This is almost entirely thanks to the nation's extensive oil and natural gas reserves, though Saudi Arabia has also made strides in other areas of economic activity, such as agricultural production.

RIYADH, March 9 (Reuters) - Saudi Arabia's economy grew 1.3% year on year in the fourth quarter of 2024, preliminary government data showed on Sunday, supported by increased non-oil and government ...

the Executive Board of the International Monetary Fund concluded the consideration of the Article IV Consultations of Saudi Arabia. Under Article IV of its Articles of Agreement, the IMF has a mandate ...

Global ratings agency S&P raised Saudi Arabia's rating to 'A+' from 'A' with a stable outlook on Friday, underpinned by the ongoing social and economic transformation in the country. Fitch said the ...

Second, the Saudi economy and its competitiveness would be adversely hit, with growth slowing if the US dollar appreciated against other currencies due to the imposition of US tariffs. Although Saudi ...

The successful delivery of these projects is key to Saudi Arabia's economic diversification and long-term growth, aligning with the Kingdom's goals for a sustainable and diversified future.

Saudi Arabia’s non-oil exports continued their upward trajectory, reflecting the Kingdom’s ongoing efforts to diversify its economy. According to data from the General Authority for Statistics (GASTAT ...