Economy page

Riyadh Development Company announced the termination of its memorandum of understanding with SALIC without an agreement. What impact will this have on plans to develop food markets and achieve food security in Saudi Arabia?

The Tadawul All Share Index (TASI) closed slightly lower, down 0.2%. Learn more about the performance of the Saudi market and the key factors influencing the largest stock exchange in the Middle East.

Investment Minister Khalid Al-Falih revealed that 40% of the Kingdom’s investments are directed towards the non-oil economy, emphasizing the role of the private sector and Vision 2030 in diversifying the national economy.

The Saudi Ministry of Commerce announced the issuance of 1,987 licenses for Ramadan discounts covering more than 5 million products, with the aim of supporting consumers and ensuring market stability.

Saudi Arabia is enhancing its Haramain High-Speed ​​Railway network with 20 new Talgo trains worth 1.3 billion euros, as part of its 2030 vision to develop infrastructure and serve pilgrims and Umrah performers.

Finance Minister Mohammed Al-Jadaan stressed that venture capital is key to the ability of advanced economies to overcome challenges, pointing to the role of Vision 2030 in promoting this sector.

The Saudi Minister of Transport announced a plan to raise local content in the transport and logistics sector to 70% by 2030, as part of the Kingdom’s Vision targets to strengthen the national economy.

The Saudi Ministry of Commerce announced the issuance of 1,987 licenses for the Ramadan sales season, covering more than 5 million products in traditional and online stores to support consumers.

An in-depth analysis of silver prices, reviewing factors supporting the rise such as industrial demand and structural deficits, versus analysts' warnings of a speculative bubble that could collapse.

Tourism Minister Ahmed Al-Khatib revealed investments worth 450 billion riyals in the tourism sector until 2030, in partnership between the Public Investment Fund and the private sector to support the Kingdom’s vision.