Trends - Saudi Arabia GDP - Business Recorder

Saudi Arabia GDP

OPEC’s share in India’s annual oil imports rises after 8-year drop

NEW DELHI: OPEC’s share in India’s crude oil imports edged up in 2024, rising for the first time in nine years,...

Published 17 Jan, 2025 02:04pm

Pakistan

Saudi firm Manara may invest in Pakistan’s Reko Diq mine, minister says

RIYADH: Saudi Arabian mining company Manara Minerals could invest in Pakistan’s Reko Diq mine in the next two...

Updated 14 Jan, 2025 11:08pm

Markets

Saudi crude oil supply to China set to fall in Feb vs Jan, sources say

SINGAPORE: Saudi Arabia’s crude oil supply to China is set to decline in February from the prior month, trade...

Published 09 Jan, 2025 10:42am

Markets

Saudi Arabia to tap debt market with 3-part sovereign bond sale

DUBAI: Saudi Arabia is tapping global debt markets with a planned three-part bond sale on Monday, fixed income news...

Published 06 Jan, 2025 05:01pm

Markets

Saudi Arabia completes arrangement to secure $2.5bn credit facility

CAIRO: Saudi Arabia has finalised an arrangement for securing a shariah-compliant revolving credit facility worth...

Published 02 Jan, 2025 08:57pm

World

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 17	278.75
USD PKR Interbank Buying / Jan 17	278.65
USD to Japanese Yen / Jan 17	155.74
USD to Swiss Franc / Jan 17	0.91
Pound Sterling to USD / Jan 17	1.22
Euro to USD / Jan 17	1.03

Stock	Volume
S&P 500 / Jan 16	5,937.34
Nasdaq / Jan 16	19,338.29
Dow Jones / Jan 16	43,153.13
India Sensex / Jan 17	76,671.81
Tokyo Nikkei / Jan 17	38,451.46
Hang Seng / Jan 17	19,567.81
FTSE 100 / Jan 17	8,477.94
Germany DAX 30 / Jan 17	20,852.83

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 16	18,785
Gold 10 Grams PKR / Jan 16	241,941
Crude Oil USD/Barrel / Jan 17	79.09
Gold Spot USD/Ounce / Jan 17	2,713.02
Cotton US¢/pound / Jan 17	67.05
Petrol/Litre / Jan 18	256.13

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 17 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.60 ▲ 1.00 (15.15%)
S.G.Power / Jan 17 S.G. Power Limited(SGPL)	9.51 ▲ 1.00 (11.75%)
Jahangir Sidd(Pref) / Jan 17 Jahangir Sidd(Pref)(JSCLPSA)	10.50 ▲ 1.00 (10.53%)
AN Textile Mill / Jan 17 AN Textile Mills Limited(ANTM)	12.82 ▲ 1.17 (10.04%)
Jah.Sidd. Co. / Jan 17 Jahangir Siddiqui & Co. Ltd.(JSCL)	23.62 ▲ 2.15 (10.01%)
Agritech Non-voting / Jan 17 Agritech Non-Voting Preference(AGLNCPS)	24.20 ▲ 2.20 (10.00%)
Arif Habib Ltd. / Jan 17 Arif Habib Limited(AHL)	66.21 ▲ 6.02 (10.00%)
Bilal Fibres / Jan 17 Bilal Fibres Limited(BILF)	15.95 ▲ 1.45 (10.00%)
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	77.09 ▲ 7.01 (10.00%)

Stock	Price
JS Global Banking / Jan 17 JS Global Banking Sector (ETF)(JSGBETF)	19.77 ▼ -2.75 (-12.21%)
First Capital Equities / Jan 17 First Capital Equities Limited(FCEL)	5.35 ▼ -0.72 (-11.86%)
Tariq Corp.Pref. / Jan 17 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7 ▼ -0.88 (-11.17%)
Service Textile / Jan 17 Service Industries Textiles Limited(SERT)	14.98 ▼ -1.66 (-9.98%)
Gulshan Sp. / Jan 17 Gulshan Spinning Mills Limited(GSPM)	4.01 ▼ -0.43 (-9.68%)
Zahid Jee Textile / Jan 17 Zahidjee Textile Mills Limited(ZAHID)	27.51 ▼ -2.70 (-8.94%)
Mandviwala / Jan 17 Mandviwala Mauser Plastic Industries(MWMP)	21.50 ▼ -2.00 (-8.51%)
Universal Ins. / Jan 17 The Universal Insurance Company Limited(UVIC)	9.23 ▼ -0.65 (-6.58%)
Tata Textile / Jan 17 Tata Textile Mills Limited(TATM)	47.10 ▼ -2.80 (-5.61%)

Stock	Volume
WorldCall Telecom / Jan 17 Worldcall Telecom Limited(WTL)	103,704,415 ▲ 0.01
Cnergyico PK / Jan 17 Cnergyico PK Limited(CNERGY)	37,108,232 ▲ 0.04
Hub Power Co. / Jan 17 The Hub Power Company Limited(HUBC)	36,743,585 ▲ 5.79
Hascol Petrol / Jan 17 Hascol Petroleum Limited(HASCOL)	32,265,861 ▲ 0.83
Dewan Motors / Jan 17 Dewan Farooque Motors Limited(DFML)	28,402,498 ▲ 2.84
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	24,195,904 ▲ 7.01
Pak Refinery / Jan 17 Pakistan Refinery Limited(PRL)	17,625,081 ▲ 0.94
Fauji Foods Ltd / Jan 17 Fauji Foods Limited(FFL)	16,675,539 ▲ 0.30
K-Electric Ltd. / Jan 17 K-Electric Limited(KEL)	16,024,776 ▲ 0.09

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Saudi Arabia GDP

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