The good news is that MBS’s reforms are popular in the Kingdom. Some 90% of all Saudis approve of Vision 2030, with the ...

Saudi Arabia may be trying to reduce its reliance on oil revenues as part of its Vision 2030 plan for a diversified economy, but it's clear that crude still calls the shots for the world's top ...

This marks a sharp contrast to 2022, when Saudi Arabia was the G20 group's best performing economy, boosted by an oil price windfall, which allowed it to achieve growth of 8.7% and its first ...

For the first time, non-oil activities now account for 50 percent of Saudi Arabia’s GDP The program has helped drive local employment, providing jobs for over 113,000 Saudi men and women ...

Earlier this month, the International Monetary Fund cut the forecast for Saudi Arabia's GDP growth in 2025 to 3% versus a January estimate of a 3.3% increase.

Saudi Gazette reportRIYADH — Saudi Arabia’s digital economy accounted for 15.6% of the Kingdom’s gross domestic product (GDP) in 2023, reflecting a 1.6% increase compared to 2022, according ...

Saudi Arabia’s current account balance recovered to a surplus of $151.5 billion in 2022 from a deficit of $25.5 billion in pandemic-affected 2020, but is forecast to fall again into negative ...

Saudi Arabia’s Minister of Economy and Planning, Faisal Alibrahim Regarding the five Sustainable Development Goals (SDGs) in focus at this year’s High-Level Political Forum meeting, Alibrahim said of ...

Saudi Arabia's economy grew by 8.8% in the third quarter of 2022 compared to the same period a year earlier, mainly due to a sharp increase in oil-related activity, according to official estimates ...

Saudi Arabia's fourth-quarter real GDP fell 3.7% year-on-year, according to flash estimates published by the General Authority for Statistics on Wednesday. That's a smaller drop than the 4.4% year ...

Saudi Arabia's non-oil gross domestic product (GDP) is expected to grow by around 6% this year, the kingdom's finance minister said on Wednesday, adding he expected it would continue to be healthy.