Saudi Arabia’s GDP contracted in the third quarter at a slower rate than the previous three months, suggesting a partial recovery from the worst impacts of the war, government figures released on Sunday show.
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Saudi Arabia's economy remains resilient despite the ongoing conflict in the Middle East, supported by strong financial buffers, a well-capitalized banking system and prudent economic policies, Saudi Central Bank (SAMA) Governor Ayman Al-Sayari said during…
The UAE’s non-oil private sector continued expanding in October, with new orders picking up and businesses raising selling prices at a record pace to pass on higher operating costs.
Saudi Arabia’s non-oil private sector expanded for a seventh consecutive month in October, with output growth accelerating, although input cost inflation reached its highest level since June.
The Saudi economy continues to benefit from the strength of its external position, supported by significant reserves and revenues from its oil and non-oil exports, despite the challenges imposed by the regional war on trade and tourism.
