trades in US stocks through capital market institutions recorded a 6% decline (SAR 3.75 billion) from SAR 62.3 billion in Q1 2024, the Capital Market Authority (CMA) said in a report.

  • Bahrain’s new corporation tax isn’t just about boosting revenues

    Bahrain has been facing fiscal pressure since 2010, when it recorded its first budget deficit of the new millennium. While it has used a wide range of tax instruments to improve its finances, most notably value-added tax, it has so far shunned a tax on business profits. Several factors contributed to this decision, most notably a concern that it might affect Bahrain’s reputation as an attractive destination for foreign direct investment.

  • UN rights chief urges states to challenge Israel over occupation

    The U.N. human rights chief said on Monday that ending the nearly year-long war in Gaza is a priority and he asked countries to act on what he called Israel's "blatant disregard" for international law in the occupied Palestinian territories. Nearly 41,000 Palestinians have been killed in Gaza, according to Gaza health officials, since Israel unleashed a military campaign in response to cross-border attacks by Hamas militants on Oct. 7, 2023 in which 1,200 people were killed and a further 250 taken hostage. The conflict has also fuelled a surge in violence in the Israeli-occupied West Bank.

  • Russia aims to tip US election to Trump, intel official says

    “RT has built and used networks of U.S. and other Western personalities to create and disseminate Russia-friendly narratives while trying to mask the content in authentic Americans’ free speech,” said the official with the Office of the Director of National Intelligence, who spoke to reporters on the condition of anonymity.

  • Ronaldo goals prove Saudi league quality – Neves

    And Ronaldo followed up his record-breaking 900th career goal against Croatia on Thursday by coming off the bench to score the decisive late goal against the Scots as Portugal began their Nations League Group A1 campaign with two 2-1 home wins. Asked about the 39-year-old's continued impact despite now playing in the Saudi Pro League, Neves told the Portugal FA website: "I invite those people to watch Saudi football."

  • Saudi Arabia exceeds Vision 2030 target of attracting 100 mln tourists: IMF report

    The Kingdom’s tourism revenues reached $36 billion in 2023, with net tourism income increasing by 38 percent. The sector’s direct and indirect contribution to GDP reached 11.5 percent in 2023, with expectations to grow to 16 percent by 2034, according to the report published on Wednesday.