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- Saudi riyal symbol: strategic step toward global financial standing
- Bahrain All Share Index, Islamic Index close lower
- Oman's non-oil exports fall 16% in 2024; re-exports rise 15%
- Oman ranks 58th in 2025 Economic Freedom Index
- QCB foreign reserves grow 3.81% in February 2025
- Doha Bank announces exclusive benefits for NRIs on Visa Platinum Debit Card
- China-US trade war heats up with Beijing's tariffs to take effect
- Saudi Awwal Banks becomes first bank in Saudi Arabia to win Sustainability Program Award 2024 at Capital Markets Forum
- Qatar's international reserves climb 3.81% to $70.29bn in February
- Closing Bell: Tadawul rises on positive trading day, Nomu follows suit
09/03/2025 04:22 AST
The General Authority for Statistics (GASTAT) has released on Sunday the GDP and National Accounts Indicators Report for 2024, revealing a 1.3% growth in real GDP compared to 2023.
The expansion was driven by a 4.3% rise in non-oil activities and a 2.6% increase in government activities, while oil activities declined by 4.5%.
On a quarterly basis, real GDP grew by 4.5% in Q4 2024 compared to the same period in 2023, supported by growth across all economic sectors.
Non-oil activities expanded by 4.7%, oil activities by 3.4%, and government activities by 2.2% year-on-year.
Seasonally adjusted real GDP increased by 0.5% in Q4 2024 compared to Q3 2024, reflecting continued economic momentum.
The report highlighted that most economic sectors recorded positive growth in 2024, aligning with the objectives of Saudi Vision 2030 to foster a prosperous and diversified economy.
Saudi Gazette
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10/03/2025
Saudi Arabia's e-commerce sales using Mada cards surged 44.64 percent yearly in January, reaching SR20.87 billion ($5.56 billion), underscoring the Kingdom's accelerating shift toward digital payment
Arab News
10/03/2025
Saudi Arabia's unveiling of a new symbol for the riyal has been dubbed a "visionary maneuver" that will enhance the currency's global recognition, strengthen investor confidence, and signal a commitm
Arab News
09/03/2025
Oman's non-oil exports witnessed a significant year-on-year decline in 2024. This drop was primarily due to a reduction in shipments to key markets, including Saudi Arabia, India, and the United Stat
Muscat Daily
09/03/2025
Oman's economic freedom score has gone up from 62.9 to 65.4 making its economy the 58th freest in the 2025 Index of Economic Freedom.
The index - released by American think tank The Heritage
Muscat Daily
09/03/2025
The Qatar Central Bank (QCB) saw a 3.81 percent increase in its foreign currency reserves and liquidity, reaching QR255.916bn in February 2025, up from QR246.509bn in February 2024.
Accordin
The Peninsula
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia