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Saudi Arabia’s inflation rate hits 1.6% in August: GASTAT  graphic

Saudi Arabia’s inflation rate hits 1.6% in August: GASTAT 

  • Saudi inflation rate remains among the lowest in MENA, reflecting Kingdom’s proactive measures to stabilize economy
  • Kingdom’s Wholesale Price Index rose by 3.2% in August compared to the same month in 2023
By Nirmal Narayanan  ·
Oman’s Islamic banking assets surge 18%, reflecting broader GCC growth trends

Oman’s Islamic banking assets surge 18%, reflecting broader GCC growth trends

By MIGUEL HADCHITY  ·
Startup Wrap – MENA funding eases in August; recovery signs emerge in September 

Startup Wrap – MENA funding eases in August; recovery signs emerge in September 

By Nour El-Shaeri  ·
Saudi Arabia launches strategy to boost market transparency, foreign investment

Saudi Arabia launches strategy to boost market transparency, foreign investment

By MANAL AL-BARAKATI ·
Standard & Poor’s affirms Kingdom’s ‘A/A-1’ credit rating, outlook revised to ‘Positive’

Standard & Poor’s affirms Kingdom’s ‘A/A-1’ credit rating, outlook revised to ‘Positive’

By Arab News ·
EEC’s capital optimization plan to shore up financial position and sustain growth: CEO

EEC’s capital optimization plan to shore up financial position and sustain growth: CEO

By SYED AMEEN KADER ·
Saudi Arabia’s bold recycling plan will see it become a world-leader, experts believe

Saudi Arabia’s bold recycling plan will see it become a world-leader, experts believe

By REEM WALID  ·
Startup Of the Week
Startup Wrap – MENA funding eases in August; recovery signs emerge in September 
Startup Wrap – MENA funding eases in August; recovery signs emerge in September 
Startup of the Week – US-based SambaNova sets sights on Saudi market
Startup of the Week – US-based SambaNova sets sights on Saudi market
Startup Wrap – Saudi startup ecosystem leads regional funding activity
Startup Wrap – Saudi startup ecosystem leads regional funding activity
US firm Alcoa offloads stake in Ma’aden joint ventures for $150m

US firm Alcoa offloads stake in Ma’aden joint ventures for $150m

By Reem Walid ·
Closing Bell: Saudi main index climbs to 11,900

Closing Bell: Saudi main index climbs to 11,900

By REEM WALID  ·
Nestle to build its first Saudi manufacturing plant in Jeddah 

Nestle to build its first Saudi manufacturing plant in Jeddah 

By MOHAMMED AL-KINANI ·
Startup of the Week – US-based SambaNova sets sights on Saudi market

Startup of the Week – US-based SambaNova sets sights on Saudi market

By Nour El-Shaeri ·
Saudi banks’ aggregate profit reaches an all-time high of $2.1bn; loans hit $744.4bn

Saudi banks’ aggregate profit reaches an all-time high of $2.1bn; loans hit $744.4bn

By Dayan Abou Tine ·
MENA private equity deals reach $5.9bn in H1, despite challenging conditions: PitchBook 

MENA private equity deals reach $5.9bn in H1, despite challenging conditions: PitchBook 

By Nour El-Shaeri  ·

Insight

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Latest updates

US firm Alcoa offloads stake in Ma’aden joint ventures for $150m
US firm Alcoa offloads stake in Ma’aden joint ventures for $150m
Closing Bell: Saudi main index climbs to 11,900
Closing Bell: Saudi main index climbs to 11,900
Nestle to build its first Saudi manufacturing plant in Jeddah 
Nestle to build its first Saudi manufacturing plant in Jeddah 
Saudi Arabia launches strategy to boost market transparency, foreign investment
Saudi Arabia launches strategy to boost market transparency, foreign investment
Oman’s Islamic banking assets surge 18%, reflecting broader GCC growth trends
Oman’s Islamic banking assets surge 18%, reflecting broader GCC growth trends

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