SARHKD SAR/HKD
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- +0.0029+0.14%
SAR/HKD News
Saudi Arabia's Quarterly GDP Up 0.8% in Q3, Flash Data Shows
Tadawul Shares in Green; Saudi's Annual Inflation Rate Edges Up
Saudi Arabia Apparently Intends to Increase Oil Production – Commerzbank
Saudi Wants to Walk It Alone [Video]
Saudi Arabia's Trade Surplus Declines in July
Saudi Arabia's Annual Industrial Output Rises 1.6% in July
Saudi Arabia's Final Quarterly GDP Growth Confirmed at 1.4% in Q2
PMI: Saudi Arabia's Non-oil Private Sector Expansion Speeds Up in August
Saudi's M3 Money Supply Falls in July
Saudi Arabia's Annual Wholesale Prices Rise 3.1% in July
Saudi Arabia's Annual Inflation Rate Steady at 1.5% in July
PMI: Saudi Arabia's Non-oil Private Sector Expansion Further Slows in July
Saudi Arabia Logs Growth in Q1 Foreign Direct Investments
Saudi Arabia's Trade Surplus Climbs in April
Another example of Saudi Arabia's active economy: Q1 total fixed capital formation increased by 7.9%.
According to the latest data, the total amount of fixed capital formation (GFCF) in Saudi Arabia surged to SAR 317.5 billion (USD 84.7 billion) in the first quarter of 2024, with a year-on-year growth of 7.9%. The efforts made by Saudi Arabia to attract foreign direct investment (FDI) and strengthen bilateral relations have greatly promoted the country's economic development.
Behind the extension of OPEC+ production cuts: Saudi financial crisis triggers new trends in oil prices.
OPEC+ announced an agreement last weekend to extend production cuts until 2025, while planning to gradually increase oil supply from October. It is expected that daily production will increase by about 1.8 million barrels by mid-2025.
Saudi Aramco oversubscribed for more than 10 billion US dollars of shares within a few hours, ushered in a turning point for the Saudi economy?
① The Saudi Stock Exchange announced on Sunday that Saudi Aramco has initiated a second stock offering, selling a total of 1,545 billion Saudi Aramco shares; ② Saudi Aramco's current stock placement plans to raise about 12 billion US dollars for the Saudi government; ③ This is a critical moment for the Saudi economy, and its “Vision 2030” plan is at a bottleneck.
World Bank: As oil production recovers, the economic growth rate of the Gulf countries will increase to 4.7% in 2025
① The latest report released by the World Bank revised the economic growth forecast for the Gulf region to 4.7%, which is significantly higher than the previous forecast of 3.8%; ② The region's bright prospects can be attributed not only to the expected recovery in oil production, but also to the strong momentum of the non-oil economy.
Saudi Aramco launches another $12 billion stock offering to help Saudi Arabia's economic transformation soar
It is expected to bring Saudi Aramco up to $12 billion to support its ambitious economic transformation plans.
Saudi Arabia's Annual Industrial Output Falls 8.7% in March