Trends - Saudi Arabia GDP - Business Recorder

Saudi Arabia GDP

Saudi Arabia abandons pursuit of US defence treaty over Israel stalemate

RIYADH: Saudi Arabia has abandoned its pursuit of an ambitious defence treaty with Washington in return for...

Published 29 Nov, 2024 08:21pm

World

Saudi Arabia agrees metals deals worth over $9 billion

RIYADH: Saudi Arabia on Tuesday agreed nine investment deals in metals and mining worth more than 35 billion riyals...

Published 26 Nov, 2024 07:36pm

World

Saudi Arabia approves 2025 budget with total deficit of $26.9bn

RIYADH: Saudi Crown Prince Mohammed bin Salman on Tuesday approved the country’s budget for 2025, state media...

Published 26 Nov, 2024 07:28pm

World

Global financiers head to Riyadh investment bash in shadow of war

DUBAI: Global financiers are poised to flock to Saudi Arabia’s annual flagship investment conference next week as a...

Published 24 Oct, 2024 08:32pm

World

IMF lowers Saudi Arabia’s 2024 growth forecast to 1.5%

ABU DHABI: The International Monetary Fund further lowered its GDP growth forecast for Saudi Arabia for 2024 to 1.5%...

Published 22 Oct, 2024 07:06pm

Business & Finance

Oil-rich Saudi projects budget deficit through 2027

RIYADH: The Arab world’s biggest economy Saudi Arabia announced Monday it anticipates a budget deficit of 2.3...

Published 02 Oct, 2024 06:19am

World

Saudis agree $3.2bn deal to buy South Korean missile defence system

SEOUL: South Korean defence firm LIG Nex1 has won a $3.2 billion deal to export a mid-range surface-to-air missile...

Published 06 Feb, 2024 05:32pm

Markets

Saudi Arabia keeps Arab Light crude price to Asia unchanged in surprise move

SINGAPORE: Top oil exporter Saudi Arabia unexpectedly kept March price of its flagship Arab Light crude to Asia...

Published 06 Feb, 2024 10:53am

World

Saudi Arabia budget records surplus of $4.27bn in 2023

DUBAI: The Saudi Arabia 2023 budget recorded a surplus of 16 billion riyals ($4.27 billion) compared to the...

Published 05 Feb, 2024 06:17pm

World

South Korea, Saudi Arabia sign agreement on defence cooperation

SEOUL: South Korea and Saudi Arabia on Sunday signed a memorandum of understanding to expand defence cooperation,...

Published 05 Feb, 2024 12:07pm

World

IMF cuts Saudi Arabia’s 2024 GDP forecast amid lower oil production

DUBAI: The International Monetary Fund lowered its 2024 forecast for economic growth in Saudi Arabia to 2.7% on...

Published 30 Jan, 2024 06:29pm

Business & Finance

India plans to lower budget gap by at least 50 bps, raise capital spending as much as 20% in FY25

NEW DELHI: India is planning to lower its budget deficit by at least 50 basis points in 2024/25 from this year’s...

Published 11 Jan, 2024 10:44am

World

Saudi Arabia says focused on all kinds of energy, not just oil

RIYADH: Saudi Arabia is taking climate change issues seriously and has shifted its focus to all kinds of energy, not...

Published 10 Jan, 2024 03:21pm

Markets

Saudi Arabia allocates $182mn for mineral exploration incentives

RIYADH: Saudi Arabia has created a mineral exploration incentive programme with a budget of over $182 million, the...

Updated 10 Jan, 2024 03:18pm

Pakistan

Pakistan’s remittances clock in at $2.4bn in December, up 5.4% from November

Inflow 13.4% higher on yearly basis, Saudi Arabia remains biggest source of remittances in December

Updated 10 Jan, 2024 10:36pm

Markets

Saudi Arabia tries to thread the needle between crude output, prices: Russell

LAUNCESTON: Saudi Aramco’s decision to cut the price of its crude for Asian customers shows just how difficult it is...

Published 09 Jan, 2024 12:50pm

Markets

Saudi Arabia cuts Feb Arab Light crude price to Asia to 27-month low

SINGAPORE: Top oil exporter Saudi Arabia on Sunday cut the February price of its flagship Arab Light crude to Asian...

Updated 07 Jan, 2024 09:19pm

World

Three months in, deaths mount and diplomats vie to stop Gaza war's spread

OCCUPIED JERUSALEM/AMMAN: Top international diplomats discussed strategies for keeping the Gaza war from spreading...

Updated 07 Jan, 2024 10:02pm

World

Saudi Arabia estimates 2024 financing needs at $23bn

DUBAI: Saudi Arabia estimates financing needs of about 86 billion riyals ($22.93 billion) in 2024 under a borrowing...

Published 04 Jan, 2024 06:00pm

World

Saudi non-oil business activity expands in Dec, new orders jump

DUBAI: Non-oil business activity in Saudi Arabia grew solidly in December, a survey showed on Wednesday, with new...

Published 03 Jan, 2024 10:03am

World

New business helps rebound in Saudi non-oil activity in Sept

DUBAI: Growth in non-oil business activity in Saudi Arabia accelerated in September from an 11-month low the...

Published 03 Oct, 2023 10:16am

Markets

Saudi Arabia to tap international debt markets as deficits return

RIYADH: Saudi Arabia is expected to tap the international debt markets to finance a projected budget deficit in...

