Saudi POS Spending Edges Up to $3.36bn as Digital Payments Hold Momentum
Weekly card and digital payment transactions remained above $3 billion, offering a useful snapshot of consumer demand and the Kingdom’s cashless economy transition.
Tag: Saudi Arabia
GCC Banks Post $16.8bn in Q1 Profit as Regional Credit Expands
Kamco Invest data shows Gulf banks remained profitable in the first quarter, supported by broad credit growth across diversification-linked sectors.
Saudi Non-Oil Activity Hits Four-Month High Despite Export Slump
Domestic demand and project approvals lifted Saudi Arabia’s non-oil PMI in June, but export weakness and cost pressure show that growth remains uneven.
Four Oil and Gas Tankers Turn Back From Hormuz After Vessel Attacks
The reversal of tankers near the Strait of Hormuz shows how quickly maritime security risk can affect energy flows, shipping insurance and Gulf supply-chain…
Gulf Markets Slip as Renewed Middle East Hostilities Test Investor Confidence
Regional equities weakened as shipping risk, oil volatility and renewed US-Iran confrontation pushed investors back into defensive positions.
CorpVidesh AI and the Next India–Middle East Capital Corridor
As Indian corporates look outward and the Middle East strengthens its role as a global financial bridge, CorpVidesh AI proposes an AI-assisted compliance rail…
Saudi Arabia Reaffirms Commitment to Regional Peace at Oslo Forum
A foreign ministry official said the Kingdom’s approach remained centred on dialogue, security and political solutions.
Saudi and Pakistani Foreign Ministers Review the Emerging US–Iran Deal
Prince Faisal bin Farhan and Ishaq Dar discussed regional developments and mediation efforts.
Saudi Climate Envoy Meets Germany’s Environment Minister in Berlin
The talks covered climate action, environmental protection and efforts to combat desertification.
Saudi Farmer Expands Mango Orchard to 1,700 Trees
A former teacher’s agricultural project in Al-Qunfudhah has grown into a diversified organic farm.