Trends - Saudi Arabia GDP - Business Recorder

Saudi Arabia GDP

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

World

Saudi fiscal sustainability will target reserves not falling below certain percentage of GDP: finance minister

DAVOS: Saudi Arabia’s policy on fiscal sustainability would ensure that reserves do not fall below a certain...

Published 24 May, 2022 09:52pm

Business & Finance

Saudi Arabia's economy estimated to grow 9.6% in Q1, driven by oil

Saudi Arabia's economy grew by 9.6% in the first quarter of 2022, compared to a year earlier, according to flash...

Published 01 May, 2022 07:54pm

Markets

Fitch revises Saudi Arabia’s outlook to ‘positive’ from ‘stable’

Ratings agency Fitch revised its outlook on Saudi Arabia to “positive” from “stable” on Thursday, citing...

Published 14 Apr, 2022 06:42pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 15	277.70
USD PKR Interbank Buying / Nov 15	277.50
USD to Japanese Yen / Nov 15	154.30
USD to Swiss Franc / Nov 15	0.89
Pound Sterling to USD / Nov 15	1.26
Euro to USD / Nov 15	1.05

Stock	Volume
India Sensex / Nov 14	77,580.31
S&P 500 / Nov 15	5,870.62
Tokyo Nikkei / Nov 15	38,642.91
Nasdaq / Nov 15	18,680.12
Hang Seng / Nov 15	19,426.34
FTSE 100 / Nov 15	8,063.61
Dow Jones / Nov 15	43,444.99
Germany DAX 30 / Nov 15	19,210.81

Item	Value
Crude Oil USD/Barrel / Nov 15	67.02
Gold 10 Grams PKR / Nov 15	233,371.60
Gold Spot USD/Ounce / Nov 15	2,563.25
Cotton US¢/pound / Nov 15	68.91
Karachi Cotton PKR/37.32 KG / Nov 16	18,085
Petrol/Litre / Nov 17	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 17 786 Investments Limited(786)	6.33 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 17 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▼ 0.00 (0.00%)
Agro Allianz / Nov 17 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 17 Ali Asghar Textile Mills Limited(AATM)	56.65 ▼ 0.00 (0.00%)
Allied Bank / Nov 17 Allied Bank Limited(ABL)	115.07 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 17 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▼ 0.00 (0.00%)
Abson Ind. / Nov 17 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 17 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 17 786 Investments Limited(786)	6.33 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 17 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▲ 0.00 (0.00%)
Agro Allianz / Nov 17 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 17 Ali Asghar Textile Mills Limited(AATM)	56.65 ▲ 0.00 (0.00%)
Allied Bank / Nov 17 Allied Bank Limited(ABL)	115.07 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 17 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▲ 0.00 (0.00%)
Abson Ind. / Nov 17 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 17 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 17 Worldcall Telecom Limited(WTL)	77,999,077 ▲ 0.00
Fauji Foods Ltd / Nov 17 Fauji Foods Limited(FFL)	70,721,702 ▲ 0.00
Hascol Petrol / Nov 17 Hascol Petroleum Limited(HASCOL)	55,501,231 ▲ 0.00
K-Electric Ltd. / Nov 17 K-Electric Limited(KEL)	36,884,955 ▲ 0.00
Sui South Gas / Nov 17 Sui Southern Gas Company Limited(SSGC)	36,294,630 ▲ 0.00
D.S. Ind. Ltd. / Nov 17 D.S. Industries Limited(DSIL)	32,226,742 ▲ 0.00
TRG Pak Ltd / Nov 17 TRG Pakistan Limited(TRG)	29,018,611 ▲ 0.00
Pak Int.Bulk / Nov 17 Pakistan International Bulk Terminal(PIBTL)	22,405,457 ▲ 0.00
Treet Battery / Nov 17 Treet Battery Limited(TBL)	21,319,898 ▲ 0.00

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Saudi Arabia GDP

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