The Agricultural Development Fund (ADF) restructured 1,183 non-performing loans (NPLs) worth SAR 604 million for investors and farmers in 2023. According to its annual report, the fund stated that it collected loans worth SAR 3.44 billion during the fiscal year 2023. The total...
The total number of e-commerce registers increased by 17% to 38,850 in Q1 2024, from 33.070 in the year-earlier period, the Ministry of Commerce said in its quarterly business sector bulletin. The total number of commercial registers reached 104,000 in the first quarter of the...
The Communications, Space and Technology Commission (CST) is working to inventory and evaluate communications services for projects and facilities, the authority said in a circular to the Saudi chambers. While taking into account the current situation, a survey was prepared in this ...
The Ministry of Commerce stated that the number of commercial registers for fast-food sector in Saudi Arabia increased by 17% year-on-year (YoY) to 44,800 by the end of 2023, Al Eqtisadiah newspaper reported. Riyadh dominated the largest number of registers reaching 13,644. It was...
The Organization of the Petroleum Exporting Countries (OPEC) continues to expect oil demand to grow by 2.2 million barrels a day (bpd) in 2024 and by 1.8 million bpd in 2025, unchanged from its previous estimates. Meanwhile, the organization lowered its expectation for non-OPEC...
Saudi Arabian Oil Co. (Saudi Aramco) stated that it intends to disclose its Q1 2024 financials before the start of trading on the Saudi Exchange (Tadawul) on May 7. In a statement, the oil giant added that it will also discuss the three-month results in an audio webcast at 3:30 pm...
The Riyadh Region Municipality invited qualified contracting companies with distinguished competence in the fields of implementing and developing roads, to submit their qualification applications. In a statement, the municipality stated that the applications will be submitted via...
The Small & Medium Enterprises General Authority (Monsha'at) said that Tomoh Program supported 21 companies to list shares on Nomu-Parallel Market since its launch in June 2020 until the end of the first quarter of 2024, Al-Eqtisadiah newspaper reported. The program relies ...
Saudi Arabia has become the preferred gateway for Chinese companies to enter the Middle East and GCC markets, Al Eqtisadiah newspaper reported, citing Chinese Ambassador to Saudi Arabia Chen Weiqing. Chinese and Saudi economies are highly integrated and have enormous potential for...
The Saudi ports reported a 12.48% increase in the number of inbound containers to 265,148 TEUs in March, compared to 235,738 TEUs in the same month last year. In a statement, the Saudi Ports Authority (MAWANI) said that outbound containers also rose by...