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09/12/2024 15:18 AST
Saudi Arabia's top council on economic affairs reviewed a number of reports during a virtual meeting held on Wednesday, the Saudi Press Agency reported. The Council of Economic and Development Affairs studied a financial report for the second quarter of 2024 in a presentation by the Ministry of Economy and Planning. The report included an analysis of the global economy, financial markets, and updates on the nation's fiscal situation and its key indicators. There was a 4.9% year-on-year growth in the non-oil sector during Q2 and a stabilization of general inflation rates at 1.5% in July. The report indicated the strength of Saudi Arabia's economy and the effectiveness of the measure taken to deal with global economic changes. The ministry's presentation also touched on future projects for the national economy and important reports from international and local bodies related to it. The members also reviewed a presentation by the council's own Strategic Management Office on the Saudi Vision report for Q1 of 2024. The report highlighted the key achievements of the Vision's programs, strategic goals, and evaluation of their performance. The Vision report noted that 2024 had begun with significant progress across all three pillars of the program, namely, a vibrant society, a thriving economy, and an ambitious nation. The council also reviewed the Saudi Public Investment Fund's annual report for 2023, traffic safety report for 2023, and a report on the social support subsidy system.
Arab News
06/02/2025
Nearly 30 per cent of those who took mortgages last year in Dubai decided to become homeowners after receiving rental eviction notices from their landlords, a new report has found. Instead of looking
Khaleej Times
05/02/2025
Gulf Cooperation Council retailers faced increasing pressure to stand out as competition in the region's retail sector intensifies, according to a recent report. US-based management consulting firm
Arab News
09/12/2024
Saudi Arabia's point-of-sale transactions dipped in the first week of September, dropping by 4.9 percent from the previous week to reach SR13.3 billion ($3.5 billion), with the education sector leadi
Arab News
15/09/2024
RIYADH: Three employees of the Zakat, Tax, and Customs Authority at the King Abdullah Port in Rabigh have been arrested after receiving bribes from six residents.
The bribes amounted to SR2,
Arab News
14/09/2024
Saudi Arabia's annual inflation rate reached 1.6 percent in August compared to the same month last year, driven by higher housing costs, official data showed.
According to the General Autho
Arab News
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