Published 01 Oct, 2023 05:25pm

Business & Finance

Saudi Arabia economy grew 3.9pc in Q1

DUBAI: Saudi Arabia’s economy grew by 3.9% year-on-year in the first quarter of 2023, according to initial...

Published 08 May, 2023 06:40am

World

Joblessness among Saudis falls to 8% in fourth quarter

DUBAI: Unemployment in Saudi Arabia among citizens fell to 8% in the fourth quarter of 2022, decreasing from 9.9%...

Published 30 Mar, 2023 06:38pm

World

Saudi Arabia aims for huge new downtown in Riyadh by 2030

DUBAI: Saudi Crown Prince Mohammed bin Salman on Thursday launched a company to carry out a hugely ambitious...

Published 16 Feb, 2023 05:11pm

World

Rapid credit growth has hit Saudi banks’ liquidity, says S&P

DUBAI: S&P Global Ratings said on Monday that rapid credit growth in Saudi Arabia has reduced banking liquidity...

Published 30 Jan, 2023 04:46pm

World

Saudi Arabia sees borrowing around 45bn riyals in 2023

DUBAI: Saudi Arabia, the world’s top oil exporter, expects its financing needs to be around 45 billion riyals ($12...

Published 25 Jan, 2023 07:14pm

Markets

Saudi Aramco posts 39% jump in third-quarter profits: statement

RIYADH: Saudi Aramco on Tuesday posted a 39-percent jump in third-quarter profits year on year, the latest financial...

Published 01 Nov, 2022 11:18am

World

Saudi Q3 GDP grows 8.6%, boosted by higher oil prices

DUBAI: Saudi Arabia’s gross domestic product expanded by 8.6% in the third quarter compared with the same period in...

Published 31 Oct, 2022 07:12pm

World

Saudi unemployment falls to 9.7% in Q2

DUBAI: Unemployment in Saudi Arabia among citizens fell to 9.7% in the second half of 2022, reflecting a downward...

Published 29 Sep, 2022 04:56pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 18	278.55
USD PKR Interbank Buying / Dec 18	278.25
USD to Japanese Yen / Dec 18	153.63
USD to Swiss Franc / Dec 18	0.89
Pound Sterling to USD / Dec 18	1.27
Euro to USD / Dec 18	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
Nasdaq / Dec 17	20,109.06
Dow Jones / Dec 17	43,449.90
India Sensex / Dec 18	80,231.76
Tokyo Nikkei / Dec 18	39,081.71
Hang Seng / Dec 18	19,857.31
FTSE 100 / Dec 18	8,222.99
Germany DAX 30 / Dec 18	20,267.35

Item	Value
Gold 10 Grams PKR / Dec 17	241,860
Petrol/Litre / Dec 18	252.10
Crude Oil USD/Barrel / Dec 18	70.43
Karachi Cotton PKR/37.32 KG / Dec 18	17,585
Gold Spot USD/Ounce / Dec 18	2,644.54
Diesel/Litre / Dec 18	255.38

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
S.G.Power / Dec 18 S.G. Power Limited(SGPL)	9.17 ▲ 1.00 (12.24%)
Faran Sugar (R) / Dec 18 Faran Sugar Mills Limited (R)(FRSMR)	9.43 ▲ 1.00 (11.86%)
Gulshan Sp. / Dec 18 Gulshan Spinning Mills Limited(GSPM)	4.47 ▲ 0.42 (10.37%)
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	11.06 ▲ 1.01 (10.05%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Suhail Jute / Dec 18 Suhail Jute Mills Limited(SUHJ)	61.55 ▲ 5.60 (10.01%)
Attock Cement / Dec 18 Attock Cement Pakistan Limited(ACPL)	259.27 ▲ 23.57 (10.00%)
AL-Ghazi Tractors / Dec 18 Al-Ghazi Tractors Limited(AGTL)	564.23 ▲ 51.29 (10.00%)

Stock	Price
National Bank / Dec 18 National Bank of Pakistan(NBP)	66.38 ▼ -7.38 (-10.01%)
First Imrooz Mod. / Dec 18 First Imrooz Modaraba(FIMM)	180.01 ▼ -19.99 (-10.00%)
Imperial Limited / Dec 18 Imperial Limited(IML)	20.16 ▼ -2.24 (-10.00%)
J.A.Textile / Dec 18 J.A. Textile Mills Limited(JATM)	44.37 ▼ -4.93 (-10.00%)
Macter Int. Ltd / Dec 18 Macter International Limited(MACTER)	331.40 ▼ -36.82 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Synthetic Prod / Dec 18 Synthetic Products Enterprises Limited(SPEL)	45.89 ▼ -5.10 (-10.00%)
Biafo Ind. / Dec 18 Biafo Industries Limited(BIFO)	198.85 ▼ -22.08 (-9.99%)
Bilal Fibres / Dec 18 Bilal Fibres Limited(BILF)	12.61 ▼ -1.40 (-9.99%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.15
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 0.34
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	67,234,901 ▼ -0.51
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	60,136,151 ▲ 0.13
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▼ -1.00
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	46,669,770 ▼ -0.33
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 1.67
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▼ -0.46
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	36,858,206 ▲ 1.01

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