The Kingdom of Saudi Arabia has allocated SAR 12 Billion over the last few years in support of small and medium enterprises. A report from General Authority for Statistics demonstrated that the unemployment rate dipped to 5.5 percent in third quarter compared to 5.6 percent for the second quarter of the same year.
In other news, Saudi Aramco shares fell down 0.4 percent at 37.85 riyals in Riyadh. It is still up 18 percent from the IPO price of 32 riyals.
To read about this and more of the week’s news from the Kingdom, click here.
If you would like to be added to our weekly email distribution of this newsletter, please email us